Getty Realty Corp. Announces the Acquisition of $100 Million Houston Convenience Store Portfolio

Core Insights - Getty Realty Corp. has completed a sale leaseback transaction acquiring 12 convenience stores for $100 million, entering into a long-term net lease with Now & Forever [1][2] - The company has invested approximately $233 million year-to-date in convenience and automotive retail assets, achieving a 7.9% initial cash yield [3] Investment Activity - The acquired convenience stores are strategically located in high-income submarkets of Houston, TX, averaging over 8,000 square feet and offering made-to-order food options [2] - The lease agreement has an initial term of 15 years with multiple renewal options and rent increases every five years [2] Company Overview - Getty Realty Corp. is a publicly traded net lease REIT focused on convenience, automotive, and single-tenant retail real estate, with a portfolio of 1,137 properties across 44 states and Washington, D.C. as of June 30, 2025 [4]