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

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Operating Lease Information

As of December 31, 2019, NNN has recorded the following (dollars in thousands):

	Ground Leases			Headquarters Office Lease
Operating lease – ROU assets(1)	$	4,481		$	2,991
Operating lease – lease liabilities	(6,175		)	(3,629		)
Weighted average remaining lease term (years)	14.3			5.3
Weighted average discount rate	4.1		%	3.5		%

⁽¹⁾ 

ROU assets are shown net of accrued lease payments of $1,694 and $638, respectively.

Operating Leases - Undiscounted Cash Flows

The following is a schedule of the undiscounted cash flows to be paid as of December 31, 2019 (dollars in thousands):

	Ground Leases		Headquarters Office Lease
2020	$	564	$	773
2021	573		788
2022	582		804
2023	582		821
2024	601		837
Thereafter	5,544		210
	$	8,446	$	4,233