Tulsa-based, QuikTrip Corporation has completed the assemblage of 14 properties at Sunrise Avenue and Ruthrauff Road, near I-10, for a new store site. The 14 small parcels sold for an aggregate of $1.7 million (~ $19.50 PSF) for the approximate 2 acres plus a small segment of street to be abandoned. Most were single family residences and manufactured homes when sold.
Randy Emerson of GRE Partners of Tucson handled negotiations over an 18-month span, from start to finish, and represented the 14 sellers and QuikTrip in the transactions.
Emerson said, “QuikTrip sees this as an excellent future store site given the proposed ADOT reconfiguration at Ruthrauff Road and I-10. I've found QuikTrip to be a highly professional and community-minded company. They worked extremely hard to insure that the specific needs of each seller were addressed. Any assemblage like this requires a great deal of effort and perseverance.”
"It has been one of the most complex deals that I've worked on in my 30-years in commercial real estate. I really look forward to seeing a future QuikTrip at this corner and am very pleased to have been selected by QuikTrip to provide consulting and brokerage services on this transaction,” says Emerson.
QuikTrip will soon open its 18th store in Tucson at Ina and Camino de la Tierra in Northwest Tucson and has an additional 84 stores in the Phoenix area. New “Gen-3 stores” as almost complete on Ina, are 6,000-square-feet in size with 16-18 pumps.
QuikTrip has several other sites it is planning in the long term, such as the QuikTrip Travel Center stilled planned for Ina and Star Commerce Way (for full story click here).
Emerson should be contacted at (520) 429-4967 for additional