Building Wealth Through Net Lease Real Estate with Todd Stender

Mission Matters Money with Adam Torres15mApril 9, 2026

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AI-Generated Summary

In this episode of Mission Matters Money, host Adam Torres welcomes Todd Stender, Managing Director at L&L Capital, to discuss building wealth through net lease real estate investing. Todd shares his journey from childhood experiences helping with family properties in New Jersey to a Wall Street career as an equity analyst covering REITs post-GFC, where he gained deep insight into commercial real estate dynamics. He explains how L&L Capital specializes in private credit within the net lease space—providing construction, bridge, and mezzanine financing for developers building high-traffic, long-term leased properties like fast-food drive-thrus, 7-Elevens, and convenience stores. The conversation highlights the stability of triple net leases, with 15-year contracts and rent escalations that hedge against inflation, making them attractive for investors seeking predictable income and tax efficiency. Todd emphasizes the firm’s nationwide approach, with growing interest from U.S., Canadian, and international high-net-worth investors and institutions, especially as interest rates stabilize. He also discusses the strategic positioning of net lease real estate as a compelling alternative asset class within diversified portfolios.

Key Takeaways
1

Net lease real estate offers long-term, stable income with rent escalations that protect against inflation.

2

L&L Capital focuses on private credit for developers building essential, high-traffic properties like fast-food restaurants and convenience stores.

3

The net lease model shifts most operating expenses to the tenant, creating a highly passive and predictable income stream for investors.

4

Geographic diversification is key—L&L Capital invests across all 50 U.S. states, with growing interest in Sun Belt regions due to population migration.

5

Net lease real estate is an ideal alternative asset class for institutional and high-net-worth investors seeking stability beyond traditional stocks and bonds.

Chapters
0:00
2 min

Introduction and Guest Welcome

Adam Torres introduces the episode and welcomes Todd Stender, Managing Director at L&L Capital, setting the stage for a discussion on net lease real estate investing.

1:50
4 min

Todd's Early Real Estate Roots

Todd shares his childhood experience managing family properties in New Jersey, starting at age 10–11, which laid the foundation for his lifelong connection to real estate.

5:30
5 min

Wall Street Career and REIT Analysis

Todd recounts his transition from hands-on property work to a Wall Street equity analyst role covering REITs post-GFC, gaining insight into commercial real estate during a volatile recovery period.

10:00
4 min

The Rise of Net Lease Real Estate

You've got this 15-year lease, your tenant is in place, you know what the rent's going to be for the next 15 years. Rent goes up definitely most often annually, sometimes every five years. So you'll probably get either 2% every year or 10% every five years. And so by the rent going up, it keeps up with inflation.

Highlight
14:10
3 min

Portfolio Fit and Investor Appeal

Todd discusses how net lease real estate fits into modern investment portfolios as a stable, tax-efficient alternative asset class with inflation protection and strong income generation.

High-Impact Quotes
You've got this 15-year lease, your tenant is in place, you know what the rent's going to be for the next 15 years. Rent goes up definitely most often annually, sometimes every five years. So you'll probably get either 2% every year or 10% every five years. And so by the rent going up, it keeps up with inflation.
Todd Stender8:11
Viral: 85.0
There's a huge opportunity in the U.S. to consolidate this real estate because there are so many properties that you and I and everyone listening drives by every day.
Todd Stender8:39
Viral: 80.0
It was tough because investors were cautious. They got burned real estate.
Todd Stender3:50
Viral: 75.0
Speakers

Host

Adam Torres

Guest

Todd Stender
Topics Discussed
Net Lease Real Estate95%Commercial Real Estate Investing90%Passive Income Strategies85%Alternative Investments80%REITs and Equity Analysis75%Inflation Protection70%Private Credit Financing70%Geographic Diversification65%
People & Brands

L&L Capital

organization

15xPositive

Todd Stender

person

12xPositive

Adam Torres

person

10xPositive

REITs

other

8xNeutral

Triple Net Lease

other

6xPositive

Mission Matters Money

media

5xPositive

Global Financial Crisis

other

4xNeutral

New Jersey

place

3xNeutral

Wall Street

organization

3xNeutral

7-Eleven

brand

3xPositive

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