NNN Public Offering of 8 Million Shares

NNN Lease Market News

National Retail Properties, Inc. (NNN) recently issued a public offering of 8 million shares at an average price of $26.07 per share. As a part of the offering, the underwriters have an option of purchasing additional 1.2 million shares within a time period of 30 days.
Consistent with its investment objectives and strategies, National Retail intends to utilize the proceeds generated from the offering to acquire additional assets and repay debts under its credit facility and for other general corporate purposes.
This public offering will enable the company to attain financial flexibility and seize investment opportunities and acquisitions, which go a long way in enhancing top-line growth.

A NNN Investemnt  is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three 'Nets') on the property in addition to any normal fees that are expected under the agreement (rent, etc.). In such a lease, the tenant or lessee is responsible for all costs associated with the repair and maintenance of any common area.
This form of lease is frequently used for commercial freestanding buildings. However, it has also been used in single family residential rental real estate properties.