National Retail Properties, Inc.

National Retail Properties, Inc. is an American real estate investment trust headquartered in Orlando, Florida, founded in 1984. The company specializes in owning single-tenant retail properties, such as standalone convenience stores, restaurants and other retail buildings, which it leases to retail chain operators under long-term net leases that typically require the tenant to cover property taxes, insurance and maintenance. This single-tenant, net-lease retail model is a distinct niche within real estate investment, and National Retail Properties has built a large, geographically diversified portfolio of thousands of such properties across the United States.