Potential consequences of the current financial and economic conditions include: NNN may be unable to obtain debt or equity capital on favorable terms, if at all. NNN may be unable to obtain capital on favorable terms, if at all, to further its business objectives or meet its existing  obligations. Nearly all of NNN’s debt, including the Credit Facility, is subject to balloon principal payments due at maturity.  These maturities range between 2014 and 2023. NNN's ability to make these scheduled principal payments may be adversely  impacted by NNN’s inability to extend or refinance the Credit Facility, the inability to dispose of assets at an attractive price or  the inability to obtain additional debt or equity capital. Capital that may be available may be materially more expensive or  available under terms that are materially more restrictive than NNN’s existing capital which would have an adverse impact on  NNN’s business, financial condition or results of operations. NNN's tenants encounter significant macroeconomic, governmental and competitive forces. Adverse changes in consumer  spending or consumer preferences for particular goods, services or store based retailing or the expansion of e-commerce could  severely impact their ability to pay rent. The default, financial distress, bankruptcy or liquidation of one or more of NNN’s  tenants could cause substantial vacancies in NNN’s Property Portfolio. Vacancies reduce NNN’s revenues, increase property  expenses and could decrease the value of each such vacant Property. Upon the expiration of a lease, the tenant may choose not  to renew the lease and/or NNN may not be able to re-lease the vacant Property at a comparable lease rate or without incurring  additional expenditures in connection with such renewal or re-leasing. As of December 31, 2013, approximately, Any financial hardship and/or economic changes in these lines of trade, tenants or states could have an adverse effect on  NNN’s results of operations. Tenants loss of revenues could reduce NNN’s cash flow. A significant portion of the source of NNN’s Property Portfolio annual base rent is concentrated in specific industry  classifications, tenants and in specific geographic locations. •  the financial condition of NNN’s tenants may be adversely affected, which may result in tenant defaults under  the leases due to bankruptcy, lack of liquidity, operational failures or for other reasons; •  the ability to borrow on terms and conditions that NNN finds acceptable may be limited or unavailable,  which could reduce NNN’s ability to pursue acquisition and development opportunities and refinance  existing debt, reduce NNN’s returns from acquisition and development activities, reduce NNN’s ability to  make cash distributions to its shareholders and increase NNN’s future interest expense; •  the recognition of impairment charges on or reduced values of NNN’s Properties, which may adversely affect  NNN's results of operations; •  reduced values of NNN's Properties may limit NNN's ability to dispose of assets at attractive prices and  reduce the availability of buyer financing; and •  the value and liquidity of NNN’s short-term investments and cash deposits could be reduced as a result of a  deterioration of the financial condition of the institutions that hold NNN’s cash deposits or the institutions or  assets in which NNN has made short-term investments, the dislocation of the markets for NNN’s short-term  investments, increased volatility in market rates for such investments or other factors. •  47.7% of NNN’s Property Portfolio annual base rent is generated from five retail lines of trade, including  convenience stores (19.7%) and full-service restaurants (9.7%), •  22.7% of NNN’s Property Portfolio annual base rent is generated from five tenants, including Susser  Holdings Corp. (5.0%), Mister Car Wash (4.9%), The Pantry, Inc. (4.4%), 7-Eleven, Inc. (4.2%) and LA  Fitness (4.2%), and •  45.6% of NNN’s Property Portfolio annual base rent is generated from five states, including Texas (20.4%)  and Florida (10.5%).  7