ORLANDO, Fla., Jan. 14 /PRNewswire-FirstCall/ -- National Retail
Properties, Inc. (NYSE: NNN), an equity real estate investment trust,
announced today that 100% of the dividends paid to common and preferred
shareholders in 2008 is classified for federal income tax purposes as a
taxable distribution.  The common stock and preferred series dividends paid
per share are classified as ordinary income as outlined below, of which none
is Qualified Dividend.

                                          Total       Ordinary     Qualified
                          CUSIP#        Dividend       Income       Dividend
                         --------      ----------    ----------   -----------

                                         100.000%     100.000%        0.000%

    Common Stock         637417106     $  1.48000    $ 1.48000     $ 0.00000
    Preferred Series C   637417403     $  1.84375    $ 1.84375     $ 0.00000

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.

CUSIP#: 637417106

CUSIP#: 637417403

SOURCE National Retail Properties, Inc.