08:43 AM EDT, 10/06/2025 (MT Newswires) -- Getty Realty ( GTY ) said Monday that it bought 12 convenience stores in Houston, Texas, for $100 million as part of a sale-leaseback agreement.

The company said it simultaneously signed a unitary net lease with a Now & Forever subsidiary, with an initial term of 15 years, a rent increase every five years, and multiple renewal options.

The convenience stores, located in the West and Southwest submarkets of Houston, average more than 8,000 square feet and include branded or private-label made-to-order food products, the company said.

The unitary lease has multiple renewal options, and rent increases every five years, it said.