Common Stock (Tables)

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Schedule of Stock by Class

At-The-Market Offerings. Under NNN's shelf registration statement, NNN has established an at-the-market equity program ("ATM") which allows NNN to sell shares of common stock from time to time. The following table outlines NNN's active ATM programs for the three years ended December 31, 2020:

	2020 ATM	2018 ATM
Established date	August 2020	February 2018
Termination date	August 2023	August 2020
Total allowable shares	17,500,000	12,000,000
Total shares issued as of December 31, 2020	1,569,304	11,272,034

The following table outlines the common stock issuances pursuant to NNN's ATM equity programs for the years ended December 31 (dollars in thousands, except per share data):

	2020		2019		2018
Shares of common stock	3,119,153		2,344,022		7,378,163
Average price per share (net)	$	38.21	$	53.71	$	44.48
Net proceeds	$	119,185	$	125,905	$	328,196
Stock issuance costs(1)	$	2,130	$	1,431	$	3,821

     (1) Stock issuance costs consist primarily of underwriters' and agent's fees and commissions, and legal and accounting fees.

The following outlines the common stock issuances pursuant to the DRIP for the year ended December 31 (dollars in thousands):

	2020		2019		2018
Shares of common stock	138,507		362,918		311,048
Net proceeds	$	5,092	$	19,442	$	13,264