Dividend REITs — National Retail Properties (NNN)
Dividend yield: 4.7%
Next on the list of retirement REITs is a close competitor of Realty Income, National Retail Properties (NNN). Like Realty Income, National Retail is a triple-net retail REIT, hence its ticker symbol. “NNN” represents “triple net.”
Also like Realty Income, NNN has been a serial dividend raiser over the years. The REIT has raised its dividend for 24 consecutive years and counting. NNN sports a current dividend yield of 4.7%, and its payout is plenty safe.
National Retail Properties and Realty Income invest in the same basic types of properties. Your local Walgreen (WAG) pharmacy is a perfect example: a free-standing building in a high-traffic area rented under a long-term lease by a high-quality tenant. These are properties that you can safely bet your retirement on.