ExchangeRight Net Leased Portfolio 23 DST is a portfolio of 23 single-tenant, long-term net-leased retail assets that are 100% occupied and operated by Advance Auto Parts, Auto Zone, Dollar General, Family Dollar, GIANT Food, Tractor Supply, and Walgreens.
The portfolio is composed of high-quality tenants with
strong credit and provides the investor with access to a
diversified portfolio. First-year net operating income is
diversified as follows:
- 38.5% Pharmaceutical (Walgreens)
- 21.3% Grocery (GIANT Food)
- 19.7% Discount Necessity Retail (Dollar General,Family Dollar)
- 11.4% Discount Auto (Advance Auto, Auto Zone)
- 9.1% Agriculture (Tractor Supply)
Annual Income Forecast
The Offering’s projected cash flow as a percentage of equity for each year throughout the hold period is as follows: 6.30%, 6.30%, 6.30%, 6.34%, 6.36%, 6.37%, 6.39%, 6.39%, 6.40%, 6.45%.
Exit Strategy
At ExchangeRight, our offerings are not overly dependent on any one property, location, tenant, lease, industry, debt term, or sale period for their cash flow and value. In preparation for the next recession, we designed our strategy with significant diversification and scale, which enables us to:
- pay stable cash flow through economic cycles, real estate market cycles, debt maturities, and lease rollovers
- provide downside protection by diversifying across properties, tenants, and industries that are less dependent on economic growth to perform well when inevitable risks assail the markets
- maintain significant flexibility and control to maximize investor returns
- safeguard investors from being forced to sell before the time is right
- preserve investors’ ability to complete a 1031 exchange upon exit