Getty Realty acquires 12 convenience stores in Houston, Texas

Getty Realty has completed the takeover of 12 convenience stores in Houston in the US state of Texas for $ 100 million.

The listed Net Lease Real Estate Investment Trust (Reit) bought the shops as part of a sale-leasing contract with the private regional convenience store chain Now & Forever.

The acquired properties with an average area of ​​more than 8,000 feet are located at prominent corners of the most important retail corridors in Houston’s west and southwest parts markets.

The shops offer prepared brand or own brand meals prepared for order.

Getty Realty has also concluded a long -term uniform net reader contract with a subsidiary of Now & Forever.

The rental agreement initially has a term of 15 years, with several extension options and planned rent increases every five years.

Getty Realty focuses on the acquisition, financing and development of individual tenants-single-trade properties, including convenience stores and automotive locations.

As of June 30, 2025, the portfolio 1,137 free-standing properties in 44 US states and Washington DC.

In the course of the year to October, Getty Realty invested $ 233 million in convenience and automotive retail objects with an initial barrierendite of 7.9 %, including $ 56 million in quarter on September 30th.

In the second quarter of 2025, the company recorded a net profit per share (EPS) of $ 0.24.

Christopher J. Constant, President and CEO of Getty, said: “We are experiencing a positive dynamic in our entire company, including the identification of new investment opportunities, the increase in our profit forecast for the year 2025 and the message of an increased tenant coverage. In combination with our strong balance sheet and liquidity position, we are well positioned for the second half of 2025.”

“Getty Realty acquires 12 convenience stores in Houston, Texas” was originally created and published by Retail Insight NetworkA brand owned by Globaldata.

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