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Mortgages Payable
 12 Months Ended
Dec. 31, 2017
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,
2017
 
2016
November 2014(4)
 
15,151

 
5.23%
 
July 2023
 
$
20,917

 
$
13,392

 
$
13,987

 
 
 
 
 
 
 
 
 
 
 
 
 
Debt costs
 
 
 
 
 
 
 
 
 
(147
)
 
(147
)
Accumulated amortization
 
 
 
 
 
 
 
55

 
38

Debt costs, net of accumulated amortization
 
 
 
(92
)
 
(109
)
Mortgages payable, including unamortized premium and net of unamortized debt costs
 
 
 
$
13,300

 
$
13,878

(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; the balance is due at maturity.
(3) 
Each loan is secured by a first mortgage lien on five of the Properties. The carrying values of the assets at December 31, 2017.
(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, 2017 (dollars in thousands):
 
2018
$
623

2019
652

2020
682

2021
716

2022
750

Thereafter
9,969

 
$
13,392