secwatch.observer — SEC 8-K summary
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Issuer:     Broadstone Net Lease, Inc. (BNL)
CIK:        0001424182
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0000950170-25-058222
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadstone Net Lease adds $78.2M build-to-suit with Prologis; FCA US warehouse in pipeline
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- New $78.2M development partnership with Prologis (NYSE: PLD) for a build-to-suit industrial project.
- FCA US (Stellantis) distribution warehouse in Forsyth, GA expected to deliver Q3 2026; 422k sq ft.
- Total in-process committed pipeline of $311 million across 6 developments with 7.4% cash cap rate.
- Cumulative investment on all projects $251M; remaining funding needed $255.8M as of April 24, 2025.
- Stabilized UNFI facility in Sarasota, FL completed earlier; weighted-average straight-line yield 8.8%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424182/000095017025058222/0000950170-25-058222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424182/000095017025058222/bnl-20250424.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-058222

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer