Apollo AX Essential Retail Portfolio DST
Investment Details
Investment Sponsor: Apollo
Location: Washington
Current Yield: 4.30%
721 Exchange: Mandatory
Property Type: NNN Retail
In-Place Loan: 0% LTV
Distribution Frequency: Monthly
Estimated Hold Period: 2 Years
Investment Description
The portfolio consists of four standalone grocery assets, leased to Safeway, spanning approximately 39.0 acres, totalling 248,103 square feet of net rentable area and 1,458 parking spaces, built between 1995 and 2001.
Investment Highlights
The portfolio consists of four standalone grocery assets spanning approximately 39.0 acres, totalling 248,103 square feet of net rentable area and 1,458 parking spaces, built between 1995 and 2001.
Safeway Inc. doing business as Haggen, Inc, a Pacific Northwest grocery banner operating across Washington, is the tenant for all four portfolio assets and functions as a wholly owned subsidiary of Albertsons Companies, Inc., one of the largest food and drug retailers in North America.
The portfolio represents approximately 25% of Haggen’s regional sales, with three of four stores ranking in the top quartile for foot traffic and generating ~4.2 million annual visits for the trailing twelve months ended August 2025.
DST is backed by a stable tenant with a long-term lease (Albertsons/Safeway), and thesponsor, Apollo RE Exchange, has structured the offering with a focus on consistent income.
Apollo is 30+ years old, has $938 B total AUM, with 2,785 employees worldwide.
Investment Documents
Investment Sponsor
Apollo Global Management is a global alternative asset manager and retirement services provider with approximately $938 billion in assets under management. The firm operates an integrated platform across Yield, Hybrid, and Equity strategies, providing bespoke capital solutions to businesses while securing long-term returns for institutional and individual investors via its Athene retirement business. Focused on private markets, Apollo targets investment opportunities in global infrastructure, energy transition, and corporate credit to drive consistent performance throughout market cycles.
Sponsor Historical Performance
This investment sponsor has not realized any DST investment offerings to date.
