TUCSON, Arizona – Investment group, Keystone 6630 Grant Road, LLC of Tucson (Steve Grimm, manager) bought the C-2 Zoned Retail Pad, a former a Valero Gas Station, at 6630 East Grant Road in Tucson for $580,000 ($32.22 PSF).

Built in 2001, the former gas station, with 2,140 –square-foot convenience store and kiosk with 3 dispensers for 6 fueling stations sits on an 18,000-square-foot pad is located in the Target Shopping Center at Grant and Tanque Verde.

The property shares the lot with Albertson’s, Target, McDonald’ s, Boston Market, and Taco Bell near Jiffy Lube, Goodyear Auto Service Center, Discount Tire Store & Enterprise Rent-A-Car.

Property sold to lease or for resale to be redeveloped for a new retail use based on tenant requirements.

Alexander Pavone of Commercial Plus in Scottsdale represented the seller Grant 6630 LLC of Scottsdale (Russell Scaramella, manager) and Steve Grimm with Grimm Commercial was self-represented in the transaction.

For more and redevelopment information, Grimm should be reached at 520.795.5200.

To learn more, see RED Comp #4568.

Circle K Stores of Tempe, AZ purchased a 57,935-square-foot retail pad at La Jolla Verde Commercial Center in Sahuarita for $1 million ($17.30 PSF). This will be the first pad construction at this new retail center located southeast of I-19 on Old Nogales Hwy near the full diamond interchange.

This core retail intersection for Sahuarita with a Super Walmart-anchored center directly across from it. This Walmart center also has Ross Dress for Less, Big Lots, Wells Fargo, Walgreens, Bank of America, 99 Cent Only, and other national retailers.

Brenna Lacey with the Volk Company in Tucson represented the seller, La Jolla Verde Land Holdings, LLC of Los Gatos, CA.

Kurt Maes with Scarbrough & Associates in Phoenix represented Circle K in the acquisition.

To learn more Lacey should be reached at 520.326.3200 and Maes can be contacted at 602.774.4243,

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In a second unrelated transaction, a 42,047-square-foot retail pad (lot 3 block 45) in Rancho Sahuarita, Sahuarita, AZ sold to Gen2Properties, LLC dba Taco Bell for $895,000 ($21.29 PSF).

Located at the southeast corner of I-19 and Sahuarita Road, Taco Bell with join McDonalds, Shell, United States Post Office, and Pima County Public Library.

A growing bedroom community, Sahuarita is only 15 minutes to Tucson Airport and 45 minutes to Nogales and Mexico.

Rob Tomlinson, Retail Specialist with Cushman & Wakefield | Picor of Tucson represented the seller, RSMC VI, LLC and Aaron LaPrise, Retail Specialist with Cushman & Wakefield | Picor represented the buyer.

To learn more Tomlinson should be contacted at 520.546.2757 and LaPrise can be reached at 520.546.2770.

For additional information see RED Comp #2849 and #2850.

Burger King at 1960 W River Road sold with three other Arizona Buger Kings in a bulk sale. The Tucson store sold with stores in Prescott Valley, Gilbert and Camp Verde, AZ for an aggregate total of $5.45 million, and a 6% cap rate. Burger King will continue to occupy the restaurants.

Public records show the price for the Tucson store at $1,533,333.

Lauren Veres with NNN Properties, an affiliate of Marcus & Millichap based in New-York handled the transaction. The buyer was Kardun Associates, a group of investors from Paradise Valley and the seller was Laird Asset Development (Mitchell C. Laird, manager) of Phoenix, AZ.

To learn more Veres can be reached at 212.430.5131.

For additional information and full portfolio details, see RED Comp #2382.

Taco Bell is coming to Continental Ranch Retail Center, adjacent to the newly built Dunkin Donuts at 8002 N Cortaro Road in Marana. A&W Tacos, LLC of Houston, Texas paid $489,360 ($13.98 PSF) for lot 18, an approximate 35,000-square-foot lot for construction of the restaurant with drive-thru.

Greg Wexler of Wexler & Associates handled the sale for seller, Continental Ranch Development, LLC of Tucson.

To learn more Wexler should be contacted at 520.744.8500 ext. 101.

For additional information see RED Comp #2301.