BUY GTY @ $29.86

Buying GTY @ $29.86   

2% position

Getty Realty owns real estate related to cars - quick-service oil change properties, convenience stores, car washes, and auto parts stores. Like NNN, they operate as a "triple net lease" owner - wherein the tenant pay all expenses. 

They own over 1,000 properties in 36 states. 99.5% occupancy - 72% on corner locations - 9.0 years average lease.

GTY yields over 5.5% today.

Buy the dip in GTY.