National Retail Properties Inc. Declares Common Dividend

ORLANDO, FL- ‐ The Board of Directors of National Retail Properties,Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 37.5 cents per share payable May 14, 2010 to common shareholders of record on April 30,
2010. The dividend represents an annualized rate of $1.50 per share.

National Retail Properties has paid increased annual dividends per share for 20 consecutive years. It is one of only 156 publicly traded companies in America that have increased annual dividends paid to shareholders for 20 or more consecutive years.

For information contact: Kevin B. Habicht, Chief Financial Officer, (407) 265‐7348