DATE: October 28, 2015
SELLER: CML-AZ CORNERSTONE LLC (c/o RIALTO CAPITAL MGMT, Tempe AZ)
BUYER: CIRCLE K STORES INC (Tempe, AZ)
ADDRESS: SEC Florence Blvd / Pottebaum Ave, Casa Grande AZ 85122
SIZE: 82,162sf MOL (legal description)
PRICE: $1,047,565 cash ($12.75/sf)
COMMENTS: Circle K musta found some cheap financing because they are on a tear again. In Casa Grande alone they have recently bought and converted a Chevron with a car wash, built a beautiful new store near the freeway, and forked over $12.75/sf cash for a high-traffic but difficult-access site close to the busiest corner in town. Situated at the SE corner of Florence Blvd and Pottebaum Ave, the site is directly across from a Lowes with Eegees, O’Reilly’s, a bank, a Sonic, and just a few blocks from an old site they had at the SEC of Florence Blvd and Peart Rd.