Mortgages Payable (Tables)

12 Months Ended

Dec. 31, 2020

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,
							2020		2019
November 2014(1)	$	15,151	5.23%	July 2023	$	19,458	$	11,434	$	12,116
Debt costs							(147)		(147)
Accumulated amortization							108		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.

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, 2020 (dollars in thousands):

2021	$	716
2022	750
2023	9,968
	$	11,434