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Sale-Leaseback Criteria
- Single-tenant, net-leased properties
- Lease terms ranging from 5-20 years
- Acquisition sizes from $1 - 100 million
- Prefer top MSAs
- Tenant credit:
- Retail - All credits considered
- Office - Investment grade only
- Industrial - Strong credit
- Primary underwriting focus - real estate fundamentals
Advantages
- All cash acquisitions - no financing contingency
- Quick closings (as little as 30 days)
- Competitive cap rates
- Forward take-out commitments
- Portfolio purchases
The Company
National Retail Properties, Inc. (NYSE: NNN), an equity real estate investment trust, invests in high-quality, freestanding, single-tenant properties subject to long-term, net leases.
The company currently has more than $1 billion in assets and owns, either directly or through investment interests, 350 properties in 39 states with total gross leasable area of approximately 6.7 million square feet. These properties are leased
to 111 tenants in 39 lines of trade.
The company maintains an investment-grade debt rating with the three major rating agencies, Standard & Poor’s, Moody’s and Fitch IBCA, as well as credit facilities of $250 million, which provide immediate access to capital for acquisitions.
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