COMMERCIAL NET LEASE REALTY INC
CIK 751364 · View on SEC EDGAR ↗
First SEC filing: Dec. 5, 2005 · Latest: Dec. 5, 2005
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NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements. It is organized in Maryland with its principal office in Orlando, Florida.
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NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements. It is organized in Maryland with its principal office in Orlando, Florida.
As of December 31, 2019, the company owned 3,118 properties containing 32.5 million square feet, 17.6% of the company's revenue was from properties in Texas, and 8.8% of the company's revenue was from properties in Florida.
## History
The company was formed in 1984 as Golden Corral Realty Corp. as a way for the owners of the Golden Corral restaurant chain to allow employees to invest in the company.
In 1993, the company split from Golden Corral, and changed its name to Commercial Net Lease Realty. The company also moved its listing to the New York Stock Exchange.
On January 1, 1998, the company merged with its former external adviser, CNL Realty Advisor Inc., and became a self-advised, self-managed REIT.
In February 2004, Craig Macnab was named chief executive officer of the company. In May 2004, he was also named president.
In 2005, the company acquired National Properties Corporation for $61 million.
In May 2006, the company changed its name to National Retail Properties, Inc.
In 2015, the company acquired 19 Frisch's restaurants in the Cincinnati, Ohio area for $47 million in a leaseback transaction. Eventually, they acquired the majority of the restaurants.
In April 2017, Craig Macnab retired and Jay Whitehurst became CEO & President of the company.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
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Insider transactions
Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted
No open-market trades on record; showing all filings.
| Date | Ticker | Code | Shares | Price | Value | Owned after | Δ own | A/D | vs now |
|---|---|---|---|---|---|---|---|---|---|
| Dec. 1, 2005 | NNN | A | 50,383 | $20.26 | $1,020,760 | 174,083 Direct | +40.73% | Acquired | 127.4% (price as of 2026-08-21) |
| Dec. 1, 2005 | NNN | A | 22,651 | $20.26 | $458,909 | 222,984 Direct | +11.31% | Acquired | 127.4% (price as of 2026-08-21) |
| Dec. 1, 2005 | NNN | A | 22,651 | $20.26 | $458,909 | 91,700 Direct | +32.80% | Acquired | 127.4% (price as of 2026-08-21) |
| Dec. 1, 2005 | NNN | A | 15,083 | $20.26 | $305,582 | 129,603 Direct | +13.17% | Acquired | 127.4% (price as of 2026-08-21) |
| Oct. 31, 2005 | NNN | A | 500 | $19.18 | $9,590 | 24,175 Direct | +2.11% | Acquired | 140.2% (price as of 2026-08-21) |
| Oct. 31, 2005 | NNN | A | 500 | $19.18 | $9,590 | 18,675 Direct | +2.75% | Acquired | 140.2% (price as of 2026-08-21) |
| Oct. 31, 2005 | NNN | A | 1,187 | $19.18 | $22,767 | 12,884 Direct | +10.15% | Acquired | 140.2% (price as of 2026-08-21) |
| Oct. 31, 2005 | NNN | A | 1,204 | $19.18 | $23,093 | 9,383 Direct | +14.72% | Acquired | 140.2% (price as of 2026-08-21) |
| Oct. 31, 2005 | NNN | A | 1,179 | $19.18 | $22,613 | 11,429 Direct | +11.50% | Acquired | 140.2% (price as of 2026-08-21) |
P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding
Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.