Cove Capital Buys Kentucky Grocery-Anchored Retail Center for $5.3M DST Offering

Cove Capital Investments has acquired a grocery-anchored retail shopping center in Princeton, Kentucky on behalf of its Princeton KY Opportunity 117 DST, a Regulation D, Rule 506(c) Delaware statutory trust offering that seeks to raise just over $5.3 million in equity from accredited investors seeking 1031 exchange replacement property.

The approximately 72,013-square-foot property at 500 US Highway 62 is fully leased to three national tenants: Marshalls, Tractor Supply, and Ruler Foods, a subsidiary of The Kroger Co. The tenants have collectively demonstrated long-term commitment to the location through recent lease renewals and extensions, the company said. The acquisition was completed on an all-cash, debt-free basis, consistent with Cove Capital’s standard offering structure.

Cove Capital described the property as a fit for its focus on necessity-based retail, citing the national-credit tenancy, grocery-anchored traffic, recent lease extensions, and debt-free ownership structure as reasons it complements the sponsor’s 1031 exchange DST portfolio.

The property is located along U.S. Highway 62, Princeton’s primary retail corridor. A cost segregation report is available for qualified investors seeking additional tax efficiency.

The Princeton acquisition is the latest in a series of all-cash DST purchases by Cove Capital. In February 2026, Cove Capital launched the Essential Net Lease Industrial 106 DST, a $5.5 million offering backed by an industrial distribution center in Tularosa, N.M.

Cove Capital Investments is a Delaware statutory trust sponsor with a portfolio of more than 3.7 million square feet across 129 properties nationwide. More than 2,600 investors have participated in the company’s DST offerings.

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