Netstreit IPO Presentation Deck
Market Opportunity: Why Net Lease Retail?
Net Lease Retail concepts have outperformed
traditional retailers such as department stores
▪ NETSTREIT focuses on tenancy shielded from the e-
commerce threat facing mall-centric retailers
NETSTREIT targets a market segment which has
historically seen less institutional competition and
provides a meaningful growth opportunity
Targeted average asset size of between $1M and $10M
■ Non-institutional buyers represent the majority of single-
tenant retail acquisition volume
NETSTREIT
- Market share of Non-Mall Retail real estate, including Net
Lease retail, controlled by REITs is small as compared to
other sectors (-10% for Retail vs -80% for Malls)¹
Public Net Lease landscape has grown dramatically
in recent years
▪ Since 2012, the sector has increased in scale from -$40B
(14 REITS) to -$187B (24 REITS) (approximately 371%
expansion of capitalization)²
RETAIL SALES CAGR³
2010-2019
Improvement
3.3%
Pharmacies and
Drug Stores
54%
Single-tenant retail
transactions under
$5.0 million (2019/¹
3.1%
-10%
REIT share of Non-
Mall Retail real estate
by market value¹
Food and
Beverage Stores
NET LEASE AND RETAIL
CRE MARKET
Department
59%
($13bn)
Non-institutional
single-tenant retail
buyers (2017-2019)
12%
Public Net Lease
share of the MSCI US
REIT Index (RMZ)³
Sourco Real Copal Analytics, SM. Financial Gon Street Advisors, U.S. Consus Bursa 1. Gmon Street Advisons 2. Spain based on total capitalization at 7/31/2020. 3. U.S. Con Bureau 4. Real Capital Analys. 5. As of 6/62020.View entire presentation