Large Chains

Tucson, Ariz. — Little Caesar Enterprises has signed a 1,494-sq.-ft. lease in Northgate Plaza in Tucson, Ariz. Expected to open in the first quarter of 2014, it will be Little Caesars Pizza’s sixteenth store in Tucson.

Commercial Retail Advisors represented the landlord, TNP SRT Portfolio I, and Retail Advisors Southwest represented Little Caesar Enterprises.

Pittsburgh – Dick’s Sporting Goods opens five new stores across the U.S. on Nov. 8. The stores will be located in Dover, Del., Palm Desert, Calif., West Des Moines, Iowa, Sioux Falls, S.D., and Findlay, Ohio.

Dick’s will operate a total of 554 stores in the U.S. upon opening the five new stores. The Sioux Falls store will be the chain’s first store in South Dakota. This total will include three in Delaware, 32 in California, five in Iowa, and 38 in Ohio.

Canton, Mass. – Dunkin’ Brands Group, the parent company of Dunkin’ Donuts and Baskin Robbins, reported that its third quarter net income grew 36% to $40.2 million.   

Revenue increased 8.5%, from $171.7 million, to $186.3 million.

Winston-Salem, N.C. – Krispy Kreme Doughnut Corporation will open a new store in Doraville, Ga., on Oct. 29. The newly constructed, free-standing facility is an approximately 2,300-sq.-ft. location with a drive-thru.

"We are extremely excited to bring this newly constructed and updated shop to our loyal Doraville area doughnut and coffee fans," said Cindy Bay, senior VP of U.S. franchises and company stores for Krispy Kreme.

Publix Super Markets has decided to sell PIX, the fuel/C-store concept it began testing in 2001. Circle K Stores, a wholly owned subsidiary of Alimentation Couche-Tard, will purchase 13 sites, of which 11 are located in Florida and two in Georgia.

Max Arnold & Sons, a family-owned company located in Hopkinsville, Ky., which has been in operation for more than 60 years, will purchase the site located in Tennessee.

East Coast-based convenience store operator WaWa is expanding through the state of Florida with a new prototype designed to reflect the language and style associated with Floridian vernacular architecture.
     

Sauk Rapids, Minn. — The Mansour Group www.themansourgroup.com has closed on the sale of a Walgreens in Sauk rapids, Minn., in the St. Cloud metropolitan area, for $10.9 million.

Mansour had the exclusive listing to market the property on behalf of the seller, a developer in Houston. The property generated multiple offers and sold to a 1031 California investor who needed a premium investment to meet the exchange needs.

Specialty beverage retailer BevMo! has appointed former Safeway executive Douglas J. Ratto as the company's EVP, chief merchant. Ratto will lead the buying, planning, allocations and distribution teams at BevMo!

It’s one down and more than 11,000 to go as Dollar General has opened its first ever fueling station at a store in Hanceville, Ala.

The pilot project is part of an agreement with Mansfield Oil, a provider of fuel supply, distribution, delivery, and dispensing solutions. The store in question is one of Dollar General’s larger format Market stores which include expanded food and consumables. Dollar General operates more than 11,000 stores nationwide, but slightly more than 100 units are in the Market format.

Atlanta — Kimco Realty Corporation has acquired Five Forks Crossing, a 73,910-sq.-ft. grocery-anchored retail center in Lilburn, Ga., according to Transwestern, the firm that brokered the transaction.

Five Forks Crossing occupies 6.6 acres in Lilburn in the Gwinnett County submarket near Ronald Reagan Parkway. Anchored by Kroger, the property is 100% leased.

Transwestern represented the seller, SWA Investment.