News

BNL Acquisition: Sportech Portfolio

Broadstone Net Lease has acquired two properties tenanted by Sportech located in Elk River, Minnesota. Sportech is a leading manufacturer of OEM accessories for the powersports industry. The two facilities include the corporate headquarters for Sportech, as well as production and assembly operations. The corporate headquarters/production facility has a long-term lease commitment of 15 years, and the assembly facility carries a 5 year lease. Both properties were acquired via sale-leaseback transactions.

  • Closing Date: March 31, 2015
  • Square Footage: 142,909 combined
  • Lease Type: Triple-net
  • Lease Length:  15 and 5 Years
  • Rent Increases: 2.00% annually
  • Broker/source: Judson Welliver, CBRE

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).