News

BNL Property Acquisition: Rudy’s Bar-B-Q

Broadstone Net Lease has acquired four Rudy’s Country Store and Bar-B-Q properties, located in Austin and Round Rock, Texas. The properties are operated by K&N Management, the licensed area developer of the four locations, under one master lease for an approximate remaining term of 21.5 years.

Rudy’s Country Store and Bar-B-Q (Rudy’s) is a popular Southwestern brand famous for offering a one stop shopping experience, complete with Texas barbeque, access to gas, and convenience store items and amenities. Rudy’s currently has 40 locations throughout the Southwestern U.S. in Texas, Oklahoma, Colorado, New Mexico, and Arizona.

  • Closing Date: May 9, 2016
  • Lease Type: Triple-net
  • Lease Length:  21.5 years
  • Rent Increases: 9% every 3 years
  • Broker/Source: Darrell Betts/Avison Young

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).