---
title: "Broadstone Net Lease adds $23M in committed build-to-suit pipeline for Hobby Lobby, Academy Sports"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296952683.md"
description: "Broadstone Net Lease added $23 million to its build-to-suit pipeline with two land-secured projects for Hobby Lobby and Academy Sports. Construction began in August 2026, targeting stabilization by June 2027 under 15-year leases. The combined investment is approximately $22.8 million, with estimated cash capitalization rates around 7.1% and straight-line yields between 7.3% and 7.4%."
datetime: "2026-08-25T20:23:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296952683.md)
  - [en](https://longbridge.com/en/news/296952683.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296952683.md)
generator: "portal-rs"
---

# Broadstone Net Lease adds $23M in committed build-to-suit pipeline for Hobby Lobby, Academy Sports

**Broadstone Net Lease added $23 million to its committed build-to-suit pipeline with two off-market, land-secured projects expected to deliver in Q2 2027.**

**Key Highlights:**

-   Secured land and started construction on two build-to-suit developments for Hobby Lobby and Academy Sports.
-   Combined estimated total project investment of $22.776 million ($10.339M Hobby Lobby; $12.437M Academy Sports).
-   Both projects began in Aug. 2026 with target stabilization in Jun. 2027 and 15-year lease terms.
-   Estimated remaining investments: $8.706M for Hobby Lobby and $10.256M for Academy Sports.
-   Estimated cash capitalization rates ~7.1% and straight-line yields of 7.4% (Hobby Lobby) and 7.3% (Academy Sports).

Original SEC Filing: Broadstone Net Lease, Inc. \[ BNL \] - 8-K - Aug. 25, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**