content: <?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
  <submissionType>144</submissionType>
  <filerInfo>
  <filer>
  <filerCredentials>
  <cik>0001861740</cik>
  <ccc>XXXXXXXX</ccc>
  </filerCredentials>
  </filer>
  <liveTestFlag>LIVE</liveTestFlag>
  </filerInfo>
  </headerData>
  <formData>
  <issuerInfo>
  <issuerCik>0001308606</issuerCik>
  <issuerName>Spirit Realty Capital, Inc. </issuerName>
  <secFileNumber>001-36004</secFileNumber>
  <issuerAddress>
  <street1 xmlns="http://www.sec.gov/edgar/common">2727 North Harwood Street</street1>
  <street2 xmlns="http://www.sec.gov/edgar/common">Suite 300</street2>
  <city xmlns="http://www.sec.gov/edgar/common">Dallas</city>
  <stateOrCountry xmlns="http://www.sec.gov/edgar/common">TX</stateOrCountry>
  <zipCode xmlns="http://www.sec.gov/edgar/common">75201</zipCode>
  </issuerAddress>
  <issuerContactPhone>866-557-7474</issuerContactPhone>
  <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Frymire Michelle M</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
  <relationshipsToIssuer>
  <relationshipToIssuer>Director</relationshipToIssuer>
  </relationshipsToIssuer>
  </issuerInfo>
  <securitiesInformation>
  <securitiesClassTitle>Common stock, par value $0.05 per share</securitiesClassTitle>
  <brokerOrMarketmakerDetails>
  <name>Morgan Stanley Smith Barney, LLC</name>
  <address>
  <street1 xmlns="http://www.sec.gov/edgar/common">1 New York Plaza, 38th Floor</street1>
  <city xmlns="http://www.sec.gov/edgar/common">New York</city>
  <stateOrCountry xmlns="http://www.sec.gov/edgar/common">NY</stateOrCountry>
  <zipCode xmlns="http://www.sec.gov/edgar/common">10004</zipCode>
  </address>
  </brokerOrMarketmakerDetails>
  <noOfUnitsSold>4000</noOfUnitsSold>
  <aggregateMarketValue>158995.41</aggregateMarketValue>
  <noOfUnitsOutstanding>141296615</noOfUnitsOutstanding>
  <approxSaleDate>06/06/2023</approxSaleDate>
  <securitiesExchangeName>NYSE</securitiesExchangeName>
  </securitiesInformation>
  <securitiesToBeSold>
  <securitiesClassTitle>Common stock, par value $0.05 per share</securitiesClassTitle>
  <acquiredDate>05/18/2023</acquiredDate>
  <natureOfAcquisitionTransaction>Vesting of restricted stock granted on May 18, 2022</natureOfAcquisitionTransaction>
  <nameOfPersonfromWhomAcquired>Spirit Realty Capital, Inc.</nameOfPersonfromWhomAcquired>
  <isGiftTransaction>N</isGiftTransaction>
  <amountOfSecuritiesAcquired>1614</amountOfSecuritiesAcquired>
  <paymentDate>05/18/2023</paymentDate>
  <natureOfPayment>Compensation</natureOfPayment>
  </securitiesToBeSold>
  <securitiesToBeSold>
  <securitiesClassTitle>Common stock, par value $0.05 per share</securitiesClassTitle>
  <acquiredDate>05/19/2022</acquiredDate>
  <natureOfAcquisitionTransaction>Vesting of restricted stock granted on May 19, 2021</natureOfAcquisitionTransaction>
  <nameOfPersonfromWhomAcquired>Spirit Realty Capital, Inc.</nameOfPersonfromWhomAcquired>
  <isGiftTransaction>N</isGiftTransaction>
  <amountOfSecuritiesAcquired>2386</amountOfSecuritiesAcquired>
  <paymentDate>05/19/2022</paymentDate>
  <natureOfPayment>Compensation</natureOfPayment>
  </securitiesToBeSold>
  <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
  <noticeSignature>
  <noticeDate>06/06/2023</noticeDate>
  <signature>/s/ Jay Young</signature>
  </noticeSignature>
  </formData>
  </edgarSubmission>
metadata_documents: [{"type": "144", "sequence": "1", "filename": "primary_doc.xml", "secsgml_size_bytes": 3421}]
text: 144
  0001861740
  XXXXXXXX
  LIVE
  0001308606
  Spirit Realty Capital, Inc.
  001-36004
  2727 North Harwood Street
  Suite 300
  Dallas
  TX
  75201
  866-557-7474
  Frymire Michelle M
  Director
  Common stock, par value $0.05 per share
  Morgan Stanley Smith Barney, LLC
  1 New York Plaza, 38th Floor
  New York
  NY
  10004
  4000
  158995.41
  141296615
  06/06/2023
  NYSE
  Common stock, par value $0.05 per share
  05/18/2023
  Vesting of restricted stock granted on May 18, 2022
  Spirit Realty Capital, Inc.
  N
  1614
  05/18/2023
  Compensation
  Common stock, par value $0.05 per share
  05/19/2022
  Vesting of restricted stock granted on May 19, 2021
  Spirit Realty Capital, Inc.
  N
  2386
  05/19/2022
  Compensation
  Y
  06/06/2023
  /s/ Jay Young