Subsequent Events

6 Months Ended

Jun. 30, 2013

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events:

NNN reviewed its subsequent events and transactions that have occurred after June 30, 2013, the date of the condensed consolidated balance sheet.

In June 2013, NNN called all of the outstanding 2028 Notes for redemption on July 11, 2013. As of June 30, 2013, $91,000 principal amount of the 2028 Notes had been surrendered for conversion, and $222,944,000 principal amount of the 2028 Notes remained outstanding. On July 11, 2013, $130,000 principal amount of 2028 Notes were settled at par plus accrued interest. Holders of the remaining $222,814,000 principal amount of the 2028 Notes elected to convert into cash and shares of the Company's common stock which is based on the average daily closing price of NNN's common stock price over a period of 20 days commencing after receipt of a note holder's conversion notice.

There were no other reportable subsequent events or transactions.