National Retail Properties, Inc. Announces Put Option Notification for 3.95% Convertible Senior Notes

National Retail Properties, Inc. NNN today announced that it is notifying holders of its outstanding 3.95% Convertible Senior Notes due 2026 (the "Notes") that, pursuant to the terms of the Notes and the indenture governing the Notes, they have the option to require the Company to purchase, on September 20, 2011, all or a portion of their Notes (the "Put Option") at a price equal to 100% of the principal amount of the Notes, plus any accrued and unpaid interest to, but not including, the Repurchase Date. The Company will pay for any Notes validly surrendered and not validly withdrawn with cash. The opportunity to surrender the Notes for purchase pursuant to the Put Option commences today and expires at 5:00 p.m., New York City time, on September 13, 2011, which is the fifth business day immediately preceding the Repurchase Date. Holders may withdraw any Notes previously surrendered for purchase at any time prior to 5:00 p.m., New York City time, on September 19, 2011, which is the business day immediately prior to the Repurchase Date.