Real estate investment trust (REIT) that invests primarily in single-tenant net lease properties.
NNN REIT Inc focuses its investments on high-quality retail properties primarily secured by long-term, net leases. The company's portfolio, as of September 30, 2020, comprised 3,114 properties spread across 48 states in the United States. These properties collectively encompass approximately 32.4 million square feet of gross leasable area. The leases on these properties have a weighted average remaining term of approximately 10.7 years, highlighting the stability and predictability of its income streams.
NNN REIT Inc specializes in acquiring retail assets that offer stable cash flows due to their tenant structure, which typically involves tenants responsible for property taxes, insurance, and maintenance costs in addition to base rent. This investment strategy aims to provide consistent returns to its shareholders while mitigating operational risks associated with property management.
The company's geographic diversification across 48 states in the U.S. enhances its resilience to regional economic fluctuations, contributing to the overall stability of its real estate portfolio. NNN REIT Inc's strategic approach to property acquisition and management is underpinned by a commitment to maintaining high occupancy rates and maximizing the long-term value of its retail assets.
With a focus on prudent capital allocation and rigorous asset management practices, NNN REIT Inc continues to expand its portfolio strategically. By adhering to its core principles of investing in high-quality retail properties with long-term lease agreements, the company aims to deliver sustainable growth and attractive shareholder returns in the dynamic real estate market.