<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2023 Workiva-->
<!--r:cc419493-35e6-46f4-9767-803617b241a7,g:1e8192d7-3e58-433e-aa8c-fbf0818299fb-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.blueowl.com/role/Cover" xlink:type="simple" xlink:href="osnl-20230731.xsd#Cover"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/Cover" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_e93058c2-76c0-4d19-872b-d723796e69da" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_DocumentType_e93058c2-76c0-4d19-872b-d723796e69da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_281d3278-f206-4ac5-8815-3c3d7b2b9397" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_DocumentPeriodEndDate_281d3278-f206-4ac5-8815-3c3d7b2b9397" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_9c873f60-6e56-45eb-91c1-c97f08c7618d" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_EntityRegistrantName_9c873f60-6e56-45eb-91c1-c97f08c7618d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_662f48ea-38fa-4b63-a4ad-6767abe0688b" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_EntityIncorporationStateCountryCode_662f48ea-38fa-4b63-a4ad-6767abe0688b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_258bcb9a-1240-4362-b680-273c48cbcdd6" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_EntityFileNumber_258bcb9a-1240-4362-b680-273c48cbcdd6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_af6c17b1-f506-43d4-908a-3b8b78ee4a70" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_EntityTaxIdentificationNumber_af6c17b1-f506-43d4-908a-3b8b78ee4a70" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_a5e8990f-94c6-419f-aea2-53be3151258d" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_EntityAddressAddressLine1_a5e8990f-94c6-419f-aea2-53be3151258d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine2_f42e10ae-86e3-4086-81fb-3c71d50ccca8" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine2"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_EntityAddressAddressLine2_f42e10ae-86e3-4086-81fb-3c71d50ccca8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_f84206fb-76a5-4721-a908-40d8807a407e" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_EntityAddressCityOrTown_f84206fb-76a5-4721-a908-40d8807a407e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_418a6431-58cf-4d69-880f-54934c6825a4" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_EntityAddressStateOrProvince_418a6431-58cf-4d69-880f-54934c6825a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_ab8a435f-a581-4d70-8c7e-c64261a7fbc9" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_EntityAddressPostalZipCode_ab8a435f-a581-4d70-8c7e-c64261a7fbc9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_187ec770-a0df-41d9-afcf-1c4a32b249e6" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_CityAreaCode_187ec770-a0df-41d9-afcf-1c4a32b249e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_e347ae6d-a991-4f05-8d9c-dcafeef66742" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_LocalPhoneNumber_e347ae6d-a991-4f05-8d9c-dcafeef66742" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications_eccc31e5-a4c3-434a-8365-94ff1f676872" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_WrittenCommunications_eccc31e5-a4c3-434a-8365-94ff1f676872" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial_e81694d0-3b10-404f-89e5-a85b62cdaed9" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_SolicitingMaterial_e81694d0-3b10-404f-89e5-a85b62cdaed9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer_575806fe-b70e-4ff8-90a5-56bdb5014d80" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_PreCommencementTenderOffer_575806fe-b70e-4ff8-90a5-56bdb5014d80" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_69a726a8-1959-41ea-8bac-5d0101e9eefc" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_69a726a8-1959-41ea-8bac-5d0101e9eefc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_a9e69829-0a1e-48d8-be6c-acc7bc85a08b" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_EntityEmergingGrowthCompany_a9e69829-0a1e-48d8-be6c-acc7bc85a08b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityExTransitionPeriod_ec076ac2-0507-4029-bbc5-3f4fe652bc60" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityExTransitionPeriod"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_EntityExTransitionPeriod_ec076ac2-0507-4029-bbc5-3f4fe652bc60" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_79dbdd2e-a1b4-4ede-82db-58552af35e31" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_AmendmentFlag_79dbdd2e-a1b4-4ede-82db-58552af35e31" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_de266b03-69e5-492c-ae69-ca47540b0870" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_75c23f8f-d0a7-47e2-9040-d88126cf5026" xlink:to="loc_dei_EntityCentralIndexKey_de266b03-69e5-492c-ae69-ca47540b0870" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
