Current Offering — KB Fleet Farm, DST

A Single-Tenant, Net-Lease (NNN) FLAGSHIP PROPERTY

100% Leased to Mills Fleet Farm

Triple Net (NNN) Lease

Annual Rental Increases

Cost Segregation Study for Accelerated Depreciation

Delaware Statutory Trust (DST) Ownership Structure

Total Leasable Space: 431,440 Sq. Ft

5 Building, Single-Story

Investments Starting from $100,000

KB Fleet Farm, DST

KB Exchange Trust is pleased to offer a single-tenant, net-leased flagship property structured as a Delaware Statutory Trust (DST). This triple-net leased property consists of 273,175 square feet of retail space, 143,883 square feet of industrial storage/distribution, 14,382 square feet of gas stations and car wash, totaling 431,440 square feet of leasable space. The property is 100% leased to Mills Fleet Farm, a formerly family-owned store, purchased by KKR (NYSE: KKR; S&P: A) in 2016.

Appleton, Wisconsin Overview

Appleton, WI (MSA Population: 231,483) serves as the heart of the Fox River Valley and is located just 30 miles southwest of Green Bay and 105 miles north of Milwaukee. Appleton has been named one of Wisconsin’s safest cities and one of the fastest growing metropolitan areas.

About Fleet Farm

Fleet Farm, founded in 1955, proudly serves the Upper Midwest by vending highquality merchandise designed for work, home and recreation. Based in Appleton, Wisconsin, Fleet Farm is among the region’s most trusted retail names, operating 47 locations across Minnesota, Wisconsin, Iowa and North and South Dakota. The company targets active outdoor families as well as suburban and farm consumers through a wide range of products, convenient services, and friendly personnel. With over 100,000 SKUs, Fleet Farm bills its stores as “malls without walls.” Its diverse mix of products dramatically reduces the effects of seasonal sales, which can be detrimental to its competitors. The company also enjoys competitive advantages through its successful store-branded credit card program and its unique, e-commerce resistant product mix (farm, pet, home improvement and automotive). Fleet Farm was purchased for $1.2B in 2016 by KKR (NYSE: KKR; S&P: A). With its extensive retail sector experience, KKR aims to expand Fleet Farm’s store count over the years.

Number of Buildings 5
Total GLA 431,440 Square Feet
Total Land Area 32.27 Acres
Year Built 2000
Stories 1
Occupancy 100%

Download DST Investment Summary

To download the DST investment summary, please select if you are a financial professional or an investor. You can also call us at 314.399.4588 for immediate assistance.



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