(in thousands)<\/i><\/p>\n
\n\u00a0<\/p>\n
\n\u00a0<\/p>\n
Property<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n
Total<\/b><\/p>\n
Rentable<\/b><\/p>\n
Square<\/b><\/p>\n
Feet<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n
Start<\/b><\/p>\n
Date<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n
Target<\/b><\/p>\n
Stabilization<\/b><\/p>\n
Date<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n
Lease<\/b><\/p>\n
Term<\/b><\/p>\n
(Years)<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n
Annual<\/b><\/p>\n
Rent<\/b><\/p>\n
Escalations<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n
Estimated<\/b><\/p>\n
Total<\/b><\/p>\n
Project<\/b><\/p>\n
Investment<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n
Cumulative<\/b><\/p>\n
Investment<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n
Estimated<\/b><\/p>\n
Remaining<\/b><\/p>\n
Investment<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n
Estimated<\/b><\/p>\n
Cash<\/b><\/p>\n
Capitalization<\/b><\/p>\n
Rate<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n
Estimated<\/b><\/p>\n
Straight-line<\/b><\/p>\n
Yield 1<\/sup><\/b><\/p>\n<\/td>\n<\/tr>\n In-process industrial:<\/span><\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFortune 20 Investment-Grade Company (Colorado)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n112<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nJul. 2026<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nMar. 2027<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n15.0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.0 %<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n303,000<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n69,778<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n233,222<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8.5 %<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11.6 %<\/p>\n<\/td>\n<\/tr>\n<\/table>\n 1<\/sup> 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.<\/i><\/p>\n \nThe development will be delivered as a powered shell with substantial completion and rent commencement anticipated by March 2027. The site is designed to accommodate a second powered shell building, and the tenant holds a right of first refusal on any future development thereof under the lease. The joint venture owns and controls the land for the full campus, providing future development optionality.<\/p>\n About Broadstone Net Lease, Inc.<\/b><\/p>\n \nBNL is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of March 31, 2026, BNL\u2019s diversified portfolio consisted of 773 individual net leased commercial properties with 766 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, retail, and other property types.<\/p>\n Forward-Looking Statements<\/b><\/p>\n \nThis press release contains \u201cforward-looking\u201d statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies, and prospects, both business and financial. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as \u201coutlook,\u201d \u201cpotential,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cseeks,\u201d \u201capproximately,\u201d \u201cprojects,\u201d \u201cpredicts,\u201d \u201cexpect,\u201d \u201cintends,\u201d \u201canticipates,\u201d \u201cestimates,\u201d \u201cplans,\u201d \u201cwould be,\u201d \u201cbelieves,\u201d \u201ccontinues,\u201d or the negative version of these words or other comparable words. Forward-looking statements, including our 2026 guidance and assumptions, rent commencement timing, and build-to-suit developments, involve known and unknown risks and uncertainties, which may cause BNL\u2019s actual future results to differ materially from expected results, including, without limitation, risks and uncertainties related to general economic conditions, including but not limited to increases in the rate of inflation and\/or fluctuation of interest rates, local real estate conditions, tenant financial health, property investments and acquisitions, and the timing and uncertainty of completing these property investments and acquisitions, and uncertainties regarding future distributions to our stockholders. These and other risks, assumptions, and uncertainties are described in Item 1A \u201cRisk Factors\u201d of the Company\u2019s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 19, 2026 which you are encouraged to read, and is available on the SEC\u2019s website at www.sec.gov<\/a>. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company assumes no obligation to, and does not currently intend to, update any forward-looking statements after the date of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise.<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260708751543\/en\/<\/a><\/span><\/p>\n Company Contact:<\/b><\/p>\n \nBrent Maedl KEYWORDS:<\/b> United States North America New York Colorado<\/p>\n INDUSTRY KEYWORDS:<\/b> REIT Finance Professional Services Commercial Building & Real Estate Construction & Property<\/p>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/p>\n
\n
Director, Corporate Finance & Investor Relations
\n
brent.maedl@broadstone.com
\n<\/a>
585.382.8507<\/p>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20260708751543\/en\/1074526\/3\/BroadstoneNetLease_navy-01.jpg\")
<\/td>\n<\/tr>\n