The majority of the sites are located on high-traffic corners in mature neighborhoods and in small towns. Getty Realty Corp. is divesting 66 commercial and retail properties. The 66 properties are located in a variety of urban and suburban markets in six Northeastern and Mid-Atlantic states, including 11 properties in New York, 21 in New
Agree Realty “pleased” to make Wawa acquisition. Agree Realty Corp. announced that it acquired a portfolio of three Wawa c-stores and fuel stores that are master leased by Wawa for $14,200,000. The cost of the portfolio acquisition includes the assumption of $8,580,000 of non-recourse mortgage debt, which will mature in June 2016, carrying a 6.56%
The land at two of the gas stations must be purchased before EZ Energy can complete the sale. EZ Energy Ltd., owner of Easy Trip stores, has sold 18 gas stations in the U.S. for $24.5 million in a sale and lease-back deal. The buyer will lease back the properties to EZ Energy USA Inc.
It isn’t often one finds a c-store with a hanging chandelier and a fireplace in the office, but Dave Carney’s Hillside Chevron Station in Torrance, Calif., is anything but conventional. This April, the store began a major renovation, transforming what was a traditional c-store into a site with charming old-world Santa Barbara style; a Spanish
By John Lofstock, Editor When ExxonMobil Corp. announced last June that it was getting out of direct-store operations, dealers of its venerable retail brands found themselves at a crossroads. They could either be on the receiving end of the deed to their own properties or be forced to work with a new master and an