Entry into a Material Definitive Agreement · Regulation FD Disclosure
Item 1.01. Entry into a Material Definitive Agreement. On September 22, 2026, Getty Realty Corp., a Maryland corporation (the “Company”), through its wholly owned subsidiary, Getty Leasing, Inc., a Delaware corporation (the “Buyer”), entered into a purchase and sale agreement (the “PSA”) with Refuel Operating Company, LLC, a Delaware limited liability company (“Refuel”), and Blue Horseshoe 2, LLC,…
Getty Realty Corp. is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. As of September 22, 2026, the Company’s portfolio included 1,269 freestanding properties located in 46 states across the United States and Washington, D.C.
Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. Entry into a Material Definitive Agreement.
On September 22, 2026, Getty Realty Corp., a Maryland corporation (the “Company”), through its wholly owned subsidiary, Getty Leasing, Inc., a Delaware corporation (the “Buyer”), entered into a purchase and sale agreement (the “PSA”) with Refuel Operating Company, LLC, a Delaware limited liability company (“Refuel”), and Blue Horseshoe 2, LLC, a South Carolina limited liability company and an affiliate of Refuel (collectively, the “Seller”), to acquire a portfolio of 41 convenience store properties located in Mississippi, North Carolina, South Carolina, and Texas (the “Properties”). The acquisition was consummated simultaneously with the execution of the PSA. In connection with the closing, the Buyer and Refuel entered into four unitary triple net lease agreements, each with an initial term of 20 years, multiple renewal options and rent escalations every five years, pursuant to which the Properties were leased to Refuel. Refuel’s obligations under the leases are guaranteed by FR Refuel, LLC, its parent company. The purchase price under the PSA was approximately $260.9 million. The Company funded the acquisition with a combination of proceeds from forward equity sale agreements, unsecured debt financing, and proceeds from property dispositions. The PSA contains customary representations, warranties, covenants and termination provisions for a transaction of this nature.
Neither Seller is affiliated with the Company and neither Seller has any material relationship with the Company or its subsidiaries, other than in respect of the PSA and as a tenant at six of the Company’s properties.
The foregoing description of the PSA does not purport to be complete and is qualified in its entirety by reference to the PSA, which the Company intends to file as an exhibit to its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On September 22, 2026, the Company issued a press release announcing the closing of the transaction described under Item 1.01. The Company’s press release is attached as Exhibit 99.1 hereto and is incorporated by reference in this Item 7.01.
Filed exhibits (1)
EX-99.1 (by filename) gty-ex99_1.htm
FOR IMMEDIATE RELEASE
GETTY REALTY CORP. ANNOUNCES $260.9 MILLION SALE LEASEBACK
TRANSACTION WITH REFUEL OPERATING COMPANY
- Provides Investment and Capital Markets Update -
NEW YORK, NY, September 22, 2026 - Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”), a net lease REIT focused on convenience and automotive retail real estate, announced today that it has closed a $260.9 million sale leaseback transaction with Refuel Operating Company, LLC (“Refuel”), a leading convenience store and retail fuel owner and operator with approximately 250 locations in five states across the Southeastern United States. Pursuant to the transaction, the Company acquired 41 convenience stores and simultaneously entered into four long-term, unitary net leases with Refuel (the “Refuel Transaction”).
The acquired properties are diversified across several growing markets and include 17 stores in South Carolina, 12 stores in North Carolina, seven stores in Texas, and five stores in Mississippi. The properties in each state are subject to unitary leases with initial terms of 20 years, multiple renewal options, and rent increases every five years. The 41 convenience stores are modern, large-for…