| Property Acquisitions |
NOTE 12. — PROPERTY ACQUISITIONS 2026 During the nine months ended September 30, 2026, we acquired interests in 110 properties for an aggregate purchase price of $443.2 million as follows ($ 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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43 |
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$ |
275,453 |
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$ |
167,082 |
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$ |
70,354 |
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$ |
38,017 |
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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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22 |
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41,111 |
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12,269 |
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23,588 |
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5,254 |
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— |
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— |
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Auto service centers |
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39 |
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76,965 |
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27,965 |
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40,460 |
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8,651 |
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— |
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(111 |
) |
Total |
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110 |
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$ |
443,248 |
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$ |
213,865 |
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$ |
170,261 |
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$ |
59,233 |
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$ |
— |
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$ |
(111 |
) |
2025 During the nine months ended September 30, 2025, we acquired interests in 53 properties for an aggregate purchase price of $140.0 million (including amounts funded in prior periods) as follows ($ 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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10 |
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$ |
53,404 |
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$ |
30,226 |
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$ |
16,356 |
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$ |
6,552 |
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$ |
502 |
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$ |
(232 |
) |
Express tunnel car washes |
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7 |
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35,490 |
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8,911 |
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22,286 |
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4,293 |
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— |
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— |
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Drive-thru QSRs |
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27 |
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38,513 |
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11,219 |
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21,644 |
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5,844 |
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— |
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(194 |
) |
Auto service centers |
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9 |
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12,574 |
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6,701 |
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4,407 |
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1,568 |
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— |
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(102 |
) |
Total |
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53 |
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$ |
139,981 |
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$ |
57,057 |
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$ |
64,693 |
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$ |
18,257 |
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$ |
502 |
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$ |
(528 |
) |
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