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Aggregate NNN Tenant Portfolio Scoring & Monitoring
| Asset / Name | Sector | Risk Level | Signal | 24h Change |
|---|---|---|---|---|
| Walgreens Boots Alliance | Retail - Pharmacy | Watch | S&P downgrade to BBB-; store closure program (1,200+ locations) | N/A |
| Rite Aid Corporation | Retail - Pharmacy | Restructured | Emerged from Ch. 11 (Oct 2023); reduced footprint, ongoing closures | N/A |
| Big Lots Inc | Retail - Discount | Chapter 11 | Filed Ch. 11 Sept 2024; closing majority of locations | N/A |
| Red Lobster | Restaurant - Casual Dining | Chapter 11 | Filed Ch. 11 May 2024; 100+ closures, lease rejections in process | N/A |
The NNN tenant portfolio maintains a healthy overall score of 74/100, with 62% of holdings rated investment-grade based on publicly disclosed S&P/Moody's ratings. The average remaining lease duration of 8.4 years provides substantial cash flow visibility. A 2.1x rent coverage ratio indicates strong tenant creditworthiness. However, retail sector headwinds require active monitoring, particularly pharmacy (Walgreens store closures, Rite Aid restructuring) and discount retail (Big Lots Ch. 11). Casual dining has also shown stress with Red Lobster's bankruptcy. Diversification away from concentrated retail pharmacy exposure is recommended. Note: All data on this page is illustrative and sourced from public filings and press reports.
The Tenant Health Index concept combines five quantitative factors: investment-grade rating distribution, weighted average lease maturity, debt-to-EBITDA ratios, rent coverage multiples, and bankruptcy signal tracking. Scores shown are illustrative estimates. Watchlist entries are sourced from public Chapter 11 filings, SEC disclosures, and credit rating agency actions. For institutional-grade credit analytics, consult S&P Capital IQ, Moody's Analytics, or CreditRiskMonitor.
The data, risk scores, and analysis on this page are for informational and educational purposes only. They do not constitute investment advice, credit analysis, or a recommendation to buy or sell any security. Risk scores are illustrative estimates based on publicly available information and should not be relied upon as the sole basis for investment decisions. Credit ratings referenced are sourced from public company filings and may not reflect the most current agency ratings. Company names are used for illustrative purposes; their inclusion does not imply any specific investment recommendation or prediction of financial distress. Always consult licensed financial professionals and primary data sources (S&P Global, Moody's, Fitch, SEC EDGAR) before making investment decisions.