Broadstone Net Lease, Inc.
For the period ended Oct 28, 2026. Filed Oct 28, 2026.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Oct 28, 2026 · Filed Oct 28, 2026
Use the contents to explore the available documents and sections.
Contents
EX-99.1 · DEVELOPMENT PROJECTS
DEVELOPMENT PROJECTS
The following tables summarize our in-process and stabilized build-to-suit ("BTS") projects as of the date of this release October 28, 2026.
| Build-to-suit developments | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Property | Projected Rentable Square Feet | Start Date | Target Stabilization Date/Stabilized Date | Lease Term (Years) | Annual Rent Escalations | Estimated Total Project Investment | Cumulative Investment | Estimated Remaining Investment | Estimated Cash Capitalization Rate | Estimated Straight-line Yield (1) |
| In-process retail BTS: | ||||||||||
| Academy Sports (Magnolia, TX) | 55 | Feb. 2026 | Nov. 2026 | 15.0 | 0.5% | $12,975 | $10,262 | $2,713 | 7.3% | 7.5% |
| Tesla, Inc. (Las Vegas, NV) | 60 | Jun. 2026 | Nov. 2027 | 15.0 | 3.0% | 39,794 | 19,573 | 20,221 | 6.7% | 8.3% |
| Hobby Lobby (Manor, TX) | 55 | Aug. 2026 | Jun. 2027 | 15.0 | 0.5% | 10,339 | 1,759 | 8,580 | 7.1% | 7.4% |
| Academy Sports (Manor, TX) | 55 | Aug. 2026 | Jun. 2027 | 15.0 | 0.4% | 12,437 | 2,321 | 10,116 | 7.1% | 7.3% |
| In-process industrial BTS: | ||||||||||
| Amazon.com Services, LLC (Sarasota, FL) | 230 | Feb. 2026 | May. 2027 | 15.0 | 2.3% | 46,790 | 30,413 | 16,377 | 7.5% | 8.8% |
| Tesla, Inc. (Austin, TX) | 130 | Apr. 2026 | Oct. 2027 | 12.0 | 3.0% | 30,983 | 8,963 | 22,020 | 6.7% | 7.9% |
| Fortune 20 Investment-Grade Company (Colorado) | 112 | Jul. 2026 | Mar. 2027 | 15.0 | 3.0% | 303,000 | 76,751 | 226,249 | 8.5% | 11.6% |
| 697 | 14.8 | 2.7% | $456,318 | $150,042 | $306,276 | 8.0% | 10.4% | |||
| Stabilized industrial BTS: | ||||||||||
| Sierra Nevada (Dayton, OH) | 122 | Oct. 2024 | Nov. 2025 | 15.0 | 3.0% | 53,625 | 53,625 | — | 7.5% | 9.3% |
| Sierra Nevada (Dayton, OH) | 122 | Oct. 2024 | Mar. 2026 | 15.0 | 3.0% | 52,203 | 52,203 | — | 7.6% | 9.4% |
| Fiat Chrysler Automobile (Forsyth, GA) | 422 | Apr. 2025 | May. 2026 | 15.0 | 3.0% | 72,215 | 70,402 | 1,813 | 6.6% | 8.2% |
| AGCO (Visalia, CA) | 115 | Jun. 2025 | Aug. 2026 | 12.0 | 3.5% | 19,010 | 17,340 | 1,670 | 7.0% | 8.5% |
| Palmer Logistics (Midlothian, TX) (2) | 270 | Jul. 2025 | Aug. 2026 | 12.3 | 3.5% | 31,723 | 31,723 | — | 7.6% | 9.2% |
| Southwire (Bremen, GA) | 1,178 | Dec. 2024 | Oct. 2026 | 10.0 | 2.6% | 115,411 | 100,495 | 14,916 | 7.8% | 8.8% |
| Stabilized retail BTS: | ||||||||||
| 7Brew (Jacksonville, FL) | 1 | Jun. 2025 | Nov. 2025 | 15.0 | 1.9% | 2,005 | 2,005 | — | 8.0% | 8.8% |
| Sprouts (Bedford, TX) | 22 | Jul. 2025 | Sep. 2026 | 15.0 | 0.9% | 9,533 | 7,003 | 2,530 | 7.2% | 7.7% |
| Hobby Lobby (Granbury, TX) | 55 | Oct. 2025 | Sep. 2026 | 15.0 | 0.7% | 8,129 | 5,472 | 2,657 | 7.1% | 7.4% |
| Academy Sports (Granbury, TX) | 55 | Oct. 2025 | Sep. 2026 | 15.0 | 0.6% | 12,393 | 9,068 | 3,325 | 7.1% | 7.4% |
| Academy Sports (Waco, TX) | 68 | Dec. 2025 | Sep. 2026 | 15.0 | 0.6% | 14,488 | 10,063 | 4,425 | 7.2% | 7.5% |
| Total / weighted average | 3,127 | 14.0 | 2.7% | $847,053 | $509,441 | $337,612 | 7.7% | 9.6% | ||
1 Represents our pro-rata share of the estimated first year yield to be generated on a real estate investment, which was computed at the time of investment based on the estimated annual straight-line rental income computed in accordance with GAAP, divided by the estimated total project investment.
2 Development represents our common and preferred equity investments in a consolidated joint venture, and excludes amounts attributed to non-controlling interest holders.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.