NNN REIT
20 named things its latest annual report says its results depend on, each in the company's own words. 12 of them are also named by other companies we've read.
Customers
7-Eleven
earns from · 4.3%named as a risk17.8% of the Property Portfolio annual base rent is generated from five tenants: 7-Eleven (4.3%), Mister Car Wash (3.8%), Dave & Buster's (3.6%), Camping World (3.5%) and Kent Distributors (2.6%), andRisk factors (Item 1A)
Mister Car Wash
earns from · 3.8%named as a risk17.8% of the Property Portfolio annual base rent is generated from five tenants: 7-Eleven (4.3%), Mister Car Wash (3.8%), Dave & Buster's (3.6%), Camping World (3.5%) and Kent Distributors (2.6%), andRisk factors (Item 1A)
Dave & Buster's
earns from · 3.6%named as a risk17.8% of the Property Portfolio annual base rent is generated from five tenants: 7-Eleven (4.3%), Mister Car Wash (3.8%), Dave & Buster's (3.6%), Camping World (3.5%) and Kent Distributors (2.6%), andRisk factors (Item 1A)
Camping World
earns from · 3.5%named as a risk17.8% of the Property Portfolio annual base rent is generated from five tenants: 7-Eleven (4.3%), Mister Car Wash (3.8%), Dave & Buster's (3.6%), Camping World (3.5%) and Kent Distributors (2.6%), andRisk factors (Item 1A)
Kent Distributors
earns from · 2.6%named as a risk17.8% of the Property Portfolio annual base rent is generated from five tenants: 7-Eleven (4.3%), Mister Car Wash (3.8%), Dave & Buster's (3.6%), Camping World (3.5%) and Kent Distributors (2.6%), andRisk factors (Item 1A)
Partners and platforms
Other companies
Convenience store industry
concentrated in · 16.3%named as a risk63.0% of the Property Portfolio annual base rent is generated from tenants in six lines of trade: automotive service (18.6%), convenience stores (16.3%), restaurants (including full and limited service) (14.3%), entertainment (7.2%) and dealerships (6.6%), andRisk factors (Item 1A)
Also named by O
Automotive service industry
concentrated in · 18.6%named as a risk63.0% of the Property Portfolio annual base rent is generated from tenants in six lines of trade: automotive service (18.6%), convenience stores (16.3%), restaurants (including full and limited service) (14.3%), entertainment (7.2%) and dealerships (6.6%), andRisk factors (Item 1A)
Restaurant industry
concentrated in · 14.3%named as a risk63.0% of the Property Portfolio annual base rent is generated from tenants in six lines of trade: automotive service (18.6%), convenience stores (16.3%), restaurants (including full and limited service) (14.3%), entertainment (7.2%) and dealerships (6.6%), andRisk factors (Item 1A)
Consumer Price Index
exposed to its priceNNN's leases provide for annual base rental payments (payable in monthly installments) ranging from $11,000 to $4,085,000 (average of $256,000), the majority of which include negotiated increases in rent as a result of increases in the Consumer Price Index or fixed increases.Business (Item 1)
Places
Texas
concentrated in · 18.4%named as a risk40.9% of the Property Portfolio annual base rent is generated from properties located in five states: Texas (18.4%), Florida (8.7%), Illinois (5.1%), Georgia (4.5%) and Ohio (4.2%).Risk factors (Item 1A)
Also named by ABR, AFRM, ALLY, AN, ASO, ASTS, ATO, AXP and 70 more
Florida
concentrated in · 8.7%named as a risk40.9% of the Property Portfolio annual base rent is generated from properties located in five states: Texas (18.4%), Florida (8.7%), Illinois (5.1%), Georgia (4.5%) and Ohio (4.2%).Risk factors (Item 1A)
Also named by ABR, ALLY, AN, AXP, AZO, BBY, BJ, BRO and 54 more
Georgia
concentrated in · 4.5%named as a risk40.9% of the Property Portfolio annual base rent is generated from properties located in five states: Texas (18.4%), Florida (8.7%), Illinois (5.1%), Georgia (4.5%) and Ohio (4.2%).Risk factors (Item 1A)
Also named by ABR, ACHR, AXP, BRO, CNC, ELV, IMKTA, MKL and 7 more
Ohio
concentrated in · 4.2%named as a risk40.9% of the Property Portfolio annual base rent is generated from properties located in five states: Texas (18.4%), Florida (8.7%), Illinois (5.1%), Georgia (4.5%) and Ohio (4.2%).Risk factors (Item 1A)
Also named by AM, AR, BBSI, CINF, DRVN, ELV, FE, INTC and 6 more
Illinois
concentrated in · 5.1%named as a risk40.9% of the Property Portfolio annual base rent is generated from properties located in five states: Texas (18.4%), Florida (8.7%), Illinois (5.1%), Georgia (4.5%) and Ohio (4.2%).Risk factors (Item 1A)
Also named by AEE, ALL, AWK, CASY, CINF, DRVN, FPI, NRP and 4 more
Hazards
Environmental contamination (petroleum underground storage tanks)
67 Propertiesnamed as a riskAs of January 30, 2026, NNN had 67 Properties currently under some level of environmental remediation and/or monitoring.Business (Item 1)
Hurricanes
operates innamed as a riskAlthough the Properties are generally insured, there are types of losses (such as from hurricanes, floods, earthquakes or other types of natural disasters or wars, terrorism or other acts of violence) which may be uninsurable, self-insured by tenants or the cost of insuring against these losses may not be economically justifiable in the opinion of tenants or NNN.Risk factors (Item 1A)
Also named by AIG, AN, ASO, BAC, BBY, BJ, BPOP, BRO and 89 more
Laws and programs
Americans with Disabilities Act of 1990
subject tonamed as a riskThe Properties, as commercial facilities, are required to comply with Title III of the Americans with Disabilities Act of 1990 and similar state and local laws and regulations (collectively, the "ADA").Business (Item 1)
REIT qualification under Internal Revenue Code Sections 856-860
subject tonamed as a riskIf NNN fails to qualify as a REIT in any taxable year, it will be subject to federal income tax on its taxable income at regular corporate rates and will not be permitted to qualify for treatment as a REIT for federal income tax purposes for the four years following the year during which qualification is lost.Business (Item 1)