Mortgages Payable (Tables)

12 Months Ended

Dec. 31, 2021

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):

	Initial		Interest			Maturity	Carrying Value of Encumbered		Outstanding Principal Balance at December 31,
Entered	Balance		Rate			Date(2)	Asset(s)(3)		2021			2020
November 2014(1)	$	15,151		5.23	%	July 2023	$	18,972	$	10,719		$	11,434
Debt costs										(147	)		(147	)
Accumulated amortization										125			108
Debt costs, net of accumulated amortization										(22	)		(39	)
Mortgages payable, including unamortized premium and net of    unamortized debt costs									$	10,697		$	11,395

(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.

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, 2021 (dollars in thousands):

2022	$	750
2023		9,969
	$	10,719