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Mortgages Payable (Tables)
12 Months Ended
Dec. 31, 2019
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
 
Initial
Balance
 
Interest
Rate
 
Maturity(2)
 
Carrying
Value of
Encumbered
Asset(s)(3)
 
Outstanding Principal
Balance at December 31,
2019
 
2018
November 2014(1)
 
$
15,151

 
5.23%
 
July 2023
 
$
19,944

 
$
12,116

 
$
12,768

 
 
 
 
 
 
 
 
 
 
 
 
 
Debt costs
 
 
 
 
 
 
 
 
 
(147
)
 
(147
)
Accumulated amortization
 
 
 
 
 
 
 
90

 
73

Debt costs, net of accumulated amortization
 
 
 
(57
)
 
(74
)
Mortgages payable, including unamortized premium and net of unamortized debt costs
 
 
 
$
12,059

 
$
12,694

(1) 
Date entered represents the date that NNN acquired real estate subject to a mortgage securing a loan. Initial         balance and outstanding principal balance includes unamortized premium.
(2) 
Monthly payments include interest and principal; the balance is due at maturity.
(3) 
The loan is secured by a first mortgage lien on five of the Properties. The carrying values of the assets at     December 31, 2019.
Schedule of Maturities of Long-term Debt
The following outlines of the scheduled principal payments, including premium amortization of NNN’s mortgages payable as of December 31, 2019 (dollars in thousands):
2020
$
682

2021
716

2022
750

2023
9,968

 
$
12,116