Right-of-Use Assets and Operating Lease Liabilities (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Operating Lease Information

As of September 30, 2019, NNN has recorded the following (dollars in thousands):

	Ground Leases			Headquarters Office Lease
Operating lease – ROU assets(1)	$	4,548		$	3,117
Operating lease – lease liabilities	(6,247		)	(3,775		)
Weighted average remaining lease term (years)	14.5			5.5
Weighted average discount rate	4.1		%	3.5		%

⁽¹⁾ 

ROU assets are shown net of accrued lease payments of $1,699 and $658, respectively.

Operating Leases - Undiscounted Cash Flows

The following is a schedule of the undiscounted cash flows to be paid as of September 30, 2019 (dollars in thousands):

	Ground Leases		Headquarters Office Lease
2019	$	136	$	191
2020	564		773
2021	573		788
2022	582		804
2023	582		821
Thereafter	6,145		1,047
	$	8,582	$	4,424