Secure Net Lease

What Secure Net Lease does

Secure Net Lease is a boutique commercial real estate investment sales and tenant services brokerage firm founded in 2015 and co-led by Managing Partners Joe Caputo and Bob Moorhead. The firm specializes in net lease investment properties — primarily single-tenant retail assets leased to nationally known tenants — operating across 48 US states with offices in Dallas, Texas (headquarters) and El Segundo, California. The firm has transacted over $7.4 billion in cumulative sales volume, with deep expertise in C-store and convenience retail categories (including preferred brokerage relationships with 7-Eleven and QuikTrip) as well as QSR, dollar store, bank, and industrial assets.

The firm operates a relationship-driven, sales-led GTM targeting four primary customer groups: 1031 exchange and bonus depreciation buyers, developers and private equity sellers, retail tenants seeking sale-leaseback capital, and private and institutional investors. Revenue is generated through transaction commissions on acquisition and disposition deals, sale-leaseback advisory, tenant representation, and M&A advisory fees. The firm has no proprietary technology platform and relies on internal databases, market tracking systems, and a public-facing property listings marketplace to source and match deals.

Secure Net Lease expanded its service surface materially in 2024 through a partnership with X Team Retail Advisors, which provided access to 40+ offices and 120+ tenant representation specialists across the US and Canada. The firm also launched a bonus depreciation consulting service, a weekly podcast (Retail Recap), and an active content marketing program to deepen engagement with private and institutional investors. With approximately 25 professionals and no disclosed external funding, the firm operates as an independent, privately held boutique competing against larger national brokerage firms on the basis of specialized C-store and QSR expertise, a proprietary database of over 50,000 C-store locations, and top-10 national rankings within the net lease niche.

Name

Secure Net Lease

Legal name

Secure Net Lease

Website

https://securenetlease.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Secure Net Lease is a boutique net lease investment sales brokerage specializing in single-tenant retail properties across 48 US states, serving 1031 exchange buyers, developers, retail tenants, and institutional investors with deep C-store and QSR expertise and over $7.4B in lifetime sales volume.

Ownership category

akta.pro rank

Headquarters

HQ city

El Segundo

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D

Revenue model

1. Brokerage Commissions: The firm earns commissions on investment property sales transactions. Services include acquisition and disposition of single-tenant retail, shopping centers, office, medical, and industrial properties. Also earns fees from sale-leaseback advisory and tenant representation services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Secure Net Lease is a boutique net lease commercial real estate investment sales brokerage that buys, sells, and advises on single-tenant retail, shopping centers, office, medical, and industrial properties across 48 U.S. states. The firm also delivers tenant services including sale-leaseback advisory, M&A advisory, and tenant representation (via the X Team Retail Advisors partnership), buyer and seller strategy services, and bonus depreciation consulting for investors.

Product overview

Secure Net Lease operates as a commercial real estate brokerage platform offering a unified suite of services for net lease investment properties. The core offering combines Investment Sales (for acquiring/disposing shopping centers, single-tenant retail, office, medical, and industrial properties), Tenant Services (sale-leasebacks, M&A advisory, and tenant representation through X Team Retail Advisors), Buyer Strategy (property search and acquisition support), Seller Strategy (listing and sales representation), and Bonus Depreciation Consulting (tax advisory). Their Property Listings Marketplace serves as the consumer-facing portal displaying available investment properties including 7-Eleven, Starbucks, and quick-service restaurant locations. The company has offices in Dallas, TX and Los Angeles, CA and has transacted in 48 states with over $7.4B in sales.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Sales National brokerage service specializing in the acquisition and disposition of shopping centers, single-tenant retail, office, medical, and industrial properties across 48 states, targeting private investors, REITs, and institutional buyers.
• Tenant Services Comprehensive tenant-side real estate services including sale-leasebacks, M&A advisory, and tenant representation, delivered directly by SNL and through its 2024 partnership with X Team Retail Advisors (40+ offices, 120+ tenant representation specialists).
• Buyer Strategy Investment real estate acquisition services for buyers, including market analysis, property search, on-market and off-market opportunity sourcing, vetting of opportunities, and transaction facilitation.
• Seller Strategy Property listing and sales representation services for sellers, including pricing strategy, national marketing exposure, buyer targeting, negotiation, and transaction management.
• Bonus Depreciation Consulting Tax advisory service that helps investors understand and leverage 100% bonus depreciation on qualified C-store and convenience store properties for tax deferral.
• Property Listings Marketplace Online portal displaying Secure Net Lease's available net lease investment properties (including 7-Eleven, Starbucks, QSR, and multi-tenant retail centers) with advanced search filters by tenant, price, cap rate, state, and property type.

Quantifiable outcome

• 88% of offerings are new construction leased to nationally known tenants with 10+ years remaining in primary term
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

One partnership is on record.

• X Team Retail AdvisorscoreChannel Partner/ Reseller/ Distributor · 1 January 2024In 2024, SNL partnered with X Team Retail Advisors, gaining access to each of its 40+ offices throughout the country with local leasing expertise and 120+ tenant representation specialists. This partnership expands SNL's tenant representation services and provides local market expertise through X Team's network of retail specialists throughout the U.S. and Canada.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Stan Johnson Company: Boutique net lease investment sales brokerage specializing in single-tenant retail and net lease assets. Closest peer by size and niche focus, competing for the same developer, institutional, and 1031 exchange buyer pool.
• Marcus & Millichap: Largest U.S. investment sales brokerage focused on net lease and commercial real estate. Multiple SNL team members (Russell Smith, Kyle Varni, Cliff Zimmerman, Anthony Pucciarello) came directly from Marcus & Millichap, and the two firms compete head-to-head on single-tenant retail, QSR, and shopping center dispositions nationwide.
• Institutional Property Advisors (IPA): Marcus & Millichap's institutional arm focused on larger multifamily, retail, and net lease investment sales. Competes with SNL for institutional capital on larger portfolio and sale-leaseback transactions.
• SRS Real Estate Partners: National commercial real estate brokerage with one of the largest dedicated net lease investment sales platforms. Competes directly with SNL on single-tenant retail, QSR, and convenience store dispositions across the U.S.

Broad incumbents

• JLL (Jones Lang LaSalle): Global real estate services firm with capital markets capabilities across net lease, retail, and sale-leaseback advisory. Overlaps with SNL on tenant representation and institutional investment sales for larger mandates.
• Cushman & Wakefield: Global commercial real estate services firm with investment sales, capital markets, and tenant representation. Competes with SNL on larger net lease, retail, and sale-leaseback engagements for institutional clients.
• CBRE Group: Global commercial real estate services giant with a substantial capital markets / investment sales platform. Competes with SNL on larger institutional net lease mandates, sale-leasebacks, and portfolio recapitalizations.
• Newmark Group: Commercial real estate investment sales and advisory firm with growing net lease and capital markets capabilities. Competes for mid-market and institutional investment sales mandates that may otherwise go to SNL.
• Colliers International: Global CRE services firm with U.S. capital markets and investment sales capability, including net lease retail and QSR dispositions. Overlaps with SNL on retail tenant rep and sale-leaseback advisory.

Emerging players

• BGL Real Estate Advisors: Investment bank focused on net lease real estate and real estate advisory services. Smaller, specialist competitor overlapping with SNL in convenience store / net lease sale-leaseback advisory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/SecureNetLease
• Facebookfacebook.com/securenetlease
• LinkedInlinkedin.com/company/trivanta

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Secure Net Lease