Company News
Kingsbarn Announces Grand Opening of TA Express Travel Center in Arizona
Littlefield, Arizona – January 30, 2024 - Kingsbarn Development Opportunities (“Kingsbarn”) is pleased to announce the grand opening of a newly constructed TA Express travel center (the “Property”) in Littlefield, Arizona. The 15,000 square foot TA Express is the first ground-up development travel center done in a joint venture with TravelCenters of America franchisee, LV Petroleum d/b/a FuelBros. The Property, located in northwest Arizona, is strategically situated along Interstate 15 near the Utah border and includes three quick-serve restaurants, a laundry facility, private showers, and a professional drivers’ lounge.
“We are thrilled to add another high-quality asset to our expanding TA travel center portfolio,” stated Tony Hama, Managing Director of Kingsbarn’s commercial development opportunities group. “This state-of-the-art facility definitely raises the bar and provides the absolute highest level of services and amenities to professional drivers and roadside travelers alike.” The Property’s three quick-serve restaurants are KFC, Del Taco, and Sbarro Pizza, which will all be operated by the tenant, LV Petroleum LLC, d/b/a FuelBros, under their affiliate, LV Food Concepts. Fuel will be supplied by Sunoco LP, the largest fuel supplier in the U.S.
Named Franchisee of the Year for both 2021 and 2022 by TravelCenters of America, FuelBros is a highly successful travel center, convenience store, and fuel operator with 19 locations in the western United States. Kingsbarn is pleased to continue to partner with FuelBros. with nine additional travel centers currently in development (3) or renovation (6).
About Kingsbarn Realty Capital
Kingsbarn Realty Capital is a real estate-centric investment house that provides institutional and accredited investors access to an array of alternative investments. Kingsbarn offers investments in private equity, exchange-traded funds (ETFs), traditional investment funds, private placements, and Delaware Statutory Trusts (DSTs). Kingsbarn’s management team has wide-ranging experience developing, managing, operating, and sponsoring a diversified portfolio of stabilized, income-driven properties as well as ground-up construction, value-added offerings, opportunity zone investments, and entitlement projects. Kingsbarn has over $2 billion of assets under management and has acquired over 280 properties throughout the United States. The company currently has a development pipeline of over $2 billion consisting of multifamily, student housing, industrial, retail, and hospitality. For further information, visit www.kingsbarn.com.
Kingsbarn Media Contacts:
Emma Williams & Holly Silvestri
The Ferraro Group (702) 367-7771
emma@theferrarogroup.com
holly@theferrarogroup.com
No Offer
This is not an offer. An offer will only be made pursuant to the delivery of the required offering documents, including the private placement memorandum, as supplemented or amended (the “Memorandum”) and only in states in which the securities offered pursuant to the Memorandum are registered or exempt from registration requirements, and only by broker-dealers authorized to do so. This information discusses general information about the portfolio and is not a guarantee, prediction or projection of future performance. Diversification does not protect against loss or guarantee return. There are risks associated with investing in real estate assets, such as inflation, interest rates, real estate tax rates, changes in the general economic climate, local conditions such as population trends and neighborhood values, and supply and demand for similar property types. Investing in DSTs and 1031 exchanges involves significant tax consequences. Please refer to the Memorandum for detailed information about the offering and its associated risks and implications.
Forward-Looking Statements
This press release may contain forward-looking statements identified by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release. Kingsbarn assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.