Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 160

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 160
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 2022, respectively. Cash paid for amounts included in the measurement of lease liabilities under operating leases totaled $34.4 million, $34.0 million and $35.0 million for 2024, 2023 and 2022, respectively.

73 

CROSSAMERICA PARTNERS LPNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

As of December 31, 2024, future minimum rental payments under operating leases, excluding variable lease payments or short-term payments, were as follows (in thousands). The weighted-average discount rate as of December 31, 2024 and 2023 was 5.8%.

        Third Parties

        Related Parties

        Total

        2025
         
        $
        26,059

        $
        10,163

        $
        36,222

        2026

        23,060

        10,254

        33,314

        2027

        18,853

        8,810

        27,663

        2028

        14,513

        8,237

        22,750

        2029

        11,902

        7,327

        19,229

        Thereafter

        27,335

        1,838

        29,173

        Total future payments
         
        $
        121,722

        $
        46,629

        168,351

        Less impact of discounting

        26,990

        141,361

        Current portion

        35,065

        Long-term portion

        $
        106,296

       Most lease agreements include provisions for renewals. We generally do not include renewal options in our lease term for purposes of measuring our lease liabilities and right-of-use assets unless the sublease to our customer extends beyond the term of the head lease.Of our leased sites, we operate 152 of them as company operated sites. Substantially all the remaining leased sites are subleased to lessee dealers or commission agents under leases with terms generally ranging from one to ten years and which may include renewal options. Sublease rental income amounted to $31.3 million, $35.3 million and $35.4 million for 2024, 2023 and 2022, respectively. Operating Leases of Sites as LessorMotor fuel stations