Broadstone Net Lease has acquired a portfolio of 36 Jack’s Family Restaurants located in Alabama, Georgia, and Tennessee. Headquartered in Homewood, Alabama, Jack’s is a premium QSR chain with a 55-year legacy of serving Southern-inspired food. The properties were acquired via a sale leaseback transaction.
- Closing Date: October 5, 2015
- Square Footage: 120,885
- 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).