---
schema_version: "secwatch.filing_event.v1"
accession: "0001424182-25-000041"
form_type: "8-K"
ticker: "BNL"
cik: "0001424182"
company_name: "Broadstone Net Lease, Inc."
filed_at: "2025-11-04T23:59:59+00:00"
generated_at: "2026-05-17T00:35:43.880443+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Broadstone Net Lease completes first MRO facility, adds $21M to build-to-suit pipeline

## Summary
- First MRO facility at Dayton airport for Sierra Nevada Corp reached substantial completion; rent commenced Nov 1, 2025.
- Second MRO facility expected substantial completion in Q1 2026.
- Secured land and started construction on two new off-market developments for Hobby Lobby and Academy Sports.
- Combined estimated total investment for in-process projects is $332.8M; remaining $221.6M to fund.
- Stabilized development investments total $596M with a weighted average cash cap rate of 7.3%.

## SEC filing metadata
- accession: 0001424182-25-000041
- form_type: 8-K
- ticker: BNL
- cik: 0001424182
- company_name: Broadstone Net Lease, Inc.
- filed_at: 2025-11-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424182/000142418225000041/0001424182-25-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424182/000142418225000041/bnl-20251104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001424182-25-000041
- JSON: https://secwatch.observer/filing/0001424182-25-000041.json
- Plain text: https://secwatch.observer/filing/0001424182-25-000041.txt

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