Consolidated Tomoka Acquires Rite Aid in Renton, Washington for Approximately $6.6 Million

  Consolidated Tomoka Acquires Rite Aid in Renton, Washington for
  Approximately $6.6 Million

Business Wire

DAYTONA BEACH, Fla. -- July 26, 2013

Consolidated-Tomoka Land Co. (NYSE MKT: CTO) today announced the acquisition
of a 16,280 square-foot free-standing building situated on 1.60 acres leased
to a subsidiary of Rite Aid in Renton, Washington, a suburb of Seattle.

The property has approximately 13 years remaining an initial term of 20 years.
The total purchase price was approximately $6.6 million.

John P. Albright, President and Chief Executive Officer of the Company stated,
“This acquisition continues our strategy of growing our single-tenant income
property portfolio, adding both a new geographic market and further
diversifying our tenant base. Mr. Albright also noted, “We have completed a
total of approximately $34.3 million in acquisitions so far in 2013, bringing
our single-tenant portfolio to a total of 36 properties across eight states.”

About Consolidated-Tomoka Land Co.

Consolidated-Tomoka Land Co. is a Florida-based publicly traded real estate
company, which owns a portfolio of income properties in diversified markets in
the United States, as well as over 10,000 acres of land in the Daytona Beach
area. Visit our website at

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Forward-looking statements are made based upon management’s expectations and
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developments on the Company will be those anticipated by management.


Consolidated-Tomoka Land Co.
Mark E. Patten, 386-944-5643; facsimile, 386-274-1223
Sr. Vice President & Chief Financial Officer
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