NNN REIT, INC. — Director's Dealing 2010

Feb 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL RETAIL PROPERTIES, INC. (NNN)
CIK: 0000751364
Period of Report: 2010-02-17

Reporting Person: HABICHT KEVIN B (Director, EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-17	Common Stock	A	35344	$20.39	Acquired	286492	Direct

Footnotes

F1: The grant provides for a cliff vesting whereby 100% of the shares will vest at the end of a three year period ending in 2013. The Reporting Person has voting and dividend rights on all of these shares, including unvested shares.