Huntington Tower (2025 Woodward Avenue, Detroit, MI)
Legal trust name NLC Financial Service HQ DST
Talk to a 1031 specialistData updated Jun 25, 2026
Offering size$137.7M
Asset typeNet Lease
LocationMulti-state
FinancingNot disclosed
Regulation D exemptionRule 506(b)
Sponsor-reported potential 721/UPREIT exitNo
First filedApr 8, 2026
Last filedJun 25, 2026
Minimum$150k
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
NLC Financial Service HQ DST is a Delaware statutory trust sponsored by Net Lease Capital Advisors that holds a 79.30% interest in Huntington Tower, a 2023-built, 20-story Class A office headquarters at 2025 Woodward Avenue in downtown Detroit, Michigan. Sponsor material reports the property is fully leased to The Huntington National Bank on an absolute triple-net basis, with the initial term running to June 2044 and 2.00% annual rent escalations, and the lease guaranteed by Huntington Bancshares Incorporated. The offering reflects a total transaction price of roughly $137.69 million, funded partly with assumed non-recourse debt.
Min $150k; $92.2M sold of $137.7M, $45.5M remaining (Form D/A 6/25/26); first sale 4/27/26; 506(b), not publicly marketed
Based on issuer-filed Form D notices through Jun 25, 2026. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount67.0%
Capital sold, per latest Form D$92,234,640
Remaining amount reported in latest Form D$45,457,926
Investor count reported in latest Form D36
Stated minimum investment$150,000
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First filedApr 8, 2026
Latest filingJun 25, 2026
Filings tracked3
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Property and tenant
NLC Financial Service HQ DST owns Huntington Tower, a 2023-built, 20-story Class A office headquarters at 2025 Woodward Avenue in downtown Detroit, Wayne County, Michigan 3. Sponsor material reports the building is 100% leased to The Huntington National Bank on an absolute triple-net basis, with an initial term expiring June 2044, four seven-year renewal options, and 2.00% annual rent escalations 3. The lease is guaranteed by Huntington Bancshares Incorporated, which the sponsor reports carries S&P BBB+, Fitch A-, and Morningstar A ratings and approximately $210.2 billion in assets 3.
Capitalization and financing
The sponsor reports a total transaction price of about $137.69 million for the trust's 79.30% interest, comprising roughly $23.75 million of equity and about $113.94 million of assumed non-recourse debt (about 82.75% loan-to-value), with a Year 1 DSCR of 1.00x and financing maturing coterminous with the lease on June 10, 2044 3. Sponsor material describes the debt as senior and subordinated notes at a 4.589% fixed coupon on an 18-year term through Wells Fargo Trust Company, N.A., amortizing toward an approximately $7.1 million balloon, with the subordinated notes accruing rather than requiring current payment 3.
Offering and filing status
An issuer-filed Form D/A dated June 25, 2026 reports a total offering amount of $137,692,566 with $92,234,640 sold as of that filing 2. This notice is an issuer report of an exempt offering, not evidence of SEC registration or current availability. The Top1031 structured record, derived from that filing, first noted the offering on April 8, 2026 1. The filing lists Douglas F. Blough and Bruce S. MacDonald as executive officers, care of Net Lease Capital Advisors LLC in Nashua, New Hampshire 4.
In the news
Frequently asked questions
Is Huntington Tower (2025 Woodward Avenue, Detroit, MI) currently active?
Huntington Tower (2025 Woodward Avenue, Detroit, MI) is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for Huntington Tower (2025 Woodward Avenue, Detroit, MI)?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.