National Retail Properties, Inc. Declares Common Dividend

ORLANDO, Fla., July 15 /PRNewswire-FirstCall/ -- The Board of Directors of National Retail Properties, Inc. , a real estate investment trust, declared a quarterly dividend of 37.5 cents per share payable August 15, 2008 to common shareholders of record on July 31, 2008. National Retail Properties has paid increased annual dividends per share for 18 consecutive years and is one of only 181 publicly traded companies in America that have increased annual dividends paid to shareholders for 18 or more consecutive years.

NNN acquires, owns, invests in, manages and develops properties that are leased primarily to retail tenants under long-term net leases. As of March 31, 2008, NNN owned 931 Investment Properties, with an aggregate leasable area of 11 million square feet, located in 44 states. For more information on the Company, visit http://www.nnnreit.com/ .

CONTACT: Kevin B. Habicht, Chief Financial Officer of National Retail Properties, Inc., +1-407-265-7348

Web site: http://www.nnnreit.com/

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