---
schema_version: "secwatch.filing_event.v1"
accession: "0001424182-26-000072"
form_type: "8-K"
ticker: "BNL"
cik: "0001424182"
company_name: "Broadstone Net Lease, Inc."
filed_at: "2026-08-25T20:12:59+00:00"
generated_at: "2026-08-25T20:14:10.251607+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Broadstone Net Lease adds $23M to build-to-suit pipeline with two new developments

## Summary
- Two build-to-suit projects for Hobby Lobby and Academy Sports, each 55k sq ft in Manor, TX.
- Estimated total project investment: $10.3M (Hobby Lobby) and $12.4M (Academy Sports), totaling ~$22.8M.
- Both have 15-year leases, annual rent escalations of 0.5% and 0.4%, and estimated cash cap rate of 7.1%.
- Construction started Aug 2026; target stabilization June 2027; deals sourced off-market and directly.
- Estimated straight-line yields of 7.4% (Hobby Lobby) and 7.3% (Academy Sports).

## SEC filing metadata
- accession: 0001424182-26-000072
- form_type: 8-K
- ticker: BNL
- cik: 0001424182
- company_name: Broadstone Net Lease, Inc.
- filed_at: 2026-08-25T20:12:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424182/000142418226000072/0001424182-26-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424182/000142418226000072/bnl-20260825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001424182-26-000072
- JSON: https://secwatch.observer/filing/0001424182-26-000072.json
- Plain text: https://secwatch.observer/filing/0001424182-26-000072.txt

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