MDI Overland Park Net Lease DST
Net lease property in Overland Park, KS — sponsor not disclosed
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These links support the public record as a whole; individual details may come from different sources.
What is this, in one paragraph?
MDI Overland Park Net Lease DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional interests in real estate.1 It holds one Caliber Collision auto-body building at 14939 Metcalf Avenue in Overland Park, Kansas, leased absolute-net and owned without mortgage debt.2 It is raising now, offered only to accredited investors, who must meet SEC income or net-worth tests and be verified by the sponsor.
Sponsor-reported, from SEC filings and cited sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Medalist Diversified reported closing the $5,800,000 purchase of 14939 Metcalf Avenue on July 29, 2026 — about 16,100 square feet on roughly 1.64 acres — funded with company cash through a Delaware statutory trust formed to hold title.3 The building is recent: Overland Park approved a final development plan for a Caliber Collision shop at that address in January 2022.4 Medalist's DST materials instead describe 17,592 square feet on 1.58 acres, and the located records do not reconcile the two.2
- Reported location
- Overland Park, KS
Who is the tenant, and what's the lease?
Caliber Holdings, LLC leases the building and runs it as a Caliber Collision body shop under an absolute NNN lease, meaning the tenant pays taxes, insurance, and maintenance directly.2 Medalist reports a 15-year term with roughly 12 years remaining, 10% rent increases every five years, two five-year renewal options, and a guaranty from parent Wand Newco 3, Inc.2
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
Raise history appears here once sales are filed — free account required.
How is it financed, and what does it pay?
Medalist presents the trust as all-cash: the building is held free and clear, with no lender and no mortgage to service.2 An unleveraged DST carries no refinancing or lender-default risk, but it also supplies no replacement debt for an exchanger who must match a mortgage paid off on the relinquished property.
Who's behind it?
Medalist Diversified, Inc., a Nasdaq-listed REIT, launched a DST sponsor platform on May 6, 2026 with an inaugural Tesla-leased offering in Pensacola, Florida; AltsWire reported on August 10, 2026 that the debut trust was fully subscribed at nearly $8.6 million. Overland Park, announced August 25, 2026, is the platform's second offering.2 The Form D names MDI Sponsor, LLC, managed through an entity under Medalist Diversified Holdings, L.P.1
- Sponsor
- Sponsor not disclosedThe filing does not identify a sponsor we can confirm.
- May convert to a REIT
- Not stated
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The paperwork here is the short notice an issuer files to claim an exemption from SEC registration rather than a registered prospectus, and no amendment has followed it.1 The exemption claimed permits general advertising, provided the sponsor verifies each buyer's accredited status before sale. Medalist's offering page showed the trust accepting interest on September 8, 2026.5
- Form D filedFirst and latest filing on record.
- Legal Trust name
- MDI Overland Park Net Lease DST
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
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.
Common questions
Is MDI Overland Park Net Lease DST still raising money?
The sponsor’s SEC filings show the offering raising money within the past 15 months. A filing does not by itself confirm you can still buy in.
Where does Top1031 get the data for MDI Overland Park Net Lease DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
What does this trust own?
A single automotive collision-repair building at 14939 Metcalf Avenue in Overland Park, Kansas, a Kansas City suburb. Medalist Diversified reported closing the $5,800,000 acquisition on July 29, 2026, funded with company cash, through a Delaware statutory trust formed to hold title; that filing describes roughly 1.64 acres and about 16,100 square feet. Medalist's August 25, 2026 DST announcement describes 17,592 square feet on 1.58 acres. The located records do not reconcile the difference. Overland Park approved a final development plan for a Caliber Collision shop at the address in January 2022, and Johnson County Post reported in March 2023 that construction was underway.
Who is the tenant, and what does the lease say?
Medalist identifies the tenant as Caliber Holdings, LLC, which operates the site as a Caliber Collision body shop. The August 25, 2026 announcement describes an absolute NNN lease — the tenant bears taxes, insurance, and maintenance directly — with a 15-year term, approximately 12 years remaining, 10% rent increases every five years, two five-year renewal options, and a guaranty from corporate parent Wand Newco 3, Inc. Exact commencement and expiration dates are not established in publicly located records; the PPM, the private placement memorandum that controls the actual terms, governs.
Is there a mortgage on the property?
No. Medalist presents the offering as all-cash and debt-free, with the building owned free and clear, no lender, and no scheduled debt service at the trust level. An unleveraged DST supplies no replacement debt, which matters for an exchanger whose relinquished property carried a mortgage that must be matched to avoid taxable boot.
Has this sponsor done a DST before?
Yes, one. Medalist Diversified announced its DST sponsor platform and an inaugural Tesla-leased Pensacola offering on May 6, 2026, and AltsWire reported on August 10, 2026 that the debut DST was fully subscribed, raising nearly $8.6 million. Overland Park, announced August 25, 2026, is the platform's second offering — a separate trust with separate property, lease, and economics.
What is the minimum investment, and who can invest?
The Form D filed August 19, 2026 states a $100,000 minimum outside investment. Interests are sold only to accredited investors — those meeting the SEC's income or net-worth thresholds — and because the offering is made under Rule 506(c), the version of the private-placement exemption that allows public advertising, the sponsor must verify that status rather than accept a self-certification.
What does the SEC filing actually confirm?
It confirms the issuer's name, its form as a Delaware statutory trust, its CIK of 2149380, a $100,000 minimum, MDI Sponsor, LLC as sponsor (managed through MDI Overland Park Net Lease Trust Manager, LLC and Medalist Diversified Holdings, L.P.), $599,176 in sales commissions, and the offering terms as stated on August 19, 2026. It does not describe the property, tenant, lease, or leverage. Those come from Medalist's August 25, 2026 announcement and its July 29, 2026 closing report, all subject to the PPM.