ExchangeRight, one of the nation’s leading providers of diversified Delaware statutory trust (DST) and REIT investments, has announced the full subscription of Net-Leased All-Cash 20 DST, a debt-free, $17.8 million portfolio of net-leased necessity-based retail properties that adds to the growing acquisition pipeline for its Essential Income REIT. Backed by historically recession-resilient tenants, the offering is designed to provide investors with stable monthly distributions at a current annualized rate of 5.20 percent, covered entirely by in-place lease revenue. Net-Leased All-Cash 20 DST is a closed offering and is not accepting new investors.
The 100 percent equity portfolio consists of six long-term net-leased properties leased to Tractor Supply Co., Dollar General, NAPA Auto Parts, Dollar Tree and O’Reilly Auto Parts, representing 75,237 square feet across Texas, South Carolina and Alabama. Together the assets have an initial weighted-average lease term of 9.9 year
