American Realty Capital Trust IV Inc. agreed to buy 986 retail properties from General Electric Co.’s finance arm for $1.45 billion as it spends capital raised from shareholders.

The buildings have an average remaining lease duration of 10.6 years and tenants include national food chains Pizza Hut and Burger King, the closely held real estate investment trust said in a statement today. The REIT plans to increase the value of its portfolio to $2.3 billion within two months, the statement showed.

American Realty Capital Trust IV will finance today’s deal using $1.7 billion of equity from shareholders and part of the $750 million of debt it has arranged. The REIT will own 1,326 properties following the completion of it’s plan to use the capital raised.

The properties are being bought “at a cap rate north of 7 percent,” said Nicholas Schorsch, chief executive and chairman of American Realty Capital Trust IV. “This acquisition exemplifies our focus on building one of the best-in-class, lowest leveraged, long-term, retail focused net lease portfolios in the REIT industry’s history.”

The portfolio being acquired was formerly part of Trustreet Properties Inc., which was bought by Fairfield, Conn.-based GE in 2007.