UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 23, 2005
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Getty Realty Corp.
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(Exact name of registrant as specified in charter)
Maryland 001-13777 11-3412575
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(State of (Commission (IRS Employer
Organization) File Number) Identification No.)
125 Jericho Turnpike, Suite 103
Jericho, New York 11753
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(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (516) 478-5400
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Not Applicable
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
Item 8.01. Other Events
On February 23, 2005, Getty Realty Corp. announced that it has entered
into a definitive Real Estate Purchase Agreement to acquire 23 convenience store
and retail motor fuel properties in Virginia. The aggregate consideration to be
paid for these properties is approximately $29.0 million. The closing is
expected to be completed by the end of the first quarter 2005.
Getty also announced today that it has entered into an agreement to
triple net lease all 23 of the properties to a leading convenience store
operator with a network of more than 200 company operated convenience stores and
independent dealers in the Mid Atlantic States and New England, effective upon
the closing of the acquisition. The triple net lease has an initial term of 15
years and provides 3 renewal terms of 5 years each.
A copy of the press release announcing this event is attached as
Exhibit 99.1 as is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
Exhibit
Number Description
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99.1 Press Release, dated February 23, 2005, issued by Getty
Realty Corp.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Getty Realty Corp.
(Registrant)
Date: February 25, 2005 By: /s/ Thomas J. STIRNWEIS
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Thomas J. Stirnweis
Vice President, Treasurer and
Chief Financial Officer
INDEX TO EXHIBITS
Exhibit Description
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Exhibit 99.1 Press Release, dated February 23, 2005, issued by Getty
Realty Corp.