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United States securities and exchange commission logo





                            July 9, 2020

       Mark Manheimer
       President and Chief Executive Officer
       NetSTREIT Corp.
       5910 N. Central Expressway
       Suite 1600
       Dallas, TX 75206

                                                        Re: NetSTREIT Corp.
                                                            Amendment No. 1 to
Draft Registration Statement on Form S-11
                                                            Submitted June 23,
2020
                                                            CIK No. 0001798100

       Dear Mr. Manheimer:

             We have reviewed your amended draft registration statement and
have the following
       comments. In some of our comments, we may ask you to provide us with
information so we
       may better understand your disclosure.

              Please respond to this letter by providing the requested
information and either submitting
       an amended draft registration statement or publicly filing your
registration statement on
       EDGAR. If you do not believe our comments apply to your facts and
circumstances or do not
       believe an amendment is appropriate, please tell us why in your
response.

             After reviewing the information you provide in response to these
comments and your
       amended draft registration statement or filed registration statement, we
may have additional
       comments.

       Amendment No. 1 to Draft Registration Statement submitted June 23, 2020

       Diversification by Industry, Tenant and Geography with Concentration in
Necessity, Discount
       and/or Service Industries, page 8

   1.                                                   We note that you
include casual dining and automotive services in your calculation of

defensive/necessity-based renters. Please explain how management takes into
                                                        consideration the
impact that Covid-19 has had on these types of entities when including
                                                        them as part of your
defensive/necessity-based portfolio.
 Mark Manheimer
FirstName
NetSTREITLastNameMark  Manheimer
              Corp.
Comapany
July 9, 2020NameNetSTREIT Corp.
July 9,2 2020 Page 2
Page
FirstName LastName
Risk Factors
The current pandemic of COVID-19 . . . , page 19

2.       We note your response to comment 7. Please revise your disclosure to
clarify whether the
         rent deferrals and rent abatements you have provided are focused in a
particular industry
         to which you rent.
Distribution Policy, page 64

3.       We note your response to comment 9 and your revised disclosure in
footnote (3)
         to your calculation of cash available for distribution, which
indicates that the adjustment
         for the net effect of straight-line rent for tenant leases does not
give effect to rent deferrals
         or abatements subsequent to March 30, 2020. Please revise your
calculation to include the
         effect of rent deferrals, abatements or any other rent concession that
would impact your
         calculation of cash available for distribution for the twelve month
period or tell us why
         you do not believe such revision is necessary.
Non-GAAP Financial Measures, page 95

4.       Please describe the types and amounts of costs included in your public
company readiness
         costs adjustment and disclose this information within your amended
filing.
Our Real Estate Portfolio , page 109

5.       We note your response to comment 5 and the revisions made on pages iv
to v. Please
         revise the chart on pages 111 to 112 to provide the average effective
annual rental per
         square foot and clarify how your rental disclosures take into account
tenant concessions
         and abatements.
        You may contact Isaac Esquivel at 202-551-3395 or Shannon Menjivar at
202-551-3856
if you have questions regarding comments on the financial statements and
related matters.
Please contact Stacie Gorman at 202-551-3585 or Erin E. Martin at 202-551-3391
with any other
questions.



                                                                  Sincerely,

                                                                  Division of
Corporation Finance
                                                                  Office of
Real Estate & Construction
cc:      Christina T. Roupas, Esq.
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