News

BNL Property Acquisition: Raben Tire Co, LLC

Broadstone Net Lease has acquired 19 properties tenanted by Raben Tire Co., LLC. The recently acquired properties, which are located in Arkansas, Illinois, Indiana, Kentucky, and Missouri, total 450,711 square feet, and are tenanted under one master lease for an initial term of 17 years.

Headquartered in Evansville, Indiana, Raben operates 28 stores, three retreading facilities, and two wholesale distribution centers across six Midwestern states. The company offers new and retreaded tires, as well as automotive repair services on behalf of retail, commercial, and wholesale customers.

  • Closing Date: May 20, 2016
  • Square Footage: 450,711
  • Lease Type: Triple-net
  • Lease Length:  17 years
  • Broker/Source: Andy Sandquist/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).