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Mortgages Payable (Tables)
 12 Months Ended
Dec. 31, 2011
Notes Payable, Noncurrent [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
The following table outlines the mortgages payable included in NNN’s consolidated financial statements (dollars in thousands):
 
Entered
 
Initial
Balance
 
Interest
Rate
 
Maturity (3)
 
Carrying
Value of
Encumbered
Asset(s)(1)
 
Outstanding Principal
Balance at December 31,
2011
 
2010
December 2001 (2)
 
$
623

 
9.00
%
 
April 2014
 
$
642

 
$
158

 
$
215

December 2001 (2)
 
698

 
9.00
%
 
April 2019
 
1,119

 
333

 
364

December 2001 (2)
 
485

 
9.00
%
 
April 2019
 
1,085

 
172

 
187

June 2002 (4)
 
21,000

 
6.90
%
 
July 2012
 
23,369

 
18,488

 
18,841

February 2004 (2)
 
6,952

 
6.90
%
 
January 2017
 
11,280

 
3,485

 
4,038

March 2005 (2)
 
1,015

 
8.14
%
 
September 2016
 
1,303

 
535

 
624

 
 
 
 
 
 
 
 
$
38,798

 
$
23,171

 
$
24,269


(1) 
Each loan is secured by a first mortgage lien on certain of NNN’s properties. The carrying values of the assets are as of December 31, 2011.
(2) 
Date entered represents the date that NNN acquired real estate subject to a mortgage securing a loan. The corresponding original principal balance represents the outstanding principal balance at the time of acquisition.
(3) 
Monthly payments include interest and principal, if any; the balance is due at maturity.
(4) 
NNN plans to use proceeds from the Credit Facility to repay outstanding indebtedness.
The carrying amounts of the Company’s convertible debt and equity balances are summarized in the table below as of December 31 (dollars in thousands):
 
 
2011
 
2010
Carrying value of equity component
$
(33,873
)
 
$
(33,873
)
Principal amount of convertible debt
361,735

 
361,735

Remaining unamortized debt discount
(6,363
)
 
(12,201
)
Net carrying value of convertible debt
$
321,499

 
$
315,661
Schedule of Maturities of Long-term Debt [Table Text Block]
The following is a schedule of the annual maturities of NNN’s mortgages payable at December 31, 2011 (dollars in thousands):
 
2012
$
19,290

2013
863

2014
881

2015
917

2016
952

Thereafter
268

 
$
23,171