Company: NNN
Filing Date: 2025-06-24
Form Type: 424B5
Source: 0001193125-25-145374
Chunk: 59

Company: NNN REIT, INC.
Filing Date: 2025-06-24
Form: 424B5
Chunk 59
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 may, however, sell or otherwise dispose for value our properties in the ordinary course of business. Insurance.We, and our subsidiaries, will maintain the customary policies of insurance with responsible companies, taking into consideration prevailing market conditions and availability, for all of our properties and operations. 11

Payment of Taxes and Other Claims.We will pay or discharge or cause to be paid or discharged (or, if applicable, cause to be transferred to bond or other security), before the same shall become delinquent:

| • |     | all taxes, assessments and governmental charges levied or imposed upon us or any of our subsidiaries or upon our 
 income, profits or property or any of our subsidiaries; and                                                      |

| • |     | all lawful claims for labor, materials and supplies which, if unpaid, might by law become a lien upon our 
 property or the property of any of our subsidiaries.                                                      |

We will not however, pay or discharge (or transfer to bond or other security) or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings. Provision of Financial Information.Whether or not we are subject to Section 13 or 15(d) of the Securities Exchange Act of 1934, the Indenture requires that we, within 15 days after each of the respective dates by which we would have been required to file annual reports, quarterly reports and other documents with the SEC, if we were so subject:

| • |     | transmit by mail to all holders of debt securities, as their names and addresses appear in the applicable                                                                                                                                           
 register for such debt securities, without cost to such holders, copies of the annual reports, quarterly reports and other documents that we would have been required to file with the Securities and Exchange Commission pursuant to Section 13 or 
 15(d) of the Securities Exchange Act of 1934, if we were subject to such Sections;                                                                                                                                                                  |

| • |     | file with the trustee copies of the annual reports, quarterly and other documents that we would have been                                                                    
 required to file with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 if we were subject to such Sections; and |

| • |     | supply promptly upon written request and payment of the reasonable cost of duplication and delivery, copies of 
 such documents to any prospective holder of debt securities.                                                   |

Additional Covenants.If we make any additional c