TUCSON, Arizona (Oct. 9, 2026) — Three Tucson gas station and convenience store properties sold for a combined $10.35 million in September, with two Chevron locations and a Circle K property changing hands in separate transactions. The sales involved different sellers and buyers, encompassing an owner-user purchase and investment acquisitions.
The largest transaction was the $5.16 million purchase of the Chevron gas station and convenience store at 6261 E. Benson Highway. HRV Tucson Investment LLC, care of Haron Properties and represented by Sergio Haron of Scottsdale, acquired the property from Hattar Investments Inc., represented by director Adeeb Hattar. The sale closed September 30.
The Benson Highway property contains approximately 5,024 square feet of improvements built in 1999 and 2000. It includes a Food Mart convenience store, a leased A&W restaurant, 12 fueling positions serving gasoline and diesel customers, and a CNG unit. The approximately 3.21-acre site is zoned C-2 and has visibility from Interstate 10. Excess land is included, although its acreage has not been confirmed. The purchase price equates to approximately $1,027 per square foot for improvements, a calculation that also reflects the excess land included in the transaction.
Earlier in the month, Tucson Petroleum LLC, c/o Junaib Rizvi, member, purchased the Chevron service station at 4701 E. 29th Street for $1.6 million. R & D Union Inc., c/o Darshan Agarwal as director, was the seller. The transaction closed September 4, and the buyer purchased the property for its own use.
Built in 1988, the 29th Street property includes a 1,296-square-foot convenience store on approximately 0.66-acre zoned C-2. The station has four fueling islands and eight fueling positions. The sale price equates to approximately $1,235 per square foot of building area.
The third transaction involved the Circle K convenience store and gas station at 655 W. 22nd Street, adjacent to Interstate 10. Mark J. Dessy, Trustee, of Rancho Palos Verdes of California, sold the property to 655 W 22nd LLC of San Diego for $3,586,125 on September 25. Lee Csenar of Hanley Investment Group in California handled the transaction.
The Circle K property contains a 2,904-square-foot building constructed in 2000 on approximately 0.85 acre zoned I-1. It has eight fuel pumps serving 16 fueling positions. The property was marketed as an absolute triple-net investment leased to Circle K through March 18, 2031, with renewal options. Reported annual net operating income of $198,759 translates to a capitalization rate of approximately 5.54% at the purchase price.
The three closings demonstrate activity across different parts of the fuel and convenience retail property market. The 29th Street acquisition provides a location for an owner-user, while the Circle K transaction transfers ownership of real estate with an existing lease. The Benson Highway purchase includes a larger site, restaurant income and excess land. Those differences limit direct comparisons based solely on building price per square foot.
National industry conditions provide context for the activity, although the sellers’ individual motivations have not been disclosed. The National Association of Convenience Stores reported that direct store operating expenses rose 4.2% in 2025, while credit and debit card fees reached a record $21.3 billion. At the same time, in-store sales increased 1.7% to $341.2 billion, and fuel gallons sold increased 0.5%. The figures show a sector with continuing customer demand alongside pressure on operating costs.
Sources: RED Comp #12707, #12734, and #12742