Yeah, it sounds like the bike was tracked. As long as it wasn't crashed and sustained frame damage you should be fine. I have to admit that its a really nice looking bike, albeit a bit naked!
I did want to offer one bit of advice if you plan to mod the bike and put second hand parts on it (forks, master cylinders, etc). Those parts will be in an unknown condition and if you can, always take apart and rebuild it. Forks, masters, brakes, etc. all need to be rebuilt so that you are sure they will work as intended. Your life depends on their function so please take this advice to heart. If I can help, let me know.