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Real Estate (Tables) | 12 Months Ended
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Dec. 31, 2018
Real Estate [Abstract] |
Classification of Investment Property Leases | The following outlines key information for NNN’s leases at December 31, 2018:
Lease classification: |
Operating | 2,970 |
Direct financing | 8 |
Building portion – direct financing / land portion – operating | 1 |
Weighted average remaining lease term (years) | 11.5 |
Summary of Real Estate Subject to Operating Leases | Real estate subject to operating leases consisted of the following as of December 31 (dollars in thousands):
| 2018 |  | 2017
Land and improvements (1) | $ | 2,374,005 |  |  | $ | 2,282,919 |
Buildings and improvements | 5,477,479 |  |  | 4,948,057 |
Leasehold interests | 3,630 |  |  | 5,261 |
| 7,855,114 |  |  | 7,236,237 |
Less accumulated depreciation and amortization | (1,009,374 | ) |  | (874,519 | )
| 6,845,740 |  |  | 6,361,718 |
Work in progress - improvements | 8,017 |  |  | 41,920 |
| $ | 6,853,757 |  |  | $ | 6,403,638 |
(1) Includes $5,571 and $25,799 in land for Properties under construction at December 31, 2018 and 2017, respectively.
Schedule of Future Minimum Lease Payments for Capital Leases | The following is a schedule of future minimum lease payments to be received on noncancellable operating leases at December 31, 2018 (dollars in thousands):
2019 | $ | 613,402 |
2020 | 599,805 |
2021 | 579,904 |
2022 | 550,022 |
2023 | 522,386 |
Thereafter | 4,243,077 |
| $ | 7,108,596 |
Net Investment in Direct Financing Leases | The following lists the components of net investment in direct financing leases at December 31 (dollars in thousands):
| 2018 |  | 2017
Minimum lease payments to be received | $ | 10,899 |  |  | $ | 9,339 |
Estimated unguaranteed residual values | 4,395 |  |  | 4,967 |
Less unearned income | (7,225 | ) |  | (4,656 | )
Net investment in direct financing leases | $ | 8,069 |  |  | $ | 9,650 |
Schedule of Future Minimum Lease Receivables for Financing Leases | The following is a schedule of future minimum lease payments to be received on direct financing leases held for investment at December 31, 2018 (dollars in thousands):
2019 | $ | 1,464 |
2020 | 1,013 |
2021 | 889 |
2022 | 895 |
2023 | 895 |
Thereafter | 5,743 |
| $ | 10,899 |
Disclosure of Long Lived Assets Held-for-sale | Real estate held for sale consisted of the following as of December 31 (dollars in thousands):
| 2018 |  | 2017
Land and improvements | $ | 8,606 |  |  | $ | 9,411 |
Building and improvements | 26,147 |  |  | 27,342 |
| 34,753 |  |  | 36,753 |
Less accumulated depreciation and amortization | (6,897 | ) |  | (6,602 | )
Less impairment | (14,250 | ) |  | (778 | )
| $ | 13,606 |  |  | $ | 29,373 |
Disclosure of Long Lived Assets Held-for-sale, Gains Recognized | The following table summarizes the Properties sold and the corresponding gain recognized on the disposition of Properties for the years ended December 31 (dollars in thousands):
| 2018 |  | 2017 |  | 2016 |
# of Sold Properties |  | Gain |  | # of Sold Properties |  | Gain |  | # of Sold Properties |  | Gain |
Gain on disposition of real estate | 61 |  | $ | 65,070 |  |  | 48 |  | $ | 36,655 |  |  | 38 |  | $ | 27,182 |  |
Remaining Funding Commitments | These construction commitments, as of December 31, 2018, are outlined in the table below (dollars in thousands):
Total commitment(1) |  | $ | 34,756 |
Less amount funded |  | 13,588 |
Remaining commitment |  | $ | 21,168 |
(1) | Includes land, construction costs, tenant improvements, lease costs and capitalized interest.

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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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