National Retail Properties, Inc., (NYSE: NNN) is a REIT owning 3,118 freestanding retail stores in 48 states, leased to more than 400 tenants, in 37 lines of trade (as of December 31, 2019). A conservative balance sheet, a strong portfolio with 99.0% occupancy, and a well-protected cash dividend have helped NNN deliver 30 consecutive annual dividend increases and an average total return of 12.6% per year over the last 15 years, 15.9% per year over the last 20 years, and 13.6% per year for the last 25 years.