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Mortgages Payable | 12 Months Ended
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Dec. 31, 2012
Notes Payable, Noncurrent [Abstract] |
Mortgages Payable | Mortgages Payable: 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,
2012 |  | 2011
December 2001 (2) |  | $ | 623 |  |  | 9.00 | % |  | April 2014 |  | $ | 543 |  |  | $ | 95 |  |  | $ | 158 |
December 2001 (2) |  | 698 |  |  | 9.00 | % |  | April 2019 |  | 1,047 |  |  | 299 |  |  | 333 |
December 2001 (2) |  | 485 |  |  | 9.00 | % |  | April 2019 |  | 1,013 |  |  | 155 |  |  | 172 |
June 2002 |  | 21,000 |  |  | 6.90 | % |  | July 2012 |  | — |  |  | — |  |  | 18,488 |
February 2004 (2) |  | 6,952 |  |  | 6.90 | % |  | January 2017 |  | 11,039 |  |  | 2,892 |  |  | 3,485 |
March 2005 (2) |  | 1,015 |  |  | 8.14 | % |  | September 2016 |  | 1,283 |  |  | 439 |  |  | 535 |
June 2012 (2)(4) |  | 6,850 |  |  | 5.75 | % |  | April 2016 |  | 8,905 |  |  | 6,722 |  |  | — |
|  |  |  |  |  |  |  | $ | 23,830 |  |  | $ | 10,602 |  |  | $ | 23,171 |
(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, 2012.
(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) | Initial balance and outstanding principal balance includes unamortized premium.
The following is a schedule of the annual maturities of NNN’s mortgages payable at December 31, 2012 (dollars in thousands):
2013 | $ | 1,127 |
2014 | 1,158 |
2015 | 1,207 |
2016 | 6,842 |
2017 | 146 |
Thereafter | 122 |
| $ | 10,602 |

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