ExchangeRight, one of the nation’s leading providers of diversified DST and REIT investments, has announced the full subscription of Net-Leased All-Cash 20 DST, a debt-free, $17.80 million portfolio of net-leased necessity-based retail properties that adds to the growing acquisition pipeline for its Essential Income REIT. Backed by historically recession-resilient tenants, the offering is designed to provide investors with stable monthly distributions at a current annualized rate of 5.20%, covered entirely by in-place lease revenue. Net-Leased All-Cash 20 DST is a closed offering and is not accepting new investors.

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The 100% equity portfolio consists of six long-term net-leased properties leased to Tractor Supply Company, Dollar General, NAPA Auto Parts, Dollar Tree, and O’Reilly Auto Parts, representing 75,237 square feet across Texas, South Carolina, and Alabama. Together the assets have an initial weighted-average lease term of 9.9 years.

The 100% equity portfolio consists of six long-term net-leased properties leased to Tractor Supply Company, Dollar General, NAPA Auto Parts, Dollar Tree, and O’Reilly Auto Parts, representing 75,237 square feet across Texas, South Carolina, and Alabama. Together the assets have an initial weighted-average lease term of 9.9 years.

The 100% equity portfolio consists of six long-term net-leased properties leased to Tractor Supply Company, Dollar General, NAPA Auto Parts, Dollar Tree, and O’Reilly Auto Parts, representing 75,237 square feet across Texas, South Carolina, and Alabama. Together the assets have an initial weighted-average lease term of 9.9 years.

As with ExchangeRight’s previous All-Cash offerings, All-Cash 20 is structured to provide a range of exit options, including a tax-deferred 721 exchange into the Essential Income REIT, a cash-out financing, a tax-deferred 1031 exchange, a cash out, or any combination of these options. Pending successful future financing, the company intends to provide investors with a tax-deferred lump sum payment of 20%+ of their initial investment through a cash-out financing, along with a tax-deferred 721 exchange of the approximately 80% non-financed equity into the Essential Income REIT. There is no guarantee that the DST’s objectives, including its exit strategies, will be achieved.

Joshua Ungerecht, managing partner at ExchangeRight, emphasized the role of debt-free, diversified retail in protecting investor capital.

“Net-Leased All-Cash 20 DST underscores investors’ continued preference for debt-free ownership of necessity-based real estate that has proven resilient across market cycles,” said Ungerecht. “Pairing the tenant strength of All-Cash 20 DST’s portfolio with a 20-year master lease from our Essential Income Operating Partnership gives investors multiple layers of confidence.”

The past performance of ExchangeRight and its previous offerings does not guarantee future performance.

About ExchangeRight

ExchangeRight and its affiliates’ vertically integrated platform features more than $7.8 billion in assets under management that are diversified across over 1,400 properties and 31 million square feet throughout 47 states, as of September 30, 2026. ExchangeRight pursues its passion to empower people to be secure, free, and generous through 1031 DST portfolios, Essential Income REIT, and cash management funds, all of which have historically met or exceeded investor projections since ExchangeRight’s inception. On behalf of investors nationwide, the company structures and manages net-leased portfolios of assets backed primarily by investment-grade corporations that have successfully operated in the industrial, necessity retail, and healthcare industries. Past performance does not guarantee future results. Please visit www.exchangeright.com for more information.

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