National Retail Properties Prices 4.75M Shares At $38.16/Share, Will Use Proceeds To Repay Debt Under Credit Line

National Retail Properties, Inc.(NYSE: NNN) (the "Company") today announced that it has priced an underwrittenpublic offering of 4,750,000 shares of common stock at a price of $38.16 pershare. As part of the offering, the Company granted the underwriters a 30-dayoption to purchase up to 712,500 additional shares of common stock. Theoffering is expected to close on November 14, 2014, subject to thesatisfaction of customary closing conditions.BofA Merrill Lynch, Wells Fargo Securities and Morgan Stanley will act asjoint book-running managers for the offering. Citigroup, RBC Capital Marketsand Raymond James are acting as co-lead managers for the offering. Stifel,BB&T Capital Markets, Capital One Securities, PNC Capital Markets LLC,SunTrust Robinson Humphrey and Piper Jaffray are acting as senior co-managersfor the offering. Finally, Baird, FBR and Ladenburg Thalmann are acting asco-managers for the offering.The Company intends to use the net proceeds from this offering to repayoutstanding indebtedness under its credit facility. In addition, the Companyintends to use the remainder of the net proceeds from this offering, if any,to fund future property acquisitions and for general corporate purposes.This offering is being made pursuant to an effective shelf registrationstatement and prospectus and related prospectus supplement to be filed withthe Securities and Exchange Commission. This press release shall notconstitute an offer to sell or the solicitation of an offer to buy anysecurities nor shall there be any sale of these securities in any state orjurisdiction in which such offer, solicitation or sale would be unlawful priorto registration or qualification under the securities laws of any such stateor jurisdiction. When available, copies of the prospectus supplement andrelated prospectus for this offering may be obtained from BofA Merrill Lynch,Wells Fargo Securities and Morgan Stanley. Any requests can be made bycontacting BofA Merrill Lynch, 222 Broadway, New York, New York 10038, attn:Prospectus Department, or email: dg.prospectus_requests@baml.com; Wells FargoSecurities, 375 Park Avenue, New York, NY 10152, attn: Equity SyndicateDepartment, telephone: 1-800-326-5897 or email:cmclientsupport@wellsfargo.com; or Morgan Stanley, 180 Varick Street, NewYork, NY 10014 attn: Prospectus Department.National Retail Properties invests primarily in high-quality retail propertiessubject generally to long-term, net leases. As of September 30, 2014, thecompany owned 2,038 Investment Properties in 47 states with a gross leasablearea of approximately 22.1 million square feet. Statements in this press release that are not strictly historical are"forward-looking" statements.  Forward-looking statements involve known andunknown risks, which may cause the Company's actual future results to differmaterially from expected results. For example, the fact that this offering haspriced may imply that this offering will close, but the closing is subject toconditions customary in transactions of this type and may be delayed or maynot occur at all. No assurance can be given that the offering discussed abovewill be completed on the terms described or at all, or that the net proceedsof the offering will be used as indicated. Completion of the offering on theterms described and the application of the net proceeds of the offering aresubject to numerous possible events, factors and conditions, many of which arebeyond the control of the Company and not all of which are known to us. Theserisks include, among others, general economic conditions, local real estateconditions, changes in interest rates, increases in operating costs, thepreferences and financial condition of our tenants, the availability ofcapital, risks related to our status as a REIT, and the profitability of theCompany's taxable subsidiary.  Additional information concerning these andother factors that could cause actual results to differ materially from thoseforward-looking statements is contained from time to time in the Company'sSecurities and Exchange Commission ("SEC") filings, including, but not limitedto, the Company's Annual Report on Form 10-K. Copies of each filing may beobtained from the Company or the SEC. Such forward-looking statements shouldbe regarded solely as reflections of the Company's current operating plans andestimates. The Company undertakes no obligation to publicly release theresults of any revisions to these forward-looking statements that may be madeto reflect events or circumstances after the date these statements were made.