Getty Realty closes $260.9 million sale leaseback of 41 convenience stores with Refuel
Getty Realty said its subsidiary bought a portfolio of 41 convenience store properties in Mississippi, North Carolina, South Carolina and Texas from Refuel affiliates for approximately $260.9 million, with the acquisition closing at the same time as the agreement was signed. The properties were leased back to Refuel under four 20-year triple net leases, and the company plans to fund the deal mainly with forward equity sales, a new unsecured term loan and property dispositions.
Key points
- Purchase price of approximately $260.9 million for 41 convenience store properties, signed and closed on September 22, 2026
- Refuel becomes the company's third largest tenant, representing approximately 7.7% of annualized base rent, pro forma for the transaction and other activity after June 30, 2026
- Planned funding includes about $100.0 million from forward equity sales and about $100.0 million from a $200.0 million unsecured term loan expected to close in October 2026
- Year-to-date investment reached approximately $455.2 million at a 7.1% initial cash yield, including this transaction
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:55 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 28, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.