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Subsequent Events | 9 Months Ended
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Sep. 30, 2021
Subsequent Events [Abstract] |
Subsequent Events | Note 8 – Subsequent Events: NNN reviewed its subsequent events and transactions that have occurred after September 30, 2021, the date of the interim condensed consolidated balance sheet. As of October 27, 2021, NNN had collected approximately 99% of rent originally due in the quarter ended September 30, 2021 and 99% of rent originally due in October 2021. In September 2021, NNN announced the redemption of all outstanding depository shares representing interests in its 5.200% Series F Preferred Stock. The depository shares were redeemed on October 16, 2021 at $25.00 per depository share, plus all accrued and unpaid dividends through, but not including, the redemption date, for an aggregate redemption price of $25.111944 per depository share. For the quarter ending December 31, 2021, NNN will record a preferred stock redemption charge of $10,897,000, which is the excess carrying amount of the preferred stock redeemed over the cash paid to redeem the Series F Preferred Stock. On the redemption date, dividends on the depository shares representing interest in the Series F Preferred Stock ceased to accrue. There were no other reportable subsequent events or transactions.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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