Netstreit IPO Presentation Deck
Acquisition Case Study: High-Quality Unrated
Ollie's Bargain Outlet Portfolio Acquisition - Various Locations
Acquisition Completed: March 2020
COLLIE'S
NETSTREIT
Defensive Portfolio at Premium Yield
Establishes meaningful exposure to Ollie's Bargain Outlet (NASDAQ:
OLLI)
QUIE'S
• Previously part of the Toys R Us estate
High-quality properties in strong retail locations
Exemplifies NETSTREIT's "High-Quality Unrated" category
• Premium yield for a creditworthy tenant operating in a defensive
market position
Supports counter-cyclical portion of NTST's strategy and philosophy
$26.1M
Purchase Price
6.9%
Acquisition Cap Rate
10 Years
New Lease Terms
$6.9B
Market Capitalization
$0.9M
Debt on Balance
Sheet²
Scurce SNL Financial, Company dat Markt dists as of 71312020. 1. Originally proportion with weakes two locations liminated following to checks 2. Reffects long lam deb outstanding as of 5/2/2020
7
Properties¹
$1.4B
Tenant Sales (2019)
0.8%
Avg. Annual Rent
Increases
NR/NR
S&P/Moody's Credit
Rating
Essential
Designation During
COVID-19
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