Lucky Strike acquires 58 properties for $306M, eliminates $21M annual rent

Lucky Strike Entertainment Corp

Acquired 58 triple-net leased properties from BW Bowling Net Lease I REIT LLC for $306M; all are existing Lucky Strike locations.
Transition from lessee to owner eliminates $21M annual rent (subject to 5-yr escalations) and captures $80M EBITDAR.
Financed via $230M bridge term loan, revolver draws, and cash on hand; transaction is immediately accretive and deleveraging.
Portfolio spans 16 states including CA, IL, GA, AZ, CO; strengthens control over strategic assets.

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