National Retail Properties Inc., a real estate investment trust, has appointed Sam Susser to the Board of Directors.
“We are excited to add Sam to our Board. His retail industry experience combined with his depth of knowledge of the convenience store industry make him an excellent addition. His accomplished tenure as the CEO of a successful retailer gives him a unique perspective to understand our retail tenant customer base and their strategies,” said Craig Macnab, chairman and CEO.
Susser has a broad background in retail operations. He served as president and CEO of Susser Holdings Corp. from 1992 through 2014 and as a director from 1988 through 2014. He was named chairman of the Board in September 2013. In August 2014, Susser Holdings was acquired by Energy Transfer Partners LP. Susser was also chairman of the Board of Directors of Susser Petroleum Partners GP LLC, the general partner of Susser Petroleum Partners LP until May 2015. Susser currently serves as a director of a number of charitable, educational and civic organizations.
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of Sept. 30, 2015, the company owned 2,231 properties in 47 states with a gross leasable area of approximately 24.5 million square feet and a weighted average remaining lease term of 11.5 years.