REBusinessOnline

BROADSTONE AFFILIATE ACQUIRES $14.7 MILLION CONVENIENCE STORE PORTFOLIO

ROCHESTER, N.Y. — Broadstone Net Lease, an affiliate of Rochester-based private REIT Broadstone Real Estate, has acquired a portfolio of convenience stores for $14.7 million. The portfolio consists of seven properties located in New Jersey, Pennsylvania and Kentucky. The properties are triple net-leased to Lehigh Gas Corp. under several different brands. The leases carry an initial term of 20 years. Year to date, Broadstone has acquired 18 net-leased properties for a total of $46.7 million.

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