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Notes Payable (Tables) | 12 Months Ended
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Dec. 31, 2014
Notes Payable [Abstract] |
Notes Payable | Each of NNN’s outstanding series of non-convertible notes is summarized in the table below (dollars in thousands):
Notes(1) |  | Issue Date |  | Principal |  | Discount(1) |  | Net Price |  | Stated Rate |  | Effective Rate(2) |  | Maturity Date
2015(6) |  | November 2005 |  | $ | 150,000 |  |  | $ | 390 |  |  | $ | 149,610 |  |  | 6.150% |  | 6.185% |  | December 2015
2017(3) |  | September 2007 |  | 250,000 |  |  | 877 |  |  | 249,123 |  |  | 6.875% |  | 6.924% |  | October 2017
2021(4) |  | July 2011 |  | 300,000 |  |  | 4,269 |  |  | 295,731 |  |  | 5.500% |  | 5.690% |  | July 2021
2022 |  | August 2012 |  | 325,000 |  |  | 4,989 |  |  | 320,011 |  |  | 3.800% |  | 3.984% |  | October 2022
2023(5) |  | April 2013 |  | 350,000 |  |  | 2,594 |  |  | 347,406 |  |  | 3.300% |  | 3.388% |  | April 2023
2024(7) |  | May 2014 |  | 350,000 |  |  | 707 |  |  | 349,293 |  |  | 3.900% |  | 3.924% |  | June 2024
(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, treasury lock gain/loss and swap gain/loss, as applicable.
(3) | NNN entered into an interest rate hedge with a notional amount of $100,000. Upon issuance of the 2017 Notes, NNN terminated the interest rate hedge agreement resulting in a liability of $3,260, of which $3,228 was recorded to other comprehensive income. The liability has been deferred and is being amortized as an adjustment to interest expense over the term of the 2017 Notes using the effective interest method.
(4) | NNN entered into two interest rate hedges with a total notional amount of $150,000. Upon issuance of the 2021 Notes, NNN terminated the interest rate hedge agreements resulting in a liability of $5,300, of which $5,218 was deferred in other comprehensive income. The deferred liability is being amortized over the term of the note using the effective interest method.
(5) | NNN entered into four forward starting swaps with an aggregate notional amount of $240,000. Upon issuance of the 2023 Notes, NNN terminated the forward starting swaps resulting in a liability of $3,156, of which $3,141 was deferred in other comprehensive income. The deferred liability is being amortized over the term of the note using the effective interest method.
(6) | NNN plans to use proceeds from the Credit Facility and/or potential debt or equity offerings to repay the outstanding indebtedness.
(7) | NNN entered into three forward starting swaps with an aggregate notional amount of $225,000. Upon issuance of the 2024 Notes, NNN terminated the forward starting swaps resulting in a liability of $6,312, which was deferred in other comprehensive income. The deferred liability is being amortized over the term of the note using the effective interest method.

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- Definition Notes Payable [Table Text Block] + References No definition available. + Details
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