Getty Realty closes USD 260.9 million Refuel sale-leaseback for 41 convenience stores
Bitget2026/09/28 13:02- Getty Realty closed a USD 260.9 million sale-leaseback with Refuel, acquiring 41 convenience stores under four long-term net leases.
- Portfolio spans South Carolina, North Carolina, Texas, Mississippi; unitary leases carry 20-year initial terms with rent bumps every five years.
- Refuel becomes the third-largest tenant on a pro forma basis, contributing about 7.7% of annualized base rent.
- Funding plan targets leverage neutrality using forward equity proceeds, a new unsecured term loan, property dispositions.
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