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Two Checker Stores Seed $2M-Plus Sale

PHOENIX-A Phoenix investor closes on the $2.4-million purchase with proceeds from a 1031 Exchange. CSK Auto, Checker's parent company, recently began selling properties with long-term leases to help finance expansion efforts.

By Lee Simmons | Updated on March 31, 2004

PHOENIX-A private investor from Phoenix has purchased two Checker Auto Parts stores for about $2.4 million.

Jerry McCloskey purchased a store in Peoria and one in Apache Junction near Glendale, paying about $1.2 million for each location to Phoenix-based CSK Auto, Checker’s parent company. “It’s a program that CSK Auto has been pursuing,” Bob Buckley, a senior vice president in Phoenix for Trammell Crow Co., tells GlobeSt.com. “Basically, that’s what they’re doing for their expansion program.”

Both stores are practically identical, sitting on a one-acre pad in a retail project and encompassing 7,500 sf. They are also brand-new locations for Checker Auto Parts, which holds a 15-year lease in each. The Peoria store is located at 8694 W. Peoria Ave. and the Apache Junction location sits at 1401 W. Apache Trail.

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