ORLANDO, FL (REIT Media) January 15, 2009 - 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 February 16, 2009 to common shareholders of record on January 30, 2009. The dividend represents an annualized rate of $1.50 per share. National Retail Properties has paid increased annual dividends per share for 19 consecutive years and is one of only 170 publicly traded companies in America that have increased annual dividends paid to shareholders for 19 or more consecutive years.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2008, the company owned 990 Investment properties in 44 states with a gross leasable area of approximately 11 million square feet. For more information on the company, visit www.nnnreit.com .