Broadstone Net Lease (BNL) has acquired seven Red Lobster restaurants with locations in six states via a sale leaseback transaction. The properties were added to an existing master lease, with a remaining term of 23 years. BNL currently owns 25 Red Lobster properties in 15 states.
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BNL Property Disposition
Broadstone Net Lease (BNL) today announced the disposition of a Hastings, NE Wendy’s property. The sale closed on June 10, 2016.
BNL currently owns 372 properties in 34 states.
Broadstone Net Lease Acquires 19 Properties in Five States
Private REIT Now Owns 373 Properties in 34 States
ROCHESTER, N.Y. – Broadstone Net Lease (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC, continues to grow its national portfolio of triple-net leased properties. Today, BNL announced the acquisition of 19 properties tenanted by Raben Tire Co., LLC (Raben) via a sale leaseback transaction.
Headquartered in Evansville, Indiana, Raben operates 28 stores, three retreading facilities, and two wholesale distribution centers across six Midwestern states. The company offers new and retreaded tires, as well as automotive repair services on behalf of retail, commercial, and wholesale customers. Continue reading
BNL Property Acquisition: Raben Tire Co, LLC
Broadstone Net Lease has acquired 19 properties tenanted by Raben Tire Co., LLC. The recently acquired properties, which are located in Arkansas, Illinois, Indiana, Kentucky, and Missouri, total 450,711 square feet, and are tenanted under one master lease for an initial term of 17 years.