Condensed Consolidated Statements Of Earnings (USD $) In Thousands, except Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011		Jun. 30, 2010
Revenues:
Rental income from operating leases	$ 58,154	$ 52,106	$ 115,494		$ 104,025
Earned income from direct financing leases	713	755	1,473		1,519
Percentage rent	132	129	245		184
Real estate expense reimbursement from tenants	2,197	1,591	4,532		3,349
Interest and other income from real estate transactions	543	973	1,181		1,922
Interest income on commercial mortgage residual interests	777	858	1,544		1,907
Total revenues	62,516	56,412	124,469		112,906
Disposition of real estate, Inventory Portfolio:
Gross proceeds		5,600			5,600
Costs		(4,959)			(4,959)
Gain		641			641
Retail operations:
Revenues	12,450	8,696	21,300		15,233
Operating expenses	(11,760)	(8,265)	(20,612)		(14,935)
Net	690	431	688		298
Operating expenses:
General and administrative	6,568	5,775	13,226		11,372
Real estate	4,026	3,143	7,748		6,615
Depreciation and amortization	13,871	11,926	27,395		23,732
Impairment - commercial mortgage residual interests valuation	267	165	396		3,848
Total operating expenses	24,732	21,009	48,765		45,567
Earnings from operations	38,474	36,475	76,392		68,278
Other expenses (revenues):
Interest and other income	(283)	(637)	(625)		(905)
Interest expense	17,512	16,034	35,174		32,024
Total other expenses (revenues)	17,229	15,397	34,549		31,119
Earnings from continuing operations before income tax expense and equity in earnings of unconsolidated affiliate	21,245	21,078	41,843		37,159
Income tax expense	(210)	(223)	(191)		(327)
Equity in earnings of unconsolidated affiliate	104	108	213		214
Earnings from continuing operations	21,139	20,963	41,865		37,046
Earnings (loss) from discontinued operations (Note 7):
Real estate, Investment Portfolio, net of income tax expense	(17)	566	(21)		641
Real estate, Inventory Portfolio, net of income tax expense	147	121	279		261
Total income (loss) from discontinued operations, net of tax, including portion attributable to noncontrolling interest	130	687	258		902
Earnings including noncontrolling interests	21,269	21,650	42,123		37,948
Loss (earnings) attributable to noncontrolling interests:
Continuing operations	67	(489)	93		(346)
Discontinued operations	(33)	45	(93)		(31)
Net loss (income) attributable to noncontrolling interest	34	(444)			(377)
Net earnings attributable to NNN	21,303	21,206	42,123		37,571
Net earnings attributable to NNN	21,303	21,206	42,123		37,571
Series C preferred stock dividends	(1,696)	(1,696)	(3,392)	[1]	(3,392)	[1]
Net earnings available to common stockholders	$ 19,607	$ 19,510	$ 38,731		$ 34,179
Basic:
Continuing operations	$ 0.23	$ 0.22	$ 0.46		$ 0.40
Discontinued operations	$ 0.00	$ 0.01	$ 0.00		$ 0.01
Net earnings	$ 0.23	$ 0.23	$ 0.46		$ 0.41
Diluted:
Continuing operations	$ 0.23	$ 0.22	$ 0.46		$ 0.40
Discontinued operations	$ 0.00	$ 0.01	$ 0.00		$ 0.01
Net earnings	$ 0.23	$ 0.23	$ 0.46		$ 0.41
Weighted average number of common shares outstanding:
Basic	84,409,788	82,694,624	83,771,728		82,589,917
Diluted	84,725,968	82,825,423	84,271,352		82,717,975

[1] The Series C preferred stock has no maturity date and will remain outstanding unless redeemed.