Investor Presentaiton

Consistent and Simple Strategy Long-term investors of single-tenant, freestanding retail properties (no malls or strip centers) ■ Avoid retail categories most susceptible to ecommerce threat THE NNN REIT" ■ Sustain high occupancy and maximize value of existing real estate assets ■ Maintain fully diversified portfolio ■ Grow through internal portfolio growth and well underwritten acquisitions ■ Utilize asset sales to manage risk, enhance value and partially finance new property acquisitions ■ Preserve conservative balance sheet and financial flexibility through access to multiple sources of capital and unsecured debt ■ Produce safe and growing dividends 9

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