News

BNL Acquisition: Applebee’s Portfolio

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).