Mortgages Payable (Tables)

12 Months Ended

Dec. 31, 2014

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(1)	Initial Balance		Interest Rate	Maturity(2)	Carrying Value of Encumbered Asset(s)(3)		Outstanding Principal Balance at December 31,
							2014		2013
December 2001	$	623	9.00%	April 2014	$	—	$	—	$	27
December 2001	$	698	9.00%	April 2019	868		223		263
December 2001	485		9.00%	April 2019	841		116		136
February 2004	6,952		6.90%	January 2017	10,554		1,577		2,257
March 2005	1,015		8.14%	September 2016	1,245		222		335
June 2012(4)	6,850		5.75%	April 2016	8,529		6,180		6,457
September 2014(4)	2,957		6.40%	February 2017	3,797		2,922		—
November 2014(4)	15,151		5.23%	July 2023	22,376		15,099		—
					$	48,210	$	26,339	$	9,475

⁽¹⁾  Date entered represents the date that NNN acquired real estate subject to a mortgage securing a loan.

⁽²⁾  Monthly payments include interest and principal, if any; the balance is due at maturity.

⁽³⁾  Each loan is secured by a first mortgage lien on certain of the Properties. The carrying values of the assets are as of December 31, 2014.

⁽⁴⁾  Initial balance and outstanding principal balance includes unamortized premium.

Schedule of Maturities of Long-term Debt

The following is a schedule of the scheduled principal payments, net of premium amortization of NNN’s mortgages payable at December 31, 2014 (dollars in thousands):

2015	$	1,870
2016	7,514
2017	3,441
2018	710
2019	688
Thereafter	12,116
	$	26,339