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Mortgages Payable
12 Months Ended
Dec. 31, 2020
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):
EnteredInitial
Balance
Interest
Rate
Maturity(2)
Carrying
Value of
Encumbered
Asset(s)(3)
Outstanding Principal
Balance at December 31,
20202019
November 2014(1)
$15,151 5.23%July 2023$19,458 $11,434 $12,116 
Debt costs(147)(147)
Accumulated amortization108 90 
Debt costs, net of accumulated amortization
(39)(57)
Mortgages payable, including unamortized premium and net of unamortized debt costs
$11,395 $12,059 
(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, 2020.
The following outlines of the scheduled principal payments, including premium amortization of NNN’s mortgages payable as of December 31, 2020 (dollars in thousands):
2021$716 
2022750 
20239,968 
$11,434