Cove Capital Investments Successfully Fully Subscribes Its Cove Essential Net Lease Industrial 114 DST

Cove Capital Raises $12,126,736 for Its Debt-Free, Newly Constructed Industrial Net Lease Delaware Statutory Trust Offering

LOS ANGELES, Sept. 1, 2026 /PRNewswire/ -- Cove Capital Investments, LLC, a Delaware Statutory Trust (DST) sponsor specializing in debt-free real estate investment opportunities for accredited 1031 exchange and direct cash investors, announced the successful full subscription of Cove Essential Net Lease Industrial 114 DST, a Regulation D, Rule 506(c) offering. Cove Capital successfully raised $12,126,736 in investor equity for the newly constructed industrial property located in Mobile, Alabama.

"On behalf of the entire Cove Capital team, we extend our sincere appreciation to our investors, financial advisors, registered representatives, and broker-dealer partners whose continued trust and support helped make this offering a success," said Dwight Kay, Managing Member and Founding Partner of Cove Capital Investments. "We are grateful for the confidence they place in our team and remain focused on identifying opportunities that we believe offer the potential for durable income and long-term value."

Newly Constructed Industrial Facility in Mobile, Alabama

The property is a newly constructed industrial distribution facility located in Mobile, Alabama. Completed in 2025, the facility contains approximately 23,018 rentable square feet on approximately 4.70 acres and serves as a product exchange center for a leading national food and beverage company.

The highly functional facility includes 16 dock-high doors, one grade-level door, and secured yard space designed to support truck maneuvering, parking, and daily distribution operations. The building also includes a dedicated training room and approximately 50 employee parking spaces, supporting its use as both a distribution node and a regional training location for the tenant's operations across the Southeast.

"Our objective extends beyond acquiring quality real estate. We seek properties with strong functional characteristics, established tenancy, and locations that support the potential for long-term operational relevance. We believe this facility's long-term net lease, strategic location near the Port of Mobile, and direct access to key interstate transportation corridors provide a strong foundation for the offering."

Strategic Port and Interstate Connectivity

The property is positioned directly along Interstate 65 with convenient connectivity to Interstate 10, two major freight corridors serving the Southeast and broader United States. The location also provides access to the Brookley Aeroplex, Mobile International Airport, and the Port of Mobile, supporting efficient regional and national distribution routes.

The Port of Mobile has experienced significant growth and ongoing infrastructure investment, including harbor deepening and widening initiatives intended to expand vessel capacity and enhance access to global trade routes. Cove Capital believes the property's location within this established logistics corridor may potentially support its long-term utility as industrial demand and transportation activity continue to develop throughout the region.

Offering Highlights

• Brand-new industrial facility completed in 2025
• Approximately 23,018 rentable square feet on approximately 4.70 acres
• 16 dock-high doors and one grade-level door
• Secured yard space with low building-to-land coverage
• Direct access to Interstate 65 and proximity to Interstate 10
• Convenient access to the Port of Mobile and Mobile-area transportation infrastructure
• All-cash, debt-free DST structure
• Sponsor co-investment by Cove Capital principals
• Tax-optimized cost-segregation report available to qualifying investors
• Potential fully optional 721 Exchange exit strategy

Sponsor Co-Investment and Debt-Free Structure

Consistent with many previous Cove Capital offerings, the principals of the firm invested their own capital alongside investors in Cove Essential Net Lease Industrial 114 DST.

"We believe investing our own capital reflects our confidence in the property," said Chay Lapin, Managing Member and Founding Partner of Cove Capital Investments. "Every acquisition we sponsor undergoes extensive due diligence before it is brought to market, and this property was evaluated for its construction quality, lease structure, tenant commitment, and strategic logistics location."

Lapin added that Cove Capital's all-cash acquisition philosophy remains a defining characteristic of the firm's Delaware Statutory Trust offerings. By acquiring properties without permanent mortgage financing, Cove seeks to eliminate refinancing concerns, lender foreclosure exposure, and interest-rate sensitivity commonly associated with leveraged commercial real estate investments.

Potential Fully Optional 721 Exchange Exit Strategy

The offering also includes the potential for a fully optional 721 Exchange exit strategy. If a future UPREIT opportunity is presented, investors would have the ability to conduct their own due diligence on the destination real estate investment trust, including its leverage, dividend coverage, floating-rate debt exposure, tax protection agreements, and other factors relevant to their individual objectives. Participation in any future 721 Exchange would remain entirely optional, and there is no guarantee that such an opportunity will be available or utilized.

About Cove Capital Investments

Cove Capital Investments is a Delaware Statutory Trust sponsor company that operates a national portfolio consisting of more than 4.3 million square feet of commercial real estate across approximately 139 properties. More than 2,700 investors nationwide have trusted Cove Capital with their 1031 exchange and investment capital, with many choosing to invest in multiple Cove offerings over the years.

To receive information regarding current Cove Capital offerings available for 1031 exchange and direct cash investments, please visit www.covecapitalinvestments.com.

For additional information, please contact Cove Capital Investments at (877) 899-1315 or [email protected].

Disclosures:
*Past performance is no guarantee of future results. Diversification does not guarantee profits or protect against losses. This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the "Memorandum"). Please read the entire Memorandum, paying special attention to the risk section, prior to investing. IRC Section 1031, IRC Section 1033, and IRC Section 721 are complex tax codes; therefore, you should consult your tax or legal professional regarding your individual situation. There are material risks associated with investing in real estate, Delaware Statutory Trust properties, and real estate securities, including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest-rate risks, the risk of new supply and softening rental rates, general risks of owning and operating commercial properties, financing risks, potential adverse tax consequences, general economic risks, development risks, and long hold periods. There is a risk of loss of the entire investment principal. Potential cash flow, potential returns, and potential appreciation are not guaranteed. Securities offered through FNEX Capital, member FINRA, SIPC.*

SOURCE Cove Capital Investments