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Mortgages Payable
 12 Months Ended
Dec. 31, 2015
Notes Payable, Noncurrent [Abstract]  
Mortgages Payable
Mortgages Payable:
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,
2015
 
2014
December 2001
 
$
698

 
9.00%
 
April 2019
 
$
—

 
$
—

 
$
223

December 2001
 
485

 
9.00%
 
April 2019
 
—

 
—

 
116

February 2004
 
6,952

 
6.90%
 
January 2017
 
10,313

 
848

 
1,577

March 2005
 
1,015

 
8.14%
 
September 2016
 
—

 
—

 
222

June 2012(4)
 
6,850

 
5.75%
 
April 2016
 
8,341

 
5,890

 
6,180

September 2014(4)
 
2,957

 
6.40%
 
February 2017
 
3,691

 
2,804

 
2,922

November 2014(4)
 
15,151

 
5.23%
 
July 2023
 
21,889

 
14,555

 
15,099

 
 
 
 
 
 
 
 
$
44,234

 
24,097

 
26,339

 
 
 
 
 
 
 
 
 
 
 
 
 
Debt costs
 
 
 
 
 
 
 
 
 
(226
)
 
(226
)
Accumulated amortization
 
 
 
 
 
 
 
93

 
69

Debt costs, net of accumulated amortization
 
 
 
(133
)
 
(157
)
Mortgages payable, including unamortized premium and net of unamortized debt costs
 
 
 
$
23,964

 
$
26,182

(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 at December 31, 2015.
(4) 
Initial balance and outstanding principal balance includes unamortized premium.
The following is a schedule of the scheduled principal payments, including premium amortization of NNN’s mortgages payable at December 31, 2015 (dollars in thousands):
 
2016
$
7,344

2017
3,362

2018
623

2019
653

2020
681

Thereafter
11,434

 
$
24,097