SAN FRANCISCO, CA--(Marketwired - Aug 12, 2015) - National Retail Properties is a real estate investment trust with a strong dividend yield and 25 consecutive years of increased annual dividends.
- Diversified Portfolio of Freestanding Retail Stores Across the U.S.
- Announced 26th Consecutive Increased Annual Dividend in 2015
- 25 Year Average Total Return of 15.1%
- Among the S&P High Yield Dividend Aristocrats Index
- Assets exceeding $5Billion
National Retail Properties Inc. (NYSE: NNN) invests primarily in high-quality retail properties subject generally to long-term, net leases. The Orlando-based company owned 2,138 properties in 47 states with a gross leasable area of about 23.7 million square feet and a weighted average remaining lease term of 11.4 years, as of the end of Q2 2015.
Advisor Access spoke with CEO Craig Macnab about the promise of single-tenant retail properties, the company's commitment to its dividend and how it will continue to be a powerful partner for retailers.
Advisor Access: Describe National Retail's portfolio.
Craig Macnab: National Retail Properties owns a fully diversified portfolio of high-quality, net-lease retail properties located all across the country. We have properties in 47 states, leased to more than 400 different tenants.
It's a fully diversified portfolio -- pretty much whatever retail category you think about is leasing a property from us. These are freestanding properties such as a restaurant -- quick service or causal dinning like Taco Bell or Applebee's -- or a drug store like CVS or convenience stores like BP or a Home Depot or an LA Fitness.
It's a high-quality portfolio that maintains high occupancy with 98.8% of our properties filled. It's a durable, consistent portfolio.
AA: What makes single-tenant retail properties an attractive asset class to invest in?
CM: Most of our properties are located right in front of shopping malls or on very busy streets. These are highly visible properties that are leased to retailers with better sales productivity by being the only store on the property.
When I say they get better sales, you're probably thinking cynically to yourself: Prove it!
The proof is that we are 98.8% occupied. Nationally, on average, retail landlords are about 93% occupied...
Read the complete response to this question and the full interview with CEO John Russell by clicking HERE.
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DISCLOSURE:
National Retail Properties paid Advisor Access to produce and distribute this interview. NNN had final approval of the content and is wholly responsible for the validity of the statements. Opinions expressed are those of NNN and not of Advisor Access or its employees, contractors or owners.