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ARCTRUST Acquires Seven Triple-Net Properties for DST Offering
ARCTRUST Private Capital acquired a seven-property, single-tenant net lease portfolio comprised of two Pinnacle Bank locations, three CVS Pharmacy locations and two NAPA Auto Parts locations across six states. Seller(s) and pricing were not disclosed.The portfolio will be offered to accredited investors as a Delaware statutory trust, ARCTRUST Exchange II DST.
The portfolio includes properties in North Carolina, Alabama, Kentucky, Michigan, Tennessee and Virginia. It features a weighted average remaining lease term of roughly 13.6 years, with contractual rent increases and renewal options across all assets. Each property is leased on an absolute triple-net basis.
“This portfolio reflects ARCTRUST’s continued focus on acquiring essential, service-oriented real estate leased to creditworthy tenants under long-term net leases,” said Chris Wadelin, CEO of ARCTRUST Private Capital. “Combining national retail pharmacy, automotive aftermarket, and established community banking locations across six states gives investors a level of tenant and geographic diversification that we believe may align well with the needs of 1031 exchange investors seeking durable income and capital preservation.”
- ◦Sale/Acquisition
