Shaw's Supermarket - Berlin, VT
Legal trust name PREP Essential Net Lease I DST
Offering size$24.0M
Asset typeNet Lease
LocationBerlin, VT
FinancingAll cash
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedApr 7, 2026
Last filedApr 7, 2026
Minimum$50k
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.
Shaw's Supermarket - Berlin, VT is the underlying asset of PREP Essential Net Lease I DST, sponsored by PREP Exchange. The trust holds a necessity-based retail property at 160 Paine Turnpike North, Berlin, Vermont, built in 1996 on about 35.75 acres with roughly 89,702 rentable square feet, part subleased to O'Reilly Auto Parts. Shaw's Supermarkets, a subsidiary of Albertsons Companies, has occupied the site since March 1997 and in December 2024 extended its absolute-net lease through December 31, 2039, with six five-year renewal options. The offering was structured all-cash and debt-free at closing, and the Form D filed April 7, 2026 reported a total offering amount of $23,985,832.
Debt-free 0% LTV; ~$24M raise; Shaw's (Albertsons) lease to 12/2039 +6x5yr opts; subtenant O'Reilly Auto Parts; 100% occ
89,702 SF on 35.75 acresBased on issuer-filed Form D notices through Apr 7, 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 amount0.0%Current Form D data does not support a reliable raise-progress estimate.
Not enough filing history for a trend line.
Capital sold, per latest Form D—
Remaining amount reported in latest Form D$23,985,832
Investor count reported in latest Form DNot disclosed
Stated minimum investment$50,000
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First filedApr 7, 2026
Latest filingApr 7, 2026
Filings tracked1
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
The trust holds the Shaw's Supermarket at 160 Paine Turnpike North, Berlin, Vermont, a necessity-based retail asset built in 1996 on approximately 35.75 acres, comprising a two-unit building of roughly 89,702 rentable square feet with a portion subleased to O'Reilly Auto Parts 1. Shaw's Supermarkets, Inc., a subsidiary of Albertsons Companies, has occupied the location since March 1997 and is described as Vermont's leading grocer and the third-largest in New England by store count 1.
Lease and capitalization
In December 2024, Shaw's executed a 15-year lease extension running through December 31, 2039, with six five-year renewal options under an absolute-net structure 1. PREP originally acquired the property in July 2022 for an earlier sponsored vehicle and later contributed it to the DST; the offering is described as all-cash and debt-free at closing 1. The issuer's Form D, filed April 7, 2026, reported a total offering amount of $23,985,832 2.
Sponsor
PREP Essential Net Lease I DST is sponsored by PREP Exchange, a dedicated 1031 platform affiliated with PREP Property Group, a vertically integrated retail real estate operator founded by Michael C. Phillips, co-founder of Phillips Edison & Company 3. PREP Property Group lists the Berlin, Vermont asset among its properties 4.
In the news
Frequently asked questions
Is Shaw's Supermarket - Berlin, VT currently active?
Shaw's Supermarket - Berlin, VT 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 Shaw's Supermarket - Berlin, VT?
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.