Cove Capital Acquires Texas Retail Property for Net Lease DST Offering 

Cove Capital Investments completed the purchase of a net lease property as part of the firm’s Tractor Net Lease 79 Delaware Statutory Trust (DST), a Regulation D, Rule 506(c) offering that aims to raise just over $6.4 million. 

The Quinlan, TX property was acquired as part of the LA-based firm’s portfolio of debt-free DST real estate assets for 1031 exchange and direct cash investors, according to Dwight Kay, managing member and founding partner of Cove Capital Investments, 

“The asset [a Tractor Supply store], located in the income tax-free state of Texas, was newly constructed in 2023. It features a 15-year corporate net lease with multiple extension options and rent increases every five years during the primary term and options,” Kay said. 

Like many of Cove Capital’s recent acquisitions, including the purchase of three net lease industrial distribution centers on behalf of its Cove Net Lease Industrial 77 DST, three net lease properties for its Cove Essential Net Lease 81 DST, and its Rogers Business Park Opportunity 73 DST, Cove Tractor Net Lease 79 DST was acquired with 0% leverage. 

“We are excited to introduce another quality, debt-free DST real estate investment option,” added Chay Lapin, managing member and founding partner of Cove Capital Investments. 

Pictured: Tractor Supply Co in Quinlan, TX. Courtesy Cover Capital Investments