Exhibit 99.2

      RELEASE: IMMEDIATE

                    GETTY REALTY CORP. ENTERS INTO NET LEASE

                         WITH FAS MART FOR 36 PROPERTIES

JERICHO, N.Y., November 1, 2004 -- Getty Realty Corp., (NYSE: GTY) announced
today that it has entered into an agreement with GPM Investments, LLC to triple
net lease to them all 36 former DB Mart convenience store and retail service
station properties in Connecticut and Rhode Island that Getty will be acquiring
this week from DB Companies, Inc. Getty announced the acquisition on September
8, 2004. The triple net lease has an initial term of 15 years and provides 3
renewal terms of 5 years each.

It is estimated that the acquisition and triple net lease transaction will be
accretive to Getty's annual earnings, funds from operations and adjusted funds
from operations in the amount of approximately $0.04, $0.06 and $0.06 per share
of common stock, respectively.


GPM Investments currently has a network of more than 200 company operated
convenience stores and independent dealers in the Mid-Atlantic States. GPM sites
are branded Fas Mart and Shore Stop and GPM is one of Valero's largest gasoline
distributors.


Mr. Leo Liebowitz, Chairman and CEO of Getty, said "We are pleased to lease
these quality locations to Fas Mart, a leader in the convenience store
industry."

Getty Realty Corp. is a real estate investment trust specializing in convenience
stores, retail motor fuel and petroleum distribution terminals. The Company owns
and leases over 1,000 properties in the Eastern United States.

   Contact: Kevin Shea
   (516) 478-5480

Certain statements in this news release constitute "forward looking statements"
within the meaning of Private Securities Litigation Reform Act of 1995. When
used herein, the words "believes," "expects," "plans," "estimates" and similar
expressions are intended to identify forward-looking statements. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance and achievements
of the Company to be materially different from any future results, performance
or achievements expressed or implied by such forward- looking statements.