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Getty Realty Corp.
GTY announced it had
agreed to long-term triple-net leases on 28 properties in New York and New
Jersey with a subsidiary of BP, plc
BP, BP Products North America Inc.
Under the terms of the agreements, the aggregate annual triple-net GAAP
revenue will be up to approximately $3.0 million. The leases with BP have
initial 15 year terms with provisions for rent escalations and options for
multiple renewal terms.
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