ExchangeRight Fully Subscribes $29.2M Essential Grocery DST

ExchangeRight, a provider of diversified real estate DST and REIT investments, has announced it has fully subscribed its Essential Grocery DST, a $29.2 million all-cash offering featuring a 61,916-square-foot net-leased property tenanted by ShopRite in Uniondale, NY.

The offering will provide monthly distributions starting at an annualized rate of 4.09% from in-place revenue.

The lease includes a contractual rent bump of 10% on May 1, 2026, and has a 10% rent increase in each of its first two five-year options, followed by 8% increases for the remaining four option terms.

The offering’s exit strategy intends to provide investors with a cash-out refinance option in addition to the ability to complete a 1031 exchange, 721 exchange, cash out, or a combination of these options.

“In addition to creating investments that provide capital preservation and stable income during difficult times like these, we are also excited to provide a tax-deferred cash-out refinance option to investors, which may allow them to pull future cash out of the 1031 exchange cycle to be reinvested into more flexible wealth management alternatives,” said Joshua Ungerecht, a managing partner at ExchangeRight.

ExchangeRight and its affiliates’ platform manages over $5.6 billion in assets across 1,200 properties, and 23 million square feet throughout 47 states.