# PREP Essential Net Lease I DST

> 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).

Source: https://baker1031.com/invest/prep-essential-net-lease-i-dst


## Key terms

| Term | Value |
|---|---|
| Status | Under review |
| Property type | Retail |
| Sponsor | PREP |
| Location | Vermont |
| Minimum investment | $50,000 |
| Year-1 projected distribution | 5.00% |
| Average projected distribution | 5.12% |
| Projected hold | 10 yrs |
| Offering size | $23,985,832 |
| Equity raise | $23,985,832 |
| Debt | $0 |
| Loan-to-value | All cash |
| 721 exit | Unclear |

## Projected distributions by year

| Year | Projected distribution |
|---|---|
| Year 1 | 5.00% |
| Year 2 | 5.00% |
| Year 3 | 5.00% |
| Year 4 | 5.00% |
| Year 5 | 5.00% |
| Year 6 | 5.25% |
| Year 7 | 5.25% |
| Year 8 | 5.25% |
| Year 9 | 5.25% |
| Year 10 | 5.25% |

## 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.

Information reflects my offering records as of October 28, 2026 and may have changed. Projected distributions are the sponsor's estimates, are not guaranteed, may change or stop, and may include a return of capital. To request the offering documents, contact hello@baker1031.com or visit https://baker1031.com/invest/prep-essential-net-lease-i-dst.

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Securities are offered through Aurora Securities, Inc., member FINRA/SIPC. Baker 1031 Investments, LLC is independent of Aurora Securities, Inc. and is not a registered broker-dealer or investment adviser. This content is general education, not investment, tax, or legal advice, and is not an offer to buy or sell securities. Offers are made only through the offering documents to eligible investors, generally accredited investors. DST interests are illiquid, distributions are not guaranteed, and you can lose your entire investment.

Contact: Jerry Baker, Baker 1031 Investments · hello@baker1031.com · (415) 965-0552 · https://baker1031.com/contact