Fair Value Of Financial Instruments

3 Months Ended

Mar. 31, 2012

Financial Instruments, Owned, at Fair Value [Abstract]

Fair Value Of Financial Instruments

Fair Value of Financial Instruments:

NNN believes the carrying value of its Credit Facility approximates fair value based upon its nature, terms and variable interest rate. NNN believes that the carrying value of its cash and cash equivalents, mortgages, notes and other receivables, mortgages payable and other liabilities at March 31, 2012 and December 31, 2011, approximate fair value based upon current market prices of similar issues. At March 31, 2012 and December 31, 2011, the carrying value and fair value of NNN’s notes payable and convertible notes payable, collectively, was $1,376,658,000 and $1,362,922,000, respectively, based upon the quoted market price.