Exhibit 21.1

List of Subsidiaries of the Registrant

Entity Name
State
GA 2 (Uncasville CT) LLC
Delaware
GA 3 (Sinking Spring PA) LLC
Delaware
GA 5 (Sterling MA) LLC
Delaware
GA NA 1 (Lincoln IL) LLC
Delaware
GA NA 3 (Mount Dora FL) LLC
Delaware
NewLake Capital Partners, Inc.
Maryland
NLCP 1 Oak Hill Rd MA, LLC
Delaware
NLCP 1036 West Dekalb Pike PA, LLC
Delaware
NLCP 1120 Cummins Dr MO, LLC
Delaware
NLCP 1150 North 21St St OH, LLC
Delaware
NLCP 1413 W North IL, LLC
Delaware
NLCP 156 Lincoln MA, LLC
Delaware
NLCP 2229 Diehl IL, LLC
Illinois
NLCP 2301 16th Street Sw ND, LLC
Delaware
NLCP 2400 West US Route 6 IL, LLC
Delaware
NLCP 409 Baltimore Pike PA, LLC
Delaware
NLCP 4645 De Soto CA, LLC
California
NLCP 4758 N. Milwaukee IL, LLC
Illinois
NLCP 500 W Misty Willow Ln AZ, LLC
Delaware
NLCP 511 Industry PA, LLC
Pennsylvania
NLCP 520 Shamokin Street PA LLC
Pennsylvania
NLCP 7 Legion MA, LLC
Delaware
NLCP 717 West Union Ave IL, LLC
Delaware
NLCP 7303 Kanis Rd AR, LLC
Delaware
NLCP 79 Gold Star Hwy CT, LLC
Delaware
NLCP 939 Boston Turnpike MA LLC
Delaware
NLCP 9930 West 190th St IL, LLC
Delaware
NLCP 1645 Crane Way NV, LLC
Delaware
NLCP 740 Ann St PA, LLC
Delaware
NLCP 320 Cool Springs Rd MO, LLC
Delaware
NLCP 502 Dixie Hwy OH, LLC
Delaware
NLCP 910 Downing Ave PA, LLC
Delaware
NLCP Operating Partnership LP
Delaware
NLCP TRS, LLC
Delaware
NLCP 435 Main St. OH, LLC
Delaware
NLCP 200 State ST OH, LLC
Delaware
NLCP 241 Park Ave CT, LLC
Delaware
NLCP 240 W Main ST PA, LLC
Delaware