Cove Capital Investments Successfully Acquires Grocery-Anchored Shopping Center in Princeton, Kentucky
PRINCETON, Ky., June 5, 2026 /PRNewswire/ — Cove Capital Investments, LLC is pleased to announce the successful acquisition of a premier grocery-anchored retail shopping center located at 500 US Highway 62 in Princeton, Kentucky.
The approximately 72,013-square-foot retail center is fully leased to nationally recognized tenants and represents another strategic addition to Cove Capital’s growing portfolio of debt-free real estate investments.
The property was purchased for the Cove Princeton KY Opportunity 117 DST, a regulation D, Rule 506c offering targeting a $5,311,475 equity raise available for accredited 1031 exchange investors.
The acquisition reflects Cove Capital’s continued focus on acquiring high-quality, necessity-based retail properties that demonstrate strong tenant commitment, long-term occupancy potential, and strategic market positioning.
The Princeton retail center is anchored by an impressive lineup of national retailers, including Marshalls, Tractor Supply, and Ruler Foods, a subsidiary of The Kroger Co. Together, these tenants provide a diversified mix of grocery, agricultural, apparel, and value-oriented retail offerings that serve the daily needs of residents throughout the region.
One of the property’s most compelling attributes is its status as a 100% leased retail center occupied entirely by national credit tenants. Further demonstrating tenant confidence in the location, the center’s tenants have collectively shown strong long-term commitment through recent lease renewals and extensions.
Strategically positioned along US Highway 62, Princeton’s primary retail corridor, the shopping center benefits from excellent visibility and accessibility within one of the area’s most established retail destinations. The center’s location supports consistent customer traffic generated by both local residents and shoppers from the surrounding trade area.
As a grocery-anchored retail asset, the property benefits from the necessity-driven nature of grocery shopping, which can potentially help generate recurring consumer visits regardless of broader economic conditions. The combination of grocery traffic and complementary retailers creates strong co-tenancy synergies that support the center’s long-term potential viability and tenant demand.*
Consistent with Cove Capital’s investment philosophy, the acquisition was completed as an all-cash, debt-free Delaware Statutory Trust investment, eliminating lender foreclosure risk associated with traditional leveraged DSTs and reinforcing the firm’s commitment to risk mitigating real estate ownership strategies.
