US convenience and automotive retail real estate trust Getty Realty has acquired a $100m (€85.4m) Texas convenience store portfolio.
The NYSE-listed net lease real estate investment trust said it has acquired the 12 convenience stores in a sale and leaseback with a subsidiary of regional convenience store chain Now & Forever.
The convenience stores, located in the West and Southwest submarkets of Houston, average more than 8,000sqft.
Getty Realty said it has invested approximately $233m into convenience and automotive retail assets so far this year, at an initial cash yield of 7.9%, with $56m deployed in the third quarter of the year.
As of 30 June 2025, the company’s overall portfolio included 1,137 freestanding properties spanning 44 US states and Washington, DC.
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