Orlando, Florida, November 14, 2014 – National Retail Properties, Inc. (NYSE: NNN) (the “Company”) today announced that it has closed an underwritten public offering of 5,462,500 shares of common stock at a price of $38.16 per share, which includes 712,500 shares sold to the underwriters pursuant to the full exercise of their option to purchase additional shares. The Company estimates that the net proceeds from the offering will be approximately $200.1 million, after deducting the underwriting discount. The Company intends to use the net proceeds from the offering to repay outstanding indebtedness under its credit facility. In addition, the Company intends to use the remainder of the net proceeds from the offering, if any, to fund future property acquisitions and for general corporate purposes.
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