Mortgages Payable (Tables)

12 Months Ended

Dec. 31, 2013

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,
							2013		2012
December 2001 (2)	$	623	9.00%	April 2014	$	438	$	27	$	95
December 2001 (2)	698		9.00%	April 2019	968		263		299
December 2001 (2)	485		9.00%	April 2019	936		136		155
February 2004 (2)	6,952		6.90%	January 2017	10,797		2,257		2,892
March 2005 (2)	1,015		8.14%	September 2016	1,264		335		439
June 2012 (2)(4)	6,850		5.75%	April 2016	8,717		6,457		6,722
					$	23,120	$	9,475	$	10,602

⁽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, 2013.

⁽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):

	2013		2012
Carrying value of equity component	$	—	$	(22,193	)
Principal amount of convertible debt	—		238,572
Remaining unamortized debt discount	—		(2,072		)
Net carrying value of convertible debt	$	—	$	214,307

Schedule of Maturities of Long-term Debt

The following is a schedule of the annual maturities of NNN’s mortgages payable at December 31, 2013 (dollars in thousands):

2014	$	1,158
2015	1,207
2016	6,842
2017	147
2018	86
Thereafter	35
	$	9,475