PREP Essential Net Lease I DST
Sponsored by PREP
The property was built for Shaw’s Supermarkets in 1996 and has been continuously leased by Shaw’s Supermarkets since its opening in March of 1997 (29 years).
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Offering terms
- Minimum investment
- $50,000
- Yr 1 distribution
- 5.00%
- Avg distribution
- 5.12%
- Projected hold
- 10 yrs
- Offering size
- $24M
- Equity raise
- $24M
- Loan-to-value
- All cash
- 721 exit
- Unclear
Projected distributions by year
Capital structure
- Equity
- $23,985,832
- Debt
- $0
- Total
- $23,985,832
Overview
The property was built for Shaw’s Supermarkets in 1996 and has been continuously leased by Shaw’s Supermarkets since its opening in March of 1997 (29 years). The property has been owned and managed by a PREP affiliate since 2022. The Shaw’s Supermarkets lease is an absolute net lease structure that relieves the Trust of all operating obligations and capital expenditures, including capital repairs, environmental, and fire/casualty insurance. The principal objectives of the Trust are to: (1) seek to realize maximum operating performance; (2) pay regular distributions to investors out of net cash flow in line with financial projections; (3) preserve the capital investment of investors; and (4) complete a sale or other disposition of the asset.
Projected distributions are the sponsor's estimates of annual cash flow on invested equity. They are not guaranteed, may change or stop, and may include a return of capital. LTV is the offering's debt divided by its total capitalization. Information reflects my offering records as of October 28, 2026 and may have changed. This page is not an offer to sell or a solicitation of an offer to buy any security; offers are made only through the offering documents to eligible investors.
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