Broadstone Net Lease Reaches Substantial Completion on the First MRO Facility at the Previously Announced Sierra Nevada Development and Adds $21 million to its Committed Pipeline of Build-to-Suit Developments

VICTOR, N.Y. – Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL”, the “Company”, “we”, “our”, or “us”), today announced it has reached substantial completion on the first of two maintenance, repair and overhaul hangers, commonly referred to as MROs, at Dayton International Airport, supporting Sierra Nevada Corporation’s work with the U.S. Air Force at nearby Wright-Patterson Air Force Base in replacing the aging fleet of E4B nightwatch planes, also known as the National Airborne Operation Center or Doomsday Aircraft. Contractually scheduled rent for this facility commenced on November 1, 2025, and will scale up to the fully stabilized amount as final construction work is completed in the coming months. The second MRO facility is scheduled to reach substantial completion in the first quarter of 2026.

BNL also announced today that we have secured the land and started construction on two additional build-to-suit developments for Hobby Lobby and Academy Sports, both of which were directly sourced, off-market transactions, and are expected to deliver in the third and fourth quarter of 2026. The following table summarizes our in-process and stabilized developments as of November 3, 2025.

To download a PDF of the full press release, click here.