Company: NNN
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000950170-25-017472
Chunk: 16

Company: NNN REIT, INC.
Filing Date: 2025-02-11
Form: 10-K
Item: Item 1
Chunk 16
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 is well suited to take advantage of these opportunities because of its experience in accessing capital markets, and its ability to source, underwrite and acquire such properties.

In evaluating a particular acquisition, management may consider a variety of factors, including but not limited to:

•the location, visibility, accessibility, zoning and use restrictions of the property,

•the geographic area and demographic characteristics of the community, 

•the local real estate market conditions, including potential for growth, redevelopment, market rents and existing or potential competing properties or retailers,

•the title status of the property,

•the quality of construction and design of the improvements on the property and the current physical condition of the property, including the size and age of the improvements on the property,

•the potential for, and current extent of, any environmental issues on or around the property,

•the environmental sustainability related factors pertaining to the property,

•the purchase price,

•the non-financial lease terms of the proposed acquisition,

•the availability of funds or other consideration for the proposed acquisition and the cost thereof,

•the compatibility of the property with NNN's existing Property Portfolio,

•the property-level operating history,

•the financial and other characteristics of the existing tenant,

•the tenant's business plan, operating history and management team,

•the tenant's industry,

•the terms of any lease, including the rent to be paid by the tenant,

•any existing debt encumbering the property which may be assumed in connection with acquiring or refinancing these investments, and

•the merits relative to other opportunities.

3

NNN intends to engage in future investment activities in a manner that is consistent with the maintenance of its status as a REIT for federal income tax purposes. Additionally, NNN does not intend to engage in activities that will make NNN an investment company under the Investment Company Act of 1940, as amended.

Investments in Real Estate Mortgages and Securities of or Interests in Entities Engaged in Real Estate Activities

While NNN's primary business objectives emphasize retail properties, NNN may invest in (i) a wide variety of property and tenant types, (ii) leases, mortgages and other types of real estate interests, (iii) loans secured by personal property, (iv) loans secured by partnership or membership interests in partnerships or limited liability companies, respectively, or (v) securities of other REITs, or other issuers, including for the purpose of exercising control over such entities.

Financing Strategy

NNN's financing objective is to manage its capital structure effectively