NNN REIT, Inc.: Update to credit analysis
Our credit view of this issuer reflects its strong operating track record and its long-term leases with high portfolio occupancy, offset by its primarily non-investment grade tenants.National Retail Properties is a real estate investment trust. The company's assets are primarily real estate assets. The company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment.
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