other material
confidence high
sentiment positive
materiality 0.55
Broadstone Net Lease adds $39.8M Tesla build-to-suit development in Las Vegas
Broadstone Net Lease, Inc.
- Estimated total project investment $39.8M for a Tesla sales/service/delivery facility in Las Vegas, NV.
- 60,000 rentable sq ft, 15-year lease term, 3% annual escalations, stabilization expected Nov. 2027.
- Cash capitalization rate 6.7% and straight-line yield of 8.3% on pro-rata share of investment.
- Cumulative investment to date $19.2M of $39.8M total; pipeline continues to expand via existing developer relationships.