Broadstone Net Lease has acquired a portfolio of five Applebee’s restaurants with locations across Utah. The properties were acquired via a sale-leaseback transaction, and are operated by William Tell, Inc., a multi-concept operator.
- Closing Date: March 12, 2015
- Square Footage: 25,639
- Lease Type: Triple-net
- Lease Length: 20 Years
- Rent Increases: 2.25% annually
- Broker/source: Robert Hersch, Mastadon Ventures
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).