Thoughtful Construction, Intentional Diversification.

Granular diversification by geography, tenant, industry, and brand provides significant downside protection from tenant and local market disruptions. Our diversified strategy has been proven to produce consistent and reliable results for our Stockholders throughout multiple real estate cycles.

$~M

Annualized
Base Rent

Key Statistics:

Portfolio

~

Properties

~

States

~

Tenants

~

Industries

~

Year WALT

~%

Annual Escalations

Industrial 59.6%
  • Manufacturing 17.7%
  • Distribution & Warehouse 17.5%
  • Food Processing 12.5%
  • Flex and R&D 5.6%
  • Industrial Services 3.8%
  • Cold Storage 2.5%
Retail 31.2%
  • General Merchandise 7.4%
  • Casual Dining 6.9%
  • Quick Service Restaurants 6.7%
  • Automotive 3.1%
  • Animal Services 2.9%
  • Home Furnishings 1.9%
  • Healthcare Services 1.5%
  • Education 0.8%
Other 9.2%
  • Office 6.0%
  • Clinical & Surgical 3.2%

Industrial Overview

We focus on single-tenant manufacturing, warehouse and distribution facilities, food processing, refrigerated storage, flex-space, and research and development facilities where the tenant has a strong credit profile and experienced management team. We predominantly look for industrial assets where the real estate is mission critical to the tenant’s operations, where the property sits on an essential or strategic location for the tenant, and where it would be difficult or more expensive for the tenant to relocate. We look for industrial properties that are located in close proximity to major transportation thoroughfares such as airports, ports, railways, major freeways or interstate highways.

Retail Overview

We are primarily focused on long-term, fee simple, ownership of properties leased to national or large regional retailers operating in e-commerce resistant industries where the presence of a physical location is important to the end consumer and mission critical to the tenant. Our retail investments are primarily in single-tenant, net leased retail establishments in the general merchandise, casual dining, quick service restaurant, automotive, animal services, home furnishings, and consumer-centric healthcare industries. We underwrite retail properties primarily based on the fundamental value of the underlying real estate, site level performance, corporate owned location or experienced multi-unit franchise operators, and whether the property is subject to a master lease with multiple operating locations. We place emphasis on retail investments located in highly trafficked retail corridors with strong demographic attributes, ensuring desirability.

Texas

  • Annualized Base Rent: $~M
  • Percent Total ABR: ~%
  • Properties: ~
  • Tenants: ~
  • Property Type Diversification
  • Industrial: $~~~M | ~.~%
  • Retail: $~~~M | ~.~%
  • Other: $~~~M | ~.~%

Texas

  • Annualized Base Rent: $~M
  • Percent Property Type ABR: ~%
  • Properties: ~
  • Tenants: ~
  • Sub-Property Type
    Diversification
Tenant Property Type Property
Sub-Type		 # Properties ABR
($'000s)		 ABR as a % of Total Portfolio
Roskam Baking Industrial Food Processing 7 $16,236 4.1%
UNFI Industrial Distribution & Warehouse 1 $13,680 3.5%
AHF Products Industrial Distribution & Warehouse / Manufacturing 8 $9,612 2.4%
Ryerson Industrial Distribution & Warehouse 11 $7,897 2.0%
Jack's Family Restaurants Retail QSR 43 $7,605 1.9%
Tenant Property Type Property
Sub-Type		 # Properties ABR
($'000s)		 ABR as a % of Total Portfolio
Roskam Baking Industrial Food Processing 6 $16,028 4.1%
UNFI Industrial Distribution & Warehouse 1 $13,680 3.5%
AHF Products Industrial Distribution & Warehouse / Manufacturing 8 $9,612 2.4%
Ryerson Industrial Distribution & Warehouse 11 $7,897 2.0%
Axcelis Industrial Flex and R&D 1 $6,263 1.6%
Tenant Property Type Property
Sub-Type		 # Properties ABR
($'000s)		 ABR as a % of Total Portfolio
Jack's Family Restaurants Retail QSR 43 $7,605 1.9%
Tractor Supply Co. Retail General Merchandise 23 $6,449 1.6%
J. Alexander's Retail Casual Dining 16 $6,300 1.6%
Dollar General Retail General Merchandise 60 $5,992 1.5%
BluePearl Retail Animal Services 13 $5,846 1.5%
Tenant Property Type Property
Sub-Type		 # Properties ABR
($'000s)		 ABR as a % of Total Portfolio
Arkansas Surgical Hospital Other Clinical & Surgical 1 $4,702 1.2%
Aventiv Other Office 1 $4,127 1.0%
Centene Management Company Other Office 1 $3,706 0.9%
Harris Beach Other Office 1 $3,080 0.8%
Verizon Other Office 1 $2,660 0.7%
Portfolio:

Broadstone Net Lease invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. We primarily, and selectively, invest in real estate across industrial and retail property types. We target properties with credit-worthy tenants in industries characterized by positive business drivers and trends, where the properties are an integral part of the tenants’ businesses and there are opportunities to secure long-term net leases. Through long-term net leases, our tenants are able to retain operational control of their strategically important locations, while allocating their debt and equity capital to fund core business operations rather than real estate ownership.

Data shown as of December 31, 2024.

Broadstone owns a winery bottling and warehousing facility favorably located to the Napa and Sonoma wine regions. Tenant has continually invested in equipment and site improvements both at acquisition and throughout Broadstone’s ownership of the property, adding both value and utility to the location.

Data shown as of December 31, 2024.

Broadstone currently leases nine properties to a nationwide family of emergency and specialty animal hospitals. Since 2016, the tenant and Broadstone continue to partner through add on sale leaseback transactions and landlord-funded expansions.

Broadstone owns 43 properties leased to a quick service burger restaurant chain and located throughout Alabama, Mississippi, Tennessee, and Georgia. The tenant has maintained a robust renovation and refresh program on these properties, including a number of full scrape and rebuilds, continuously adding value to the portfolio.

BNL owns 43 properties leased to a quick service burger restaurant chain and located throughout Alabama, Mississippi, Tennessee, and Georgia. The tenant has maintained a robust renovation and refresh program on these properties, including a number of full scrape and rebuilds, continuously adding value to the portfolio.

Data shown as of December 31, 2024.

This university-operated property in Florida was built-to-suit for the college. The property has been continually utilized by the college since acquisition, including throughout the COVID pandemic. The building is attractive, has been well maintained and is situated among other college-owned buildings, making it an important component of the campus.

Portfolio Contacts

Broadstone’s Property Management group prioritizes tenant relationships and asset enhancement and protection. We partner with tenants to negotiate lease amendments and renewals, approve landlord and tenant funded expansion and alteration projects, manage lease compliance, and oversee landlord-required onsite property management, maintenance, and repair.

The PM group is organized into teams that specialize in specific industries.  Each industry team is led by one of our experienced VPs of Property Management with support by a manager and a cross-industry support staff to ensure that each property and tenant receives individualized attention necessary for long-term success. 

Property Management

Portfolio Contacts

Broadstone’s Leasing & Dispositions group oversees property dispositions, vacant property leasing rollovers, transaction due diligence and support, and lease compliance and administration.

Members of the L&D group are divided into several crossover teams that handle a variety of functions. The dispositions team spearheads all efforts related to the disposition of portfolio properties, including negotiation, due diligence and closing, in addition to leasing vacant property and lease rollover decision-making. The due diligence and transaction team coordinates activities surrounding the acquisition of portfolio properties, from first look, to management of due diligence, to closing, and beyond. The leasing group manages all aspects of lease compliance, including financial reporting, budgeting, reconciliations, and interfacing with third-party managers.

Leasing & Dispositions