Another prime piece of retail property along U.S. 61 in Hannibal has changed hands. Casey's General Store has purchased the site that up until a few years ago was occupied by Martin's True Value Hardware at 4215 McMaster's Ave.
Dirk Sauer, who owned the property, declined to comment. However, Brian Johnson, vice president of finance for Casey's General Stores, Inc., confirmed the purchase of additional property in Hannibal. The transaction reportedly was finalized earlier this week, according to a source familiar with the sale who spoke on the condition their identity not be revealed. Terms of the sale are not available.
Few details about Casey's plans are available.
"We're a little early yet. We don't have our permits and plans. We have not released it to our construction department yet, so it's a little premature as far as the type of store, when it will be built, when it will be completed, when it will be opened," said Johnson.
Martin's True Value Hardware closed in the fall of 2011. At that time a member of the Sauer family had operated a hardware store in Hannibal for three generations, dating back 91 years. Martin's True Value opened on McMaster's Avenue in 1975.
This spring, property at the northwest corner of West Ely Road and U.S. 61 in Hannibal, which was occupied by the Mark Twain Motor Inn, was sold to CVS/pharmacy. The motel now stands empty, awaiting demolition.
The U.S. 61 site would be Casey's second location in Hannibal. It has operated a store at 3827 Highway MM in Hannibal since Dec. 31, 1997.
It is not uncommon for Casey's to operate more than one store in a community. Within the area multiple Casey's stores can be found in Quincy, Ill., Keokuk, Iowa, Jacksonville, Ill., Moberly, Macon and Mexico, Mo.
As of August of 2012, Casey's operates over 1,700 convenience stores across the Midwest, with the bulk of the businesses being located in Iowa, Illinois and Missouri.
Casey's has a firm presence in Northeast Missouri. In addition to Hannibal, Casey's also has sites in New London, Canton, Monroe City, Perry, La Grange, Laddonia, Bowling Green, Shelbina, Shelbyville, Clarence and Elsberry.
According to Wikipedia, the company's roots extend back to 1959 when Donald Lamberti leased a service station in Des Moines, Iowa, from his father. After successfully remodeling the station into a convenience store and operating it for nine years, his gasoline supplier and friend, Kurvin C. (K.C.) Fish, suggested Lamberti purchase a service station available for sale in Boone, Iowa. Lamberti purchased the station, which he renamed "Casey's" after Fish. Lamberti also converted the station into a convenience store.
By the late 1970s the chain had grown to 118 stores. Casey's 1,000th store opened in 1996, the same year Casey's exceeded $1 billion in annual sales for the first time.