Net Lease Investment Group

Disciplined Net Lease
Investing

Single-Tenant NNN Acquisitions

Durable income. No landlord headaches. We acquire corporate-backed net lease assets designed to perform in any cycle.

7.25%+
Minimum Cap Rate
10+
Years Lease Term
65%
Target LTV
100%
Corporate-Backed

Investment Criteria

Our Buy Box

Lease Structure
Absolute NNN — Zero Landlord Obligations
Guarantor
Corporate Only — No Franchise Deals
Ownership
Fee Simple — No Ground Leases
Lease Term
10+ Years Remaining on Primary Term
Deal Size
$1M – $2M
Cap Rate
7%+ Target

What We Pass On

Franchisee guarantees
Ground leases
Sub-7% cap rates
Less than 10 years remaining
NN or gross lease structures
Rural or tertiary markets

About

Built on
Disciplined
Underwriting

01

Credit Quality First

Corporate-guaranteed leases from investment-grade or operationally strong tenants only.

02

Location Drives Exit

We buy in real markets with real population — because your buyer on the back end needs to underwrite it too.

03

Structure is Non-Negotiable

Absolute NNN, fee simple, corporate guarantee. We don't compromise on the lease structure.

"We underwrite every deal against a consistent framework: cap rate, tenant credit, lease structure, market demographics, and exit liquidity."
Matthew Baltzell · Principal, CAP X Equity
Matthew Baltzell

Founder

Matthew
Baltzell

Principal & Founder, CAP X Equity

Matthew Baltzell is the Founder and Principal of CAP X Equity, a net lease investment group focused on acquiring corporate-backed, single-tenant assets with durable income and strong exit liquidity.

He is also the Founder of CAP X Media, where he works with real estate and private equity sponsors on investor positioning and capital formation strategies, contributing to over $20M in capital raised.

Matthew began his career at Boardwalk Wealth, a private equity real estate firm, where he was involved in asset management and investment analysis across a portfolio exceeding $50M.

He has exposure to 400+ units across multiple investments and brings a dual perspective from both the capital side and the operator side of real estate.

His approach is simple: prioritize credit, protect downside, and acquire assets that remain liquid on exit.