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Notes Payable (Details)
1 Months Ended 3 Months Ended 9 Months Ended
Mar. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Instrument
Sep. 30, 2020
USD ($)
Sep. 30, 2021
USD ($)
Instrument
Sep. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Instrument
Sep. 30, 2018
USD ($)
Instrument
Sep. 30, 2017
USD ($)
Instrument
Dec. 31, 2016
USD ($)
Instrument
Oct. 31, 2015
USD ($)
Instrument
May 31, 2014
USD ($)
Instrument
Debt Instrument [Line Items]                      
Loss deferred in other comprehensive income   $ (1,584,000) $ (1,584,000) $ (7,617,000)            
Proceeds from notes payable       881,172,000 692,646,000            
Payment of debt issuance costs       17,125,000 7,810,000            
Make-whole premium   $ 21,328,000 $ 16,679,000            
Forward Swap                      
Debt Instrument [Line Items]                      
Number of interest rate derivatives terminated | Instrument   2   2   3 2 2 2 4 3
Aggregate notional amount   $ 120,000,000   $ 120,000,000   $ 200,000,000 $ 250,000,000 $ 250,000,000 $ 180,000,000 $ 300,000,000 $ 225,000,000
Loans Payable                      
Debt Instrument [Line Items]                      
Debt costs   10,144,000   10,144,000              
2051 Notes | Loans Payable                      
Debt Instrument [Line Items]                      
Principal amount $ 450,000,000 $ 450,000,000   $ 450,000,000              
Stated interest rate 3.50% 3.50%   3.50%              
Aggregate purchase price $ 441,594,000                    
Discount [1] $ 8,406,000                    
Effective Rate [2] 3.602%                    
2052 Notes | Loans Payable                      
Debt Instrument [Line Items]                      
Principal amount [3]   $ 450,000,000   $ 450,000,000              
Stated interest rate [3]   3.00%   3.00%              
Aggregate purchase price [3]   $ 439,578,000   $ 439,578,000              
Discount [1],[3]   $ 10,422,000   $ 10,422,000              
Effective Rate [2],[3]   3.118%   3.118%              
2023 Notes | Loans Payable                      
Debt Instrument [Line Items]                      
Stated interest rate 3.30%                    
Notes payable redeemed $ 350,000,000                    
Redemption price, percent of principal amount 100.00%                    
Make-whole premium $ (21,328,000)                    
[1]

The note discounts are amortized to interest expense over the respective term of each debt obligation using the effective interest method.

[2]

Includes the effects of the discount at issuance.

[3] NNN entered into forward swaps which were hedging the risk of changes in forecasted interest payments on forecasted issuance of long-term debt. Upon the issuance of the 2052 Notes, NNN terminated such derivatives, and the resulting fair value was deferred in accumulated other comprehensive income (loss) and is being amortized over the term of the respective notes using the effective interest method. Additional disclosure is included in Note 6 – Derivatives