QuikTrip completes Evans land buy

EVANS —QuikTrip Corp. on Oct. 13 bought 10 acres in Evans for $6.9 million from Sun Development LP, Weld County Clerk and Recorder records show.

Tulsa, Oklahoma-QuikTrip owns and operates more than 900 convenience stores and travel centers in 15 states, most also selling gasoline. Locations run 4,100 to 8,000 square feet.

It plans 70 locations in Colorado; about half are underway.

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The Evans travel center land is at the northeast corner of U.S. Highway 85 and 31st Street, previously the Stampede Truck Plaza and the Double Clutch café.

A 12-acre parcel adjacent to the north is owned by Rush Truck Centers of Colorado Inc., based in New Braunfels, Texas. The land is vacant, an aerial Weld County Assessor’s map shows. The truck dealer’s five Colorado locations are in Denver, Pueblo, Colorado Springs and Greeley. Greeley’s is on Weld County Road 68, 15 miles away.

QuikTrip’s future site is one-half-mile from a 308,000-square-foot refrigerated industrial operation for All American Proteins in Greeley. That building and 25 acres sold Sept. 21 for $44 million to an affiliate of real estate developer Bridge Investment Group Holdings Inc. (NYSE: BRDG) in Sandy, Utah.

The deed gives a Thornton address for QuikTrip. Sun Development is in Woodlands, Texas, north of Houston. Its managing partner is John W. Cook.

The land was last sold in December 2015 but a purchase price isn’t given in assessor records. The land’s actual value was about $3.5 million, according to its November notice of valuation from the assessor.

On Aug. 4, QuikTrip paid $10.7 million for four acres near the interchange of Colorado Highway 66 and I-25 in Mead. The seller was Mead Crossings LLC, an owner state filings link to Denver investor Fred Kelly Jr., who also owns 300 acres of agricultural land not far from the parcel it sold to QuikTrip.

Forbes said QuikTrip revenue last year was $11.2 billion. It was No. 29 on the magazine’s list of largest U.S. private companies. It makes appearances on multiple “best employer” lists the magazine compiles.

It was founded in 1958 and recently said it will add locations in Oklahoma City, just 106 miles from its headquarters. Local reports said it never expanded there because the family of a mentor to the QuikTrip cofounder Chester Cadieux operated 7-Eleven franchises in the city. The family sold its stores there last year.

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