---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-071302"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2023-08-28T23:59:59+00:00"
generated_at: "2026-06-11T02:52:35.342961+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# RumbleOn signs $56.9M sale-leaseback on 9 properties; proceeds to reduce debt

## Summary
- Aggregate purchase price $56,858,693 from NNN REIT for 9 properties across multiple states.
- Expected net cash proceeds ~$55 million after taxes/fees; company will use proceeds to reduce debt.
- 15-year triple net leases with five 5-year renewal options; base rent $4.26M/yr with CPI cap at 2%.
- Buyer has inspection periods and may terminate for any property for any reason; closings within 10 days after inspections.
- RumbleOn subsidiaries will lease back properties; RumbleOn guarantees all tenant obligations under the leases.

## SEC filing metadata
- accession: 0001213900-23-071302
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2023-08-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000121390023071302/0001213900-23-071302-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000121390023071302/ea184330-8k_rumbleon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-071302
- JSON: https://secwatch.observer/filing/0001213900-23-071302.json
- Plain text: https://secwatch.observer/filing/0001213900-23-071302.txt

## Key facts
- Material Agreements
  RideNow Group, Inc. entered into Real Estate Purchase and Sale Contract with NNN REIT, LP valued at $56,858,693 (effective 2023-08-22).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: NNN REIT, LP
  - Value: $56,858,693
  - Effective: 2023-08-22
  source text: On August 22, 2023, RumbleOn, Inc. (the “Company”) entered into a Real Estate Purchase and Sale Contract (the “Purchase Agreement”), with NNN REIT, LP (“NNN REIT”), providing for the sale by the Company, as seller, and the purchase by NNN REIT, as buyer, of nine separate properties (each, a “Property” and collectively, the “Properties”) in exchange for an aggregate purchase price of $56,858,693.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390023071302/0001213900-23-071302-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.