National Retail Properties, Inc. Announces Pricing of Common Stock Offering

ORLANDO, FL, Sept. 26 /PRNewswire-FirstCall/ -- National Retail Properties, Inc. (NYSE: NNN) today announced the pricing of its follow-on public offering of 3,000,000 shares of common stock at a price of $23.05 per share.

National Retail Properties, Inc. has granted the underwriters a 30-day option to purchase up to 450,000 additional shares to cover over-allotments, if any.

The offering is expected to close on Wednesday, October 1, 2008, subject to customary closing conditions.

Citigroup Global Markets Inc. and Banc of America Securities LLC are acting as joint book-running managers for the offering.

Raymond James & Associates, Inc., Stifel, Nicolaus & Company, BB&T Capital Markets, a division of Scott & Stringfellow, Inc., Janney Montgomery Scott LLC and Morgan Keegan & Company Inc. are acting as co-managers.

The offering is being made pursuant to a prospectus supplement to the prospectus filed with the Securities and Exchange Commission as part of the company's shelf registration statement.

National Retail Properties, Inc. Announces Public Offering of Common Stock

ORLANDO, FL /PRNewswire-FirstCall/ -- National Retail Properties, Inc. (NYSE: NNN) (the "Company") has announced plans to sell 1,750,000 shares of its common stock in a follow-on public offering.

As part of the offering, the Company also plans to grant the underwriters a 30-day option to purchase up to 262,500 additional shares of common stock to cover over-allotments.

Citigroup Global Markets Inc. and Banc of America Securities LLC are acting as joint book-running managers for the offering.

The offering is being made pursuant to a prospectus supplement to the prospectus filed with the Securities and Exchange Commission as part of the company's shelf registration statement.

CONTACT: investorrelations@nnnreit.com