Brauvin Net Capital, LLC, an investor in net leased retail properties, has announced its acquisition of five Tesoro branded convenience stores located in greater Anchorage, Alaska. The properties are operated by a wholly-owned subsidiary of the Tesoro Corporation (NYSE, TSO) and the obligations under the property leases are guaranteed by Tesoro. In conjunction with the purchase of the assets, Brauvin and Tesoro agreed upon a long-term extension of each of the asset's underlying property leases.

Tesoro Corporation is a FORTUNE 500 company headquartered in San Antonio, Texas, with 2004 annual revenues of $12.2 billion. Tesoro is a leading independent refiner and marketer of petroleum products, operating six refineries in the Western United States. Tesoro's retail-marketing system includes over 500 branded retail stations, of which more than 200 are company-operated under the Tesoro® and Mirastar® brands.