Broadstone Net Lease has acquired a portfolio of 18 Red Lobster restaurants with locations in 14 states. The properties were acquired via two separate sale leaseback transactions. Red Lobster is the largest seafood restaurant concept in the world, with 705 restaurants in the U.S., and 43 franchised restaurants in international markets. Continue reading
Broadstone Net Lease (BNL) today announced the property disposition of a Saint Louis, MO property formerly tenanted by Jeffco Leasing Company. The sale closed on December 29, 2015.
BNL currently owns 340 properties in 34 states.
Broadstone Net Lease has acquired one additional property tenanted by American Roller in Oshkosh, Wisconsin. American Roller is a service company that provides new coatings and coverings for steel rollers used in manufacturing. BNL currently owns seven American Roller properties in Wisconsin, Indiana, and South Carolina. The newly acquired property will be added to the existing master lease, which expires in 15 years. Continue reading
Broadstone Net Lease has acquired a portfolio of eight Applebee’s restaurants with locations across Wisconsin. The properties were acquired via lease assumption, and are operated by Wisconsin Hospitality Group, LLC, a multi-concept operator. BNL currently owns 22 Applebee’s restaurants in seven states.
- Closing Date: December 8, 2015
- Square Footage: 41,094
- Lease Type: Triple-net
- Lease Length: 15 Years
- Rent Increases: 1.50% annually
- Broker/source: PJ Behr, CNL Commercial Real Estate
Note: The brand listed may not represent BNL’s actual tenant but a lease guarantor, tenant franchise or a D/B/A (doing business as).
Private REIT Now Owns 314 Properties in 33 States
ROCHESTER, N.Y. – Broadstone Net Lease (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate, continues to grow its national portfolio of triple-net leased properties. On November 23, 2015, BNL announced the acquisition of a property tenanted by Arkansas Surgical Hospital (ASH) via an UPREIT transaction.
Located in North Little Rock, Arkansas, ASH is a short-term acute care surgical hospital that specializes in joint replacement and spinal procedures, with 18 practicing surgeons. Constructed in 2005 and expanded in 2008, the 125,909 square foot facility houses 11 operating rooms. ASH has achieved accreditation by the Accreditation Association for Hospitals and Health Systems (AAHHS). Accreditation distinguishes ASH from many other facilities by proving the hospital provides the highest quality of care to its patients as determined by an independent, external process of evaluation. Continue reading