TUCSON, Ariz. — Southwest Convenience SPE LLC (SWC), a newly formed limited liability company, has announced the acquisition of Quik Mart Stores Inc., a chain of 17 convenience stores in the Tucson, Ariz., metropolitan area.
SWC was created for the purpose of acquiring the Quik Mart assets.
Sale price was undisclosed. Of the 17 stores, 15 are owned by Quik Mart in fee and two are subject to long-term leases. Eleven of the 17 stores sell fuel and all of them but one is branded Chevron.
- 8494 E Speedway Blvd. Tucson 85710
- 3250 W Cortaro Farms Rd., Tucson 85742
- 3499 S Wilmot Rd, Tucson 85730
- 4611 N Flowing Wells Rd, Tucson 85705
- 8685 N Silverbell Rd, Tucson 85743
- 7895 E Golf Links Rd, Tucson 85730
- 13142 E Colossal Cave Rd, Vail, AZ 85641
- 1250 E Fort Lowell Rd, Tucson 85719
- 5636 S Alvernon Way, Tucson 85706
- 1140 S 4th Ave, Tucson 85701
- 900 W Roger Rd, Tucson 85705
- 6301 S Park Ave, Tucson 85706
- 2200 E Broadway Blvd, Tucson 85719
- 4283 E Benson Hwy, Tucson 85706
- 7667 E Escalante Rd, Tucson 85730
Quik Mart is a second-generation family business and is the largest independent convenience store retailer in the Tucson market. J. Wesley Little founded the company in 1965 with the purchase of three c-stores. Little started his career as a grocer, and, as a result, all of the stores still have a strong grocery presence. In addition to a wide array of grocery selections, four stores offer made-to-order sandwiches, salads, burritos and pastries via the company’s Hungry’s Subs and Salads proprietary offering, and three stores offer pizza, chicken wings, hamburgers and other hot foods under the Hot Stuff Pizza franchise.
“Quik Mart has been a fixture in the Tucson, Ariz., landscape for over 55 years, and it was an extremely difficult decision for our family to make,” said Troy Little, president of Quik Mart. “However, after careful consideration of various options over a number of years, we concluded that now was the right time to sell.”
Tucson-based SWC, dba Quik Mart, is owned by Robert Berg, Brett Bishov, Kevin Gandy (CEO of LPT Retail Services) and Akash Chilka, and it will provide an ideal platform to expand in the Tucson metropolitan area, the company said. SWC is a convenience store operator focused on small to midsize metropolitan markets throughout the United States. SWC and its principals have operational experience including more than 3,600 locations and capital markets experience in excess of $7 billion.
“My partners and I have diverse complementary skill sets from a leadership, capital markets and ‘best-in-class’ operational systems and controls perspective, which will serve us well in our efforts to enhance a great business and continue to be positive contributors to the Tucson community,” said Brett Bishov, principal of SWC “My partners and I are impressed with Troy and the outstanding Quik Mart team that he has built; we’re truly honored to continue the amazing Quik Mart legacy.”
Denny Ruben and his colleagues at NRC Realty & Capital Advisors LLC, Chicago, coordinated the sale.
To learn more, see RED Comp #9587.