News

BNL Property Acquisition: Red Lobster portfolio

Broadstone Net Lease (BNL) has acquired seven Red Lobster restaurants with locations in six states via a sale leaseback transaction. The properties were added to an existing master lease, with a remaining term of 23 years. BNL currently owns 25 Red Lobster properties in 15 states.

  • Closing Date: June 30, 2016
  • Square Footage: 53,097
  • Lease Type: Triple-net
  • Lease Length: 23  Years
  • Rent Increases: 2.00% annually

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).