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Line of Credit Payable | 3 Months Ended
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Mar. 31, 2016
Debt Disclosure [Abstract] |
Line of Credit Payable | Line of Credit Payable: NNN's $650,000,000 revolving credit facility (the “Credit Facility”) had a weighted average outstanding balance of $2,252,000 and a weighted average interest rate of 1.4% during the quarter ended March 31 2016. The Credit Facility matures January 2019, unless the Company exercises its option to extend maturity to January 2020. The Credit Facility bears interest at LIBOR plus 92.5 basis points; however, such interest rate may change pursuant to a tiered interest rate structure based on NNN's debt rating. The Credit Facility also includes an accordion feature to increase the facility size up to $1,000,000,000, subject to lender approval. As of March 31, 2016, there was no outstanding balance and $650,000,000 was available for future borrowings under the Credit Facility.

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- Definition Disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References No definition available. + Details
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- References No definition available. + Details
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