National Retail Properties, Inc. is a real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased to retail tenants under long-term net leases. It focuses on investing in a range of property and tenant types; leases, mortgages, commercial mortgage residual interests and other types of real estate interests; loans secured by personal property; loans secured by partnerships or membership interests in partnerships or limited liability companies, respectively, and securities of other REITs, or other issuers, for exercising control over such entities. The Company owns approximately 2,038 properties in 47 states in the United States with a gross leasable area of approximately 22,125,000 million square feet. Approximately 99% of the properties in the Company�s property portfolio are leased.