Enroll Now

National Credit Tenants. Long-Term Leases. Generational Wealth.Β 

The complete developer playbook β€” go from never having done a deal to closing your first NNN retail center with a national credit tenant.

New here? Start with the free Resource Library β†’

THE CURRICULUM Β 

8 Modules. 49 Lessons. The Complete Process. Β 

Everything you need to take a retail project from a blank map to a stabilized, performing asset β€” taught in the exact sequence I use at SLX Capital.

01

MODULE 01

The Developer Mindset

How developers actually think β€” and why that shift is the foundation of every deal that follows. Learn the difference between reacting to the market like a broker and creating in it like a developer, and why NNN retail with national credit tenants is the most durable wealth-building structure in real estate.

You'll walk away with:

β—† The full development cycle, from land control to disposition

β—† A clear framework for positioning yourself as a developer before your first deal

β—† The case for why NNN retail is the asset class worth specializing in

Β 02

MODULE 02

Site Selection and Market Analysis

The single highest-leverage decision in development is the site itself. This module walks you through how to read a market the way a developer does β€” trade area demographics, traffic counts, ingress/egress, zoning, and the specific signals national credit tenants are scoring sites on before they'll even take a meeting.

You'll walk away with:

β—† A repeatable method for reading a market the way a developer does

β—† The specific site signals national credit tenants score before taking a meeting

β—† A site selection scorecard you can apply to any market

03

MODULE 03

Tenant Strategy and LOI Negotiation

Tenants are the engine of every NNN deal β€” your rent roll determines your lender, your equity terms, and your eventual exit cap. This module covers how to approach tenant reps, structure your tenant mix, and negotiate the LOI terms that actually drive deal economics.

You'll walk away with:

β—† A clear approach for getting in front of the right tenant reps

β—† The anatomy of an LOI and the deal structures that compound returns

β—† A process for managing the LOI-to-lease handoff without losing leverage

04

MODULE 04

Land Control and Due Diligence

Controlling land before you own it is the developer's superpower. This module covers how to move from a tenant LOI to a land LOI to a PSA, the deal points that actually matter, earnest money strategy, and the due diligence work that separates a deal worth pursuing from one worth walking away from.

You'll walk away with:

β—† A method for tying up a site without overpaying or overcommitting

β—† The due diligence priorities that actually matter β€” and when to kill a deal

β—† An earnest money strategy that protects you throughout the process

05

MODULE 05

Pre-Development and Entitlements

Entitlements are where most first-time developers lose their deal β€” and their capital. This module walks you through the political and procedural reality of getting a site approved: reading the political landscape, building a timeline that holds, and playing the entitlement game without becoming a casualty of it.

You'll walk away with:

β—† A clear-eyed view of what entitlements really involve

β—† A framework for reading a municipality's political dynamics and assembling the right team

β—† An entitlement strategy built to actually get to approval

06

MODULE 06

Deal Underwriting and Pro Forma Construction

The pro forma is where the deal either works or it doesn't β€” and where lenders and equity partners decide whether to back you. This module is a complete walkthrough of how to underwrite an NNN retail deal: sources and uses, interest carry, rent roll modeling, stabilized NOI, and the four return metrics every decision is judged against.

You'll walk away with:

β—† The ability to build a pro forma from scratch, including the four metrics that drive every go/no-go decision

β—† A method for stress-testing your deal before lenders and equity do it for you

β—† Underwriting presentation skills that lenders and equity partners take seriously

07

MODULE 07

Capital Stack Formation and Construction Management

Once the deal is underwritten, it has to get built β€” on time, on budget, and on the terms you modeled. This module covers how to design your capital stack, close your construction loan, select and manage your general contractor, run the draw process, and navigate substantial completion through tenant turnover.

You'll walk away with:

β—† A clear approach for structuring debt and equity to fit the deal

β—† A method for managing your GC and the construction timeline without surprises

β—† The draw process demystified β€” and how to deliver the site cleanly to your tenants

08

MODULE 08

Lease-Up, Disposition, and Scaling Your Business

The first deal is the proof of concept β€” the real wealth is in what you do next. This module covers stabilization, the three exit paths (sell, refinance, or hold), how to position the asset for sale, the 1031 exchange and its compounding power, and how to build from one deal to a full portfolio.

You'll walk away with:

β—† A clean lease-up playbook that gets tenants open and paying

β—† A decision framework for sell vs. refinance vs. hold β€” including how to use 1031 exchanges to compound wealth tax-deferred

β—† The path from your first project to a full portfolio

Β 

NICE TO MEET YOU

Β I'm Pete Stickney

Β 

I'm the Co-Founder of SLX Capital, and over the past 13 years I've built my career around one of the most overlooked corners of commercial real estate: NNN retail development.

Before real estate, I spent a decade building technology startups β€” including Acme Packet, which IPO'd on Nasdaq and was acquired by Oracle. That world taught me how to scale, how to evaluate risk, and how to recognize the rare opportunities that quietly compound into something extraordinary.

It also gave me something most real estate developers don't have: an engineer's mindset. While others approach development project by project, I've spent years systematically refining a repeatable, time-tested process for identifying, underwriting, and developing NNN retail assets β€” the same process we use at SLX Capital today.

The NNN Retail Blueprint is that process β€” distilled, documented, and now in your hands.

"Pete brings a level of rigor to every assumption that you simply don't get from a typical developer."

-Β Evan English, SVP at Vancoe

"Pete breaks down a deal into its components in a way that's genuinely changed how I structure my portfolio."

- Pankaj Midha,Β President at SPAR Information SystemsΒ 

"Pete's perspective on a deal is something you won't find from a typical developer and it makes all the difference."

- Ryan Chowdhury, Managing Director at Fifth Force Management

THE DUE DILIGENCE

NNN Retail Blueprint

The complete developer playbook for building, leasing, and selling NNN retail with national credit tenants β€” from land control to disposition. Taught by Pete Stickney β€” Founder of SLX Capital

Founding Member Price β€” Increases to $5,000 After First Cohort

Stop Trading Time for Money. Start Building Real Estate Wealth.

Most people who want to develop never start β€” not because they lack the money or smarts, but because no one ever showed them the process.

The NNN Retail Blueprint is the process. The same one I use at SLX Capital to develop NNN retail centers leased to Trader Joe's, Chipotle, Sherwin-Williams, and other national credit tenants.

Eight modules. 49 lessons. Plus direct access to me by email throughout the course β€” a founding-cohort exclusive.

Lock in the founding price before the first cohort closes.

Enroll Now β€” $3,997