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Mortgages Payable | 12 Months Ended
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Dec. 31, 2017
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(1) |  | Initial Balance |  | Interest Rate |  | Maturity(2) |  | Carrying Value of Encumbered Asset(s)(3) |  | Outstanding Principal Balance at December 31,
2017 |  | 2016
November 2014(4) |  | 15,151 |  |  | 5.23% |  | July 2023 |  | $ | 20,917 |  |  | $ | 13,392 |  |  | $ | 13,987 |
Debt costs |  |  |  |  |  |  |  |  |  | (147 | ) |  | (147 | )
Accumulated amortization |  |  |  |  |  |  |  | 55 |  |  | 38 |
Debt costs, net of accumulated amortization |  |  |  | (92 | ) |  | (109 | )
Mortgages payable, including unamortized premium and net of unamortized debt costs |  |  |  | $ | 13,300 |  |  | $ | 13,878 |
(1) | Date entered represents the date that NNN acquired real estate subject to a mortgage securing a loan.
(2) | Monthly payments include interest and principal; the balance is due at maturity.
(3) | Each loan is secured by a first mortgage lien on five of the Properties. The carrying values of the assets at December 31, 2017.
(4) | Initial balance and outstanding principal balance includes unamortized premium.
The following is a schedule of the scheduled principal payments, including premium amortization of NNN’s mortgages payable at December 31, 2017 (dollars in thousands):
2018 | $ | 623 |
2019 | 652 |
2020 | 682 |
2021 | 716 |
2022 | 750 |
Thereafter | 9,969 |
| $ | 13,392 |

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