Understand the tenant and lease.
Look at the business paying rent, lease length, rent increases, and who pays the property expenses.
For real estate investors
Invest in gas station real estate.
Explore properties leased to gas station and convenience store operators. We’ll help you consider the tenant, lease, location, and potential fit with your investment goals.
Share what I’m looking forGet to know the property.
Consider the location, access, competition, condition, tanks, and environmental history.
Keep your own goals in view.
Match the investment to your budget, financing, and plans. Discuss tax goals with your own advisors.
Potential tax advantages
Another reason to look closely.
Qualifying gas-station buildings can receive 15-year tax treatment, potentially making the building—not just equipment—eligible for 100% first-year bonus depreciation. This can also apply when a tenant operates the station. Eligibility depends on the property, acquisition timing and your tax circumstances; land is excluded. Have your CPA confirm the classification, allocation and deductions available to you.
A conversation, not a commitment
What are you looking for?
Start with a question or a little about your investment goals. You can add preferences if you have them; no account numbers or tax documents, please.
Patrick Hammond
Senior Director
Kyle A. Carson
Senior Director
Real people. A straightforward conversation.
Patrick and Kyle · Fortis Net Lease
If you’d like to know more
A few common questions.
When can the building qualify for 15-year treatment?
A qualifying retail motor-fuels outlet must be used to a substantial extent in retail petroleum marketing and meet at least one of these tests:
At least 50% of the property’s gross revenue is from petroleum sales.
At least 50% of the floor space is devoted to petroleum marketing.
The property is no larger than 1,400 square feet.
The owner does not have to operate the station; a tenant-operated property can qualify. The revenue test concerns petroleum sales, not merely the landlord’s rental income. Have your CPA evaluate the applicable classification and facts.
How does 100% bonus depreciation apply?
Current federal rules generally provide 100% first-year bonus depreciation for eligible property acquired and placed in service after January 19, 2025. There is no special year-end 2026 deadline in these rules.
An eligible deduction applies to qualifying depreciable basis—not automatically to the entire purchase price. Land is excluded, and assets owned by the tenant are not assets the property buyer acquired.
Your CPA should review classification, purchase-price allocation, acquisition and placed-in-service timing, and passive-activity limits. A deduction may not be fully usable in your circumstances.
Federal tax information reviewed October 27, 2026.
What belongs in the property review?
Tenant credit, guaranties, lease obligations, financing, site fundamentals, competition and environmental diligence all matter alongside potential returns. Look beyond the cap rate and evaluate the investment against your own objectives.
How are operators and sellers connected?
Some opportunities involve an existing operator selling its real estate and leasing it back; others involve a growing operator acquiring a business and considering a sale-leaseback at closing or later. Each structure depends on the specific parties, underwriting and agreed terms.