secwatch.observer — SEC 8-K summary
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Issuer:     Broadstone Net Lease, Inc. (BNL)
CIK:        0001424182
Form:       8-K
Filed at:   2026-08-25T20:12:59+00:00
Accession:  0001424182-26-000072
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424182/000142418226000072/0001424182-26-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424182/000142418226000072/bnl-20260825.htm
  HTML page:      https://secwatch.observer/filing/0001424182-26-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer