| Property Acquisitions |
NOTE 12. — PROPERTY ACQUISITIONS 2026 During the six months ended June 30, 2026, we acquired interests in 57 properties for an aggregate purchase price of $150.8 million as follows ($ in thousands):
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Purchase Price Allocation |
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Asset Type |
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Properties |
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Purchase
Price |
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Land |
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Buildings &
Improve-
ments |
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In-Place
Leases |
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Intangible
Market
Lease
Assets |
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Intangible
Market
Lease
Liabilities |
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Convenience stores |
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1 |
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$ |
2,681 |
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$ |
2,681 |
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$ |
— |
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$ |
— |
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Express tunnel car washes |
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6 |
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49,719 |
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6,549 |
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35,859 |
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7,311 |
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— |
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— |
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Drive-thru QSRs |
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20 |
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37,062 |
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10,139 |
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22,010 |
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4,913 |
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— |
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— |
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Auto service centers |
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30 |
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61,332 |
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20,178 |
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33,729 |
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7,536 |
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— |
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(111 |
) |
Total |
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57 |
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$ |
150,794 |
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$ |
39,547 |
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$ |
91,598 |
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$ |
19,760 |
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$ |
— |
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$ |
(111 |
) |
2025 During the six months ended June 30, 2025, we acquired interests in 29 properties for an aggregate purchase price of $87.2 million (including amounts funded in prior periods) as follows ($ in thousands):
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Purchase Price Allocation |
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Asset Type |
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Properties |
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Purchase
Price |
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Land |
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Buildings &
Improve-
ments |
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In-Place
Leases |
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Intangible
Market
Lease
Assets |
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Intangible
Market
Lease
Liabilities |
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Convenience stores |
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5 |
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$ |
33,692 |
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$ |
18,365 |
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$ |
11,514 |
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$ |
3,813 |
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Express tunnel car washes |
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5 |
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24,248 |
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6,527 |
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14,861 |
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2,860 |
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— |
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— |
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Drive-thru QSRs |
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12 |
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19,733 |
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4,772 |
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12,754 |
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2,401 |
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— |
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(194 |
) |
Auto service centers |
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7 |
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9,555 |
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6,058 |
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2,623 |
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874 |
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— |
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— |
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Total |
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29 |
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$ |
87,228 |
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$ |
35,722 |
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$ |
41,752 |
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$ |
9,948 |
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$ |
— |
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$ |
(194 |
) |
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