Condensed Consolidated Statements Of Earnings (USD $) In Thousands, except Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011		Sep. 30, 2010
Revenues:
Rental income from operating leases	$ 62,969	$ 52,342	$ 177,864		$ 155,686
Earned income from direct financing leases	659	746	2,131		2,265
Percentage rent	229	196	476		367
Real estate expense reimbursement from tenants	2,440	1,620	6,868		4,865
Interest and other income from real estate transactions	381	601	1,545		2,551
Interest income on commercial mortgage residual interests	782	798	2,325		2,705
Total revenues	67,460	56,303	191,209		168,439
Disposition of real estate, Inventory Portfolio:
Gross proceeds					5,600
Costs					(4,959)
Gain					641
Retail operations:
Revenues	12,402	9,225	33,702		24,458
Operating expenses	(11,563)	(8,579)	(32,175)		(23,513)
Net	839	646	1,527		945
Operating expenses:
General and administrative	7,036	5,927	20,261		17,299
Real estate	4,459	2,908	12,055		9,401
Depreciation and amortization	14,947	11,817	42,215		35,422
Impairment - commercial mortgage residual interests valuation			396		3,848
Total operating expenses	26,442	20,652	74,927		65,970
Earnings from operations	41,857	36,297	117,809		104,055
Other expenses (revenues):
Interest and other income	(457)	(332)	(1,083)		(1,170)
Interest expense	20,086	16,501	55,260		48,524
Total other expenses (revenues)	19,629	16,169	54,177		47,354
Earnings from continuing operations before income tax expense and equity in earnings of unconsolidated affiliate	22,228	20,128	63,632		56,701
Income tax expense	(68)	(170)	(258)		(497)
Equity in earnings of unconsolidated affiliate	109	107	321		320
Earnings from continuing operations	22,269	20,065	63,695		56,524
Earnings (loss) from discontinued operations (Note 8):
Real estate, Investment Portfolio, net of income tax expense	268	1,134	686		2,363
Real estate, Inventory Portfolio, net of income tax expense	71	(5)	350		256
Total income (loss) from discontinued operations, net of tax, including portion attributable to noncontrolling interest	339	1,129	1,036		2,619
Earnings including noncontrolling interests	22,608	21,194	64,731		59,143
Loss (earnings) attributable to noncontrolling interests:
Continuing operations	20	(17)	113		(363)
Discontinued operations	4	33	(89)		2
Net loss (income) attributable to noncontrolling interest	24	16	24		(361)
Net earnings attributable to NNN	22,632	21,210	64,755		58,782
Net earnings attributable to NNN	22,632	21,210	64,755		58,782
Series C preferred stock dividends	(1,696)	(1,696)	(5,089)	[1]	(5,089)	[1]
Net earnings available to common stockholders	$ 20,936	$ 19,514	$ 59,666		$ 53,693
Basic:
Continuing operations	$ 0.23	$ 0.22	$ 0.69		$ 0.62
Discontinued operations	$ 0.01	$ 0.01	$ 0.01		$ 0.03
Net earnings	$ 0.24	$ 0.23	$ 0.70		$ 0.65
Diluted:
Continuing operations	$ 0.23	$ 0.22	$ 0.68		$ 0.62
Discontinued operations	$ 0.01	$ 0.01	$ 0.01		$ 0.03
Net earnings	$ 0.24	$ 0.23	$ 0.69		$ 0.65
Weighted average number of common shares outstanding:
Basic	87,109,406	82,779,476	84,896,946		82,638,786
Diluted	87,788,250	82,915,376	85,438,870		82,769,556

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