Healthcare: Broadstone REIT Buys Seven Additional Net-Leased Properties
ROCHESTER, New York
Broadstone Real Estate, LLC today announced that Broadstone Net Lease, Inc. (BNL) recently completed the acquisition of a portfolio of seven triple net-leased properties described below. The combined purchase price was $8.8MM.
On October 19, 2010 BNL acquired seven Taco Bell sites located in Tennessee and Arkansas. The sites are leased to K-Mac Enterprises, Inc., a leading Taco Bell franchisee, and have an initial lease term of 15 years. BNL has acquired 11 net-leased properties for a combined purchase price of $32.1MM so far in 2010, and is expected to complete several more transactions before year end.
Broadstone Net Lease, Inc. is a private Real Estate Investment Trust (REIT) that invests in freestanding, single-tenant, net-leased properties located throughout the United States. BNL now holds a diversified portfolio of medical office, restaurant, convenience store, specialty office and distribution centers, including 65 properties located in 18 states. It is currently targeting acquisitions in the $5 to $15 million range. Additional information can be found at www.BroadstoneRE.com.
SOURCE Broadstone Real Estate, LLC