Broadstone Net Lease has acquired two properties in Texas tenanted by Federal Heath Sign Company, LLC. Headquartered in Oceanside, California, Federal Heath is a market leader in the digital, illuminated, and non-illuminated retail sign industry. Additional offerings include canopy and fascia products, maintenance services, nationwide retail conversions, and commercial remodeling for high profile companies in the retail, restaurant, hotel, finance, petroleum, automotive, hospitality, corporate identification, and gaming markets. The two Texas properties serve as Federal Heath’s primary sign manufacturing facilities, and were acquired via lease assumption.
- Closing Date: September 28, 2015
- Square Footage: 216,734
- Lease Type: Triple-net
- Lease Length: 8 Years, 12 Years
- Rent Increases: 2.50% Annually
- Broker/source: Reed Hudson, The Tom Hudson Co.
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).