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

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Operating Lease Information

As of December 31, 2020, NNN has recorded the following (dollars in thousands):

	Ground Leases			Headquarters Office Lease
Operating lease – ROU assets(1)	$	4,211		$	2,471
Operating lease – lease liabilities	(5,859)			(3,021)
Weighted average remaining lease term (years)	13.4			4.3
Weighted average discount rate	4.1		%	3.5		%

(1)ROU assets are shown net of accrued lease payments of $1,648 and $550, respectively.

Operating Leases - Undiscounted Cash Flows

The following is a schedule of the undiscounted cash flows to be paid as of December 31, 2020 (dollars in thousands):

	Ground Leases		Headquarters Office Lease
2021	$	573	$	788
2022	582		804
2023	582		821
2024	601		837
2025	639		210
Thereafter	4,905		—
	$	7,882	$	3,460