Xceligent Announces: QuikTrip Acquires Site in Phoenix for New Convenience Store

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INDEPENDENCE, Mo., May 6, 2013 (GLOBE NEWSWIRE) -- Xceligent has learned Tulsa, OK-based QuikTrip Corporation (www.quiktrip.com) recently acquired a 1.7-acre (75,891 SF) commercially zoned site in Phoenix for $1,861,996, or $24.53/SF. The property, which is located on the SE corner of the W Indian School Rd and N 43rd Ave signalized intersection, is positioned in close proximity to a now-closed K-Mart store at 4225 W Indian School Rd. This is a heavily developed retail area.

A portion of K-Mart's parking lot, as well as an existing 5,650 SF (former) restaurant, will be demolished to make way for the new QuikTrip location. Sources familiar with the deal indicate that the buyer plans their newest-building prototype for the location.

The transaction closed on March 8, 2013. QuikTrip Corporation acquired the property from the Japanese American Citizens League, and owns an existing store two blocks west of the site, at 4420 W Indian School Rd. It is believed that QuikTrip will close its existing store once the new site is up and running. No construction timetable has been set for the new location.

QuikTrip Corporation is a privately held company headquartered in Tulsa, OK. Founded in 1958, QuikTrip has grown to a more than $10 billion Company with 650+ stores in ten states. QuikTrip has over 85 locations within the greater Phoenix area, plus more stores in Tucson.

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CONTACT: Sam Lewis Xceligent, Inc. 816-303-2809 Marketing@Xceligent.com

Source: Xceligent