UNITED STATES SECURITIES AND EXCHANGE COMMISSION ~~WASHINGTON, D.C. 20549~~

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

~~Pursuant~~Date toof ~~Section 13~~Report ~~or 15~~(d)Date of ~~the~~earliest ~~Securities~~event ~~Exchange~~reported): ~~Act~~September of14, ~~1934~~ 2011

~~Date~~NNN of2002 ~~Report~~Value ~~(Date of Earliest Event Reported): March 21~~Fund, ~~2011~~LLC

~~NNN 2002 Value Fund, LLC __________________________________________~~ (Exact name of registrant as specified in its charter)

Virginia	~~0-51098~~	750-~~3060438~~51098	75-3060438
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
(State or other jurisdiction of incorporation)		(Commission File Number)	(IRS Employer Identification No.)
of incorporation)	File Number)	Identification No.)
1551 N. Tustin Avenue, Suite 200, Santa Ana, California		92705
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: (877) 888-7348


1551 N. Tustin Avenue, Suite 200, Santa Ana, California		92705

(Address of principal executive offices)		(Zip Code)

~~Not~~Registrant’s ~~Applicable ______________________________________________ Former~~telephone ~~name or former address~~number, ifincluding ~~changed~~area ~~since~~code: ~~last~~(714) ~~report~~ 667-8252

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

~~[ ]~~ o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ~~[ ]~~ o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ~~[ ]~~ o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ~~[ ]~~ o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of ~~Top~~Certain Officers; Compensatory Arrangements of ~~the~~Certain ~~Form~~Officers.

Steven M. Shipp has ceased serving as our principal executive officer in connection with his termination as executive vice president, portfolio management, of our manager, NNN Realty ~~Item~~Investors, 7LLC (formerly Grubb & Ellis Realty Investors, LLC) (“GERI”).01 ~~Regulation~~We FDexpect ~~Disclosure~~that GERI, as our manager, will soon appoint a successor to Mr. Shipp.

On or about March 21, 2011, we distributed a letter to our investors, or the Investor Letter, regarding our Annual Report on Form 10- K for the fiscal year ended December 31, 2010 and updates on our remaining property interest, Congress Center, located in Chicago, Illinois. A copy of the Investor Letter, which is hereby incorporated into this filing in its entirety, is attached to this Current Report on Form 8-K as Exhibit 99.1. The information furnished under this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.99.1 NNN 2002 Value Fund, LLC Investor Letter, dated March 21, 2011

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	NNN 2002 Value Fund, LLC
November 3, 2011	/s/ PAUL E. HENDERSON Paul E. Henderson
March 23, 2011	By:	/s/ Steven M. Shipp
	Chief Accounting Officer
		Name: Steven M. Shipp
	NNN Realty Investors, LLC,
		Title: Executive Vice President, Portfolio Management of Grubb & Ellis Realty Investors, LLC, the Manager of NNN 2002 Value Fund, LLC (principal executive officer)
	the Manager of NNN 2002 Value Fund, LLC
	(principal financial officer)

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Exhibit Index

Exhibit No.		Description
99.1		NNN 2002 Value Fund, LLC Investor Letter, dated March 21, 2011

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