Broadstone Net Lease Adds $23 Million to its Committed Pipeline of Build-to-Suit Developments
Broadstone Net Lease has added approximately $23 million to its committed pipeline by securing land and starting construction on two build-to-suit developments. The projects, located in Manor, Texas, are for Hobby Lobby and Academy Sports with 15-year initial lease terms and an estimated 7.1% cash-on-cash yield.
Key figures
- Deal Value Usd
- 23000000
- Cash yield
- 7.1%
- Delivery quarter
- Q2 2027
- Lease term years
- 15
- Properties count
- 2
- Hobby lobby investment usd
- 10339000
- Academy sports investment usd
- 12437000
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.