New DST Offering: Industrial Necessity, Debt-Free Structure, Gulf Coast Growth
Cove Capital Investments, LLC is pleased to announce the establishment of the Cove Essential Net Lease Industrial 114 DST, a Regulation D, Rule 506(c) offering targeting $12,126,736 in equity.
📍 Location: Mobile, AL
🏭 Asset: 23,018 sq. ft. build-to-suit industrial distribution facility (Product Exchange Center)
📦 Tenant: Best-in-class operator and division of a multinational food and beverage corporation
📝 Lease: Recently executed 10-year net lease
Why this matters:
Strategic positioning: Directly along I-65 with immediate connectivity to I-10, plus proximity to the Port of Mobile—ranked by Forbes and Yahoo as the second fastest growing port in the nation over the past decade.Port expansion: The Alabama Port Authority's deepening and widening initiative will make Mobile the deepest port on the Gulf Coast.
Tenant history: The tenant previously operated from an older local facility for over 20 years and relocated to this build-to-suit to reduce transportation times and support growth.Debt-free structure: According to Dwight Kay, Managing Member and Co-Founder of Cove Capital Investments:
"Our zero-leverage DST model has been a foundational philosophy of Cove Capital as a strategic investment thesis designed to potentially reduce risk and preserve investor capital. By removing debt from the equation, we inherently shield investors from lender-driven threats like foreclosure, cash flow sweeps, and 'go-dark' provisions that can destabilize a property."
Designed for accredited investors seeking debt-free 1031 exchange and direct cash investment options.
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