MDI Overland Park Net Lease DST
Net lease property in Overland Park, KS — sponsor not disclosed
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
MDI Overland Park Net Lease DST is a Delaware statutory trust — a vehicle that lets 1031 exchangers own fractional interests in real estate.1 It holds a single Caliber Collision auto-body facility at 14939 Metcalf Avenue in Overland Park, Kansas.2 The sponsor is MDI Sponsor, LLC, a subsidiary of Nasdaq-listed Medalist Diversified, Inc.2 Interests are offered under Rule 506(c), which allows public advertising to buyers whose accredited status is verified.
Property details are not confirmed yet. The SEC filings below are the current public record.
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These links support the public record as a whole; individual details may come from different 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?
The property is a single-tenant collision-repair building at 14939 Metcalf Avenue in Overland Park, a Kansas City suburb. Baker 1031 describes it as a 2022 build-to-suit of 17,592 square feet on 1.58 acres.2 Medalist Diversified announced on July 30, 2026 that it had closed the $5.8 million purchase the day before with cash on hand; that release gave the building as 16,100 square feet on 1.64 acres, differing from the offering page.
- Reported location
- Overland Park, KS
Who is the tenant, and what's the lease?
Baker 1031 reports the building is 100% leased to Caliber Holdings, LLC, doing business as Caliber Collision, on a 15-year base term that began in July 2023 and runs to July 31, 2038, with two five-year renewal options.2 Medalist calls the lease absolute triple-net — the tenant pays taxes, insurance, and maintenance — guaranteed by parent Wand Newco 3, Inc.3
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 and debt-free: the building owned free and clear, with no mortgage lender and no scheduled debt service.3 Baker 1031 lists the same, showing no in-place loan.2 That removes refinancing and foreclosure risk, but an exchanger replacing debt from a relinquished property would have to source that leverage elsewhere.
Who's behind it?
MDI Sponsor, LLC is a subsidiary of Medalist Diversified, Inc. (Nasdaq: MDRR).2 Medalist 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. The Overland Park trust is a separate offering; Medalist's current-offering page, which also calls it the Caliber Collision Net Lease DST, presents it as open for 1031 subscriptions.3
- Sponsor
- Sponsor not disclosedThe filing does not identify a sponsor we can confirm.
- Legal Trust name
- MDI Overland Park Net Lease DST
- 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 trail is short: the initial Form D — the brief notice an issuer files to claim an exemption from SEC registration — and nothing since, with no amendments or restated terms.1 The exemption claimed lets the sponsor advertise the offering publicly, provided each buyer's accredited status is verified before purchase.
- Form D filedFirst and latest filing on record.
- 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?
Top1031 lists MDI Overland Park Net Lease DST as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
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, in the Kansas City metro. Medalist Diversified announced on July 30, 2026 that it had closed the $5.8 million acquisition the prior day, funded entirely with cash on hand. Baker 1031's page for the trust describes a 2022 build-to-suit of 17,592 square feet on 1.58 acres, while Medalist's closing release gave 16,100 square feet on 1.64 acres.[2]
Who is the tenant, and what does the lease say?
Baker 1031 reports the property is 100% leased to Caliber Holdings, LLC, doing business as Caliber Collision, under a 15-year base term that commenced in July 2023 and expires July 31, 2038, with two five-year renewal options; it lists base rent of $347,500 ($19.75 per square foot), stepping to $382,250 in 2028, with 10% increases every five years.[2] Medalist describes the lease as absolute triple-net, guaranteed by tenant parent Wand Newco 3, Inc.[3]
Is there a mortgage on the property?
No. Medalist presents the offering as all-cash and debt-free.[3] Baker 1031 lists the same, with no in-place loan on the building.[2] An unlevered DST supplies no replacement debt, which matters for an exchanger whose relinquished property carried a mortgage.
Has this sponsor done a DST before?
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. The Overland Park trust is a separate offering by MDI Sponsor, LLC, a Medalist subsidiary.[2]
What is the minimum investment?
The Form D filed August 19, 2026 reports a $100,000 minimum outside investment. Interests are sold only to accredited investors — those meeting the SEC's income or net-worth thresholds — and under Rule 506(c) the sponsor must verify that status rather than accept a self-certification.
What does the SEC filing actually confirm?
The Form D confirms the issuer's name, its Delaware statutory trust form, its CIK of 0002149380, and the offering terms stated as of August 19, 2026.[1] It does not disclose the property, tenant, lease, purchase price, or leverage. Those details come from Medalist's own offering page and from broker marketing pages such as Baker 1031's, and are governed by the PPM — the private placement memorandum that controls the deal's actual terms.