News

BNL Acquisition: Applebee’s Portfolio

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).