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Mortgages Payable (Tables)
 12 Months Ended
Dec. 31, 2012
Notes Payable, Noncurrent [Abstract]  
Schedule of Long-term Debt Instruments
The following table outlines the mortgages payable included in NNN’s consolidated financial statements (dollars in thousands):
 
Entered
 
Initial
Balance
 
Interest
Rate
 
Maturity (3)
 
Carrying
Value of
Encumbered
Asset(s)(1)
 
Outstanding Principal
Balance at December 31,
2012
 
2011
December 2001 (2)
 
$
623

 
9.00
%
 
April 2014
 
$
543

 
$
95

 
$
158

December 2001 (2)
 
698

 
9.00
%
 
April 2019
 
1,047

 
299

 
333

December 2001 (2)
 
485

 
9.00
%
 
April 2019
 
1,013

 
155

 
172

June 2002
 
21,000

 
6.90
%
 
July 2012
 
—

 
—

 
18,488

February 2004 (2)
 
6,952

 
6.90
%
 
January 2017
 
11,039

 
2,892

 
3,485

March 2005 (2)
 
1,015

 
8.14
%
 
September 2016
 
1,283

 
439

 
535

June 2012 (2)(4)
 
6,850

 
5.75
%
 
April 2016
 
8,905

 
6,722

 
—

 
 
 
 
 
 
 
 
$
23,830

 
$
10,602

 
$
23,171

(1) 
Each loan is secured by a first mortgage lien on certain of NNN’s properties. The carrying values of the assets are as of December 31, 2012.
(2) 
Date entered represents the date that NNN acquired real estate subject to a mortgage securing a loan. The corresponding original principal balance represents the outstanding principal balance at the time of acquisition.
(3) 
Monthly payments include interest and principal, if any; the balance is due at maturity.
(4) 
Initial balance and outstanding principal balance includes unamortized premium.
The carrying amounts of the Company’s convertible debt and equity balances are summarized in the table below as of December 31 (dollars in thousands):
 
2012
 
2011
Carrying value of equity component
$
(22,193
)
 
$
(33,873
)
Principal amount of convertible debt
238,572

 
361,735

Remaining unamortized debt discount
(2,072
)
 
(6,363
)
Net carrying value of convertible debt
$
214,307

 
$
321,499
Schedule of Maturities of Long-term Debt
The following is a schedule of the annual maturities of NNN’s mortgages payable at December 31, 2012 (dollars in thousands):
 
2013
$
1,127

2014
1,158

2015
1,207

2016
6,842

2017
146

Thereafter
122

 
$
10,602