News

BNL Property Acquisition: Sonic portfolio

Broadstone Net Lease has acquired a portfolio of six Sonic restaurants located in Kentucky and Tennessee via lease assumption.

Headquartered in Oklahoma City, OK, Sonic has 3,500+ locations in 45 states. BNL currently owns 11 Sonic properties in four states.

  • Closing Date: October 3, 2016
  • Square Footage: 8,464
  • Lease Type: Triple-net
  • Lease Length: 10 years
  • Broker/Source: Paul Bonanno/Net Lease Realty

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).