As of December 31, 2019, the company owned 3,118 properties containing 32.5 million square feet, 17.6% of the company's revenue was from properties in Texas, and 8.8% of the company's revenue was from properties in Florida.[1]
Historyedit
The company was formed in 1984 as Golden Corral Realty Corp. as a way for the owners of the Golden Corral restaurant chain to allow employees to invest in the company.[2][3]
In 1993, the company split from Golden Corral, and changed its name to Commercial Net Lease Realty.[2] The company also moved its listing to the New York Stock Exchange.[4]
On January 1, 1998, the company merged with its former external adviser, CNL Realty Advisor Inc., and became a self-advised, self-managed REIT.[5]
In February 2004, Craig Macnab was named chief executive officer of the company.[6] In May 2004, he was also named president.[7]
In 2005, the company acquired National Properties Corporation for $61 million.[8]
In May 2006, the company changed its name to National Retail Properties, Inc.[9]
In 2015, the company acquired 19 Frisch's restaurants in the Cincinnati, Ohio area for $47 million in a leaseback transaction.[10]
In April 2017, Craig Macnab retired and Jay Whitehurst became CEO & President of the company.[11][12]
^"Commercial Net Lease Realty, Inc. Appoints New Chief Executive Officer; Industry Veteran Joins Leadership Team" (Press release). Business Wire. February 17, 2004.
^"Commercial Net Lease Realty, Inc. Announces Retirement of President and Chief Operating Officer" (Press release). Business Wire. May 3, 2004.
^"Commercial Net Lease Realty, Inc. Agrees to Acquire National Properties Corporation" (Press release). Business Wire. January 18, 2005.
^Demeropolis, Tom (September 14, 2015). "New owner sells Frisch's real estate for $47 million". American City Business Journals.
^"Craig Macnab To Retire As CEO Of National Retail Properties, Inc.; Julian E. ("Jay") Whitehurst Named As Successor" (Press release). PR Newswire. September 29, 2016.
^Arnold, Kyle (September 30, 2016). "National Retail CEO Craig Macnab announces retirement". The Orlando Sentinel.
External linksedit
Official website
Business data for NNN Reit, Inc.:
Bloomberg
Google
Reuters
SEC filings
Yahoo!
March 15, 2024
reit, real, estate, investment, trust, that, invests, primarily, high, quality, properties, that, subject, long, term, leases, organized, maryland, with, principal, office, orlando, florida, formerlynational, retail, properties, company, typepublic, companytra. NNN Reit Inc is a real estate investment trust that invests primarily in high quality properties that are subject to long term NNN leases It is organized in Maryland with its principal office in Orlando Florida 1 NNN Reit Inc FormerlyNational Retail Properties Inc Company typePublic companyTraded asNYSE NNNS amp P 400 componentIndustryReal estate investment trustFoundedOctober 1984 39 years ago 1984 10 as Golden Corral Realty Corp HeadquartersOrlando Florida U S Key peopleJulian E Whitehurst CEO amp President Don DeFosset Chairman Kevin B Habicht CFO ProductsFreestanding retail propertiesRevenueUS 0 674 billion 2019 Net incomeUS 0 299 billion 2019 Total assetsUS 8 500 billion 2019 Total equityUS 4 332 billion 2019 Number of employees70 2020 Websitewww wbr nnnreit wbr comFootnotes references 1 As of December 31 2019 the company owned 3 118 properties containing 32 5 million square feet 17 6 of the company s revenue was from properties in Texas and 8 8 of the company s revenue was from properties in Florida 1 History editThe company was formed in 1984 as Golden Corral Realty Corp as a way for the owners of the Golden Corral restaurant chain to allow employees to invest in the company 2 3 In 1993 the company split from Golden Corral and changed its name to Commercial Net Lease Realty 2 The company also moved its listing to the New York Stock Exchange 4 On January 1 1998 the company merged with its former external adviser CNL Realty Advisor Inc and became a self advised self managed REIT 5 In February 2004 Craig Macnab was named chief executive officer of the company 6 In May 2004 he was also named president 7 In 2005 the company acquired National Properties Corporation for 61 million 8 In May 2006 the company changed its name to National Retail Properties Inc 9 In 2015 the company acquired 19 Frisch s restaurants in the Cincinnati Ohio area for 47 million in a leaseback transaction 10 In April 2017 Craig Macnab retired and Jay Whitehurst became CEO amp President of the company 11 12 References edit a b c National Retail Properties Inc 2019 Form 10 K Annual Report U S Securities and Exchange Commission a b DeGross Renee June 1 2006 The Name Game National Real Estate Investor Corporate Notes The New York Times August 17 1984 Commercial Net Realty Applies For Nyse Listing Orlando Sentinel December 2 1993 Mishra Upendra May 1 1998 The Best Things In Life Are Freestanding National Real Estate Investor Commercial Net Lease Realty Inc Appoints New Chief Executive Officer Industry Veteran Joins Leadership Team Press release Business Wire February 17 2004 Commercial Net Lease Realty Inc Announces Retirement of President and Chief Operating Officer Press release Business Wire May 3 2004 Commercial Net Lease Realty Inc Agrees to Acquire National Properties Corporation Press release Business Wire January 18 2005 Commercial Net Lease Realty changing names American City Business Journals April 28 2006 Demeropolis Tom September 14 2015 New owner sells Frisch s real estate for 47 million American City Business Journals Craig Macnab To Retire As CEO Of National Retail Properties Inc Julian E Jay Whitehurst Named As Successor Press release PR Newswire September 29 2016 Arnold Kyle September 30 2016 National Retail CEO Craig Macnab announces retirement The Orlando Sentinel External links editOfficial website Business data for NNN Reit Inc BloombergGoogleReutersSEC filingsYahoo Retrieved from https en wikipedia org w index php title NNN Reit amp oldid 1210277147, wikipedia, wiki, book, books, library,
