ExchangeRight Net-Leased Portfolio 8 DST is a portfolio of thirteen single-tenant, long-term net-leased retail assets that are 100% leased to CVS/pharmacy, Ross Stores, Inc., Advance Auto Parts, AutoZone, Tractor Supply Co, Franciscan Alliance, Dollar General, and Family Dollar. One of the properties is leased to CVS/pharmacy and is located in Indianapolis, IN. One is leased to Ross Stores, Inc. and is located in Ceres, CA. Three of the properties are leased to Advance Auto Parts and are located in Allentown, PA; Denham Springs, LA; and New Iberia, LA. Two are leased to AutoZone and are located in Garner, NC and Immokalee, FL. Two of the properties are leased to Tractor Supply Co and are located in Harrisburg, PA and North Windham, CT. One is leased to Franciscan Alliance and is located in Indianapolis, IN. Two are leased to Dollar General and are located in Vernon, CT and McAdoo, PA. One of the properties is leased to Family Dollar and is located in Terrytown, LA. The Sponsor of the Offering is retaining at least a 1% ownership interest in the portfolio and is offering up to 99% of the beneficial interests in the DST to accredited investors.
The total Offering amount is $40,257,477, of which $18,750,000 is equity and $21,507,477 is long-term fixed-rate financing. The Trust closed on the portfolio of properties on February 2nd, 2015, with 10-year interest-only non-recourse financing with an interest rate of 4.035%. The Offering’s projected cash flow as a percentage of equity for each year throughout the hold period is as follows: 7.31%, 7.31%, 7.31%, 7.35%, 7.45%, 7.45%, 7.57%, 7.61%, 7.69%, and 8.36%.
This Offering is designed for investors seeking to participate in a 1031 tax-deferred exchange as well as investors seeking a diversified net-leased real estate investment on a cash basis. Investors completing a 1031 exchange may invest for a minimum of $100,000; investments made on a cash basis are subject to a $25,000 minimum investment.