Broadstone Net Lease announces $303M build-to-suit development for Fortune 20 tenant

Broadstone Net Lease, Inc.

Estimated total investment of $303M in joint venture to develop 112,000 sq ft advanced technology facility in Colorado.
Year-one cash yield of 8.5%, year-two cash yield of 9.7%, straight-line yield of 11.6%.
Triple-net lease with 15-year initial term, two 5-year options, and 3% annual rent increases.
Tenant is a Fortune 20 investment-grade company; will become BNL's largest tenant upon rent commencement.
Transaction expected to be meaningfully accretive to 2027 and 2028 earnings.

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