NNN is geographically well-diversified, operating in all 50 states with the highest concentrations in top MSAs in the South and Southeast where low-income taxes, warm weather, and lower costs of living have driven outsized population, economic, and tenant growth. NNN’s portfolio is largely comprised of inflation, e-commerce, and recession resistant service and non-discretionary tenants.
Ranked by annualized base rent contribution.
| # | Tenant | % of ABR |
|---|---|---|
| 1 | 7-Eleven | 4.2% |
| 2 | Mister Car Wash | 3.7% |
| 3 | Dave & Buster's | 3.5% |
| 4 | Camping World | 3.4% |
| 5 | Kent Distributors | 2.6% |
| 6 | Flynn Restaurant Group | 2.4% |
| 7 | GPM Investments | 2.3% |
| 8 | AMC Theatres | 2.3% |
| 9 | BJ's Wholesale Club | 2.2% |
| 10 | LA Fitness | 2.1% |
| 11 | Mavis Tire Express Services | 2.0% |
| 12 | Couche-Tard | 2.0% |
| 13 | Sunoco | 1.7% |
| 14 | Chuck E. Cheese | 1.6% |
| 15 | Walgreens | 1.6% |
| 16 | Casey's General Stores | 1.5% |
| 17 | United Rentals | 1.5% |
| 18 | Tidal Wave Auto Spa | 1.4% |
| 19 | Super Star Car Wash | 1.3% |
| 20 | BMW Kar Wash | 1.3% |
Ranked by annualized base rent contribution.
| # | Trade | % of ABR |
|---|---|---|
| 1 | Automotive Service | 18.6% |
| 2 | Convenience Stores | 15.9% |
| 3 | Restaurants – Limited Service | 7.7% |
| 4 | Entertainment | 7.3% |
| 5 | Dealerships | 6.4% |
| 6 | Restaurants – Full Service | 6.3% |
| 7 | Health and Fitness | 3.8% |
| 8 | Theaters | 3.5% |
| 9 | Automotive Parts | 3.2% |
| 10 | Equipment Rental | 3.0% |
| 11 | Wholesale Clubs | 2.2% |
| 12 | Early Childhood Education | 2.2% |
| 13 | Drug Stores | 1.9% |
| 14 | Home Improvement | 1.9% |
| 15 | Discount Retail | 1.9% |
| 16 | Medical Service Providers | 1.7% |
| 17 | Pet Supplies and Services | 1.7% |
| 18 | Furniture | 1.2% |
| 19 | Travel Plazas | 1.1% |
| 20 | Automobile Auctions, Wholesale | 1.1% |
3,774 properties across all 50 states
: Properties
% of Portfolio Base Rent
