Quote:
Originally Posted by 96z28ss
I sold the rest of my NLY last week and added to my NNN.
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What I like about NNN (National Retail Properties) is that they're a big box retail lease outfit. They're not leasing to mom and pop operations.... so the rents come in on time and the leases (the buildings) get taken care of. They have quite a good list of big box stores. In a good economy or bad -- most big box stores don't just fold up the tent. Even if a big box retailer scales back - they might close a store but they're still obligated to pay the lease. This has been a good name for a long time and as a REIT is obligated to pass through the bulk of the profit.