Monitor BNL's development pipeline execution and future leasing spreads, as successful delivery of these projects could enhance long-term NOI growth and support dividend sustainability.
Price Chart
Executive Summary
Broadstone Net Lease announced two new build-to-suit developments with an aggregate estimated investment of $62.1 million, including an Amazon warehouse in Sarasota, FL and a retail center in Magnolia, TX. These projects expand the company's development pipeline and reinforce its growth strategy in industrial and retail real estate.
Key Facts
- Announced two new build-to-suit developments totaling $62.1 million in estimated investment
- Projects include Amazon.com Services LLC industrial warehouse (230k sq ft) in Sarasota, FL and Academy Sports retail (55k sq ft) in Magnolia, TX
- Amazon project has 15-year lease term with 2.3% annual escalations and 7.5% estimated cash capitalization rate
- Projects are already under construction as of February 2026
- Company highlights depth of tenant/developer relationships and strength of growth strategy
Financial Impact
$62.1 million in new development investments with projected 7.5% average cash cap rate
Risk Factors
- Construction cost overruns or delays
- Leasing risk if tenants don't perform as expected
- Interest rate risk impacting development financing costs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001424182-26-000015 |
| Document: bnl-20260225.htm | 0001424182-26-000015 |
| Document: 0001424182-26-000015-index-headers.html | 0001424182-26-000015 |
| Document: 0001424182-26-000015-index.html | 0001424182-26-000015 |
| Document: 0001424182-26-000015.txt | 0001424182-26-000015 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | 8-K | $18.63 $18.32 | ▼ −1.66% | ▼ −1.53% | $17.22 (−7.57%) |
Sep 22, 2026 4w ago | Institutional Cluster | $19.12 $18.88 | ▼ −1.26% | ▼ −0.07% | $17.22 (−9.94%) |
Aug 10, 2026 11w ago | 8-K | $20.65 $20.78 | ▼ −0.63% | ▼ −1.03% | $17.22 (+16.61%) |
Aug 10, 2026 11w ago | 424B5 | $20.46 $21.22 | ▼ −3.71% | ▼ −3.76% | $17.22 (+15.84%) |
Jul 29, 2026 12w ago | 10-Q/A | $21.50 $21.16 | ▼ −1.58% | ▼ −5.20% | $17.22 (−19.91%) |
Jul 8, 2026 15w ago | 8-K | $21.85 $21.87 | ▲ +0.09% | ▼ −0.77% | $17.22 (−21.19%) |
Apr 29, 2026 25w ago | 8-K | $19.80 $19.86 | ▲ +0.30% | ▼ −1.42% | $17.22 (−13.03%) |
Mar 20, 2026 31w ago | DEFA14A | $18.34 $18.29 | ▼ −0.27% | ▲ +3.30% | $17.22 (−6.09%) |
Feb 25, 2026 34w ago | 8-K | $19.09 $18.60 | ▼ −2.58% | ▼ −1.48% | $17.22 (−9.82%) |
US Market Status
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