PREP Essential Net Lease I DST
Investment Description
PREP Essential Net Lease I DST holds an 89,702-square-foot retail building in Berlin, Vermont, leased to Shaw’s Supermarkets. The offering is organized as a single-property Delaware statutory trust. Investors acquire beneficial interests associated with the grocery property and the tenant and master-lease arrangements described in the offering materials.
Key Facts
- Fundraising Status
- Open
- Sponsor Name
- PREP Exchange
- Location(s)
- Vermont
- Equity
- $23,985,832
- Debt
- $0
- LTV (investor offering)
- 0.00%
- Property Type
- Grocery and retail
Source-document projections, not actual distributions. Income is operating cash divided by original offering equity and excludes sale proceeds. Y1 and average use the ten-year investor distribution schedule; average excludes any disposition proceeds. Offering LTV = allocated debt / (offering equity + allocated debt). Property/DST debt is zero; separate sponsor or depositor financing is excluded. Figures reflect reviewed document dates, not current operating results. Projections are not guaranteed; availability is maintained separately.
Sponsor Overview
PREP Exchange
PREP Exchange LLC sponsors the offering as an affiliate of PREP Property Group. PREP Exchange launched in December 2025. The offering materials describe the broader platform’s retail-property, leasing and net-lease investment activities, with Michael C. Phillips leading the organization.