DATE:  October 28, 2015

AOPV:  2015-070135

SELLER: CML-AZ CORNERSTONE LLC (c/o RIALTO CAPITAL MGMT, Tempe AZ)

BUYER:  CIRCLE K STORES INC (Tempe, AZ)

BROKERS:  N/A

APN:  505-30-001-N

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.