Company Description:
National Retail Properties (NYSE: NNN), a real estate investment trust, invests in single-tenant retail properties generally subject to long-term, net leases. As one of only 181 out of the more than 10,000 publicly-traded companies that have increased annual dividends for 18 or more consecutive years, we are a powerful partner for our retail customers and a proven investment for our shareholders. We own a diversified portfolio of 959 properties in 44 states with a total gross leasable area of approximately 11 million square feet. These properties are leased to 199 tenants in 35 industry classifications. A net lease generally places substantial financial and operating responsibilities of property ownership, maintenance and use on the tenant rather than the landlord. Our leases typically provide for attractive initial yields and potential growth in cash flow through a combination of base rents, periodic increases in these base rents and/or percentage rents based upon tenant sales.
National Retail Properties (NYSE: NNN), a real estate investment trust, invests in single-tenant retail properties generally subject to long-term, net leases. As one of only 181 out of the more than 10,000 publicly-traded companies that have increased annual dividends for 18 or more consecutive years, we are a powerful partner for our retail customers and a proven investment for our shareholders. We own a diversified portfolio of 959 properties in 44 states with a total gross leasable area of approximately 11 million square feet. These properties are leased to 199 tenants in 35 industry classifications. A net lease generally places substantial financial and operating responsibilities of property ownership, maintenance and use on the tenant rather than the landlord. Our leases typically provide for attractive initial yields and potential growth in cash flow through a combination of base rents, periodic increases in these base rents and/or percentage rents based upon tenant sales.