Broadstone Net Lease has acquired a portfolio of five properties tenanted by Cott Corporation, one of the world’s largest private-label beverage producers. Cott’s business lines include robust residential and office distribution of bottled water and coffee. The five properties are located in Pennsylvania, South Carolina, Texas, Georgia, and Missouri, and are mission-critical to Cott’s processing and distribution operations. The properties were acquired via a sale-leaseback transaction.
- Closing Date: June 26, 2015
- Square Footage: 559,877
- Lease Type: Triple-net
- Lease Length: 20 Years
- Rent Increases: 2.00% Annually
- Broker/source: Coler Yoakam, HFF
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).