Crackerbox Properties Top $16 Million in Pulaski County (Real Deals)

by George Waldon  on Monday, Oct. 22, 2012 12:00 am  

The Little Rock convenience store at 8821 Fourche Dam Pike topped the chart among Valero’s Pulaski County Crackerbox acquisitions.  Sales price: $3.8 million. (Photo by Michael Pirnique)

Seven convenience stores in Pulaski County were sold in deals totaling more than $16 million.

Valero Arkansas Retail LLC of San Antonio bought the Crackerbox properties from four affiliates of the Hot Springs chain: Crackerbox LLC, Gardner Oil Co. and RMG Crackerbox LLC.

The projects were:

  • 8821 Fourche Dam Pike in east Little Rock, $3.8 million. The 3.87-acre site was assembled for $567,000 in deals with the city of Little Rock in October 2001 and August 2002.
  • 9250 Brockington Road in Sherwood, $2.6 million. The 2.36-site was purchased for $687,000 in March 2004 from Austin Lakes on the Bay LLC, led by Marian Botsford.
  • 9702 Hwy. 165 in North Little Rock, $2.5 million. The 3.35-acre site was acquired for $288,000 in January 2007 from John and Jeanette Atkins.
  • 4723 Maumelle Blvd. in North Little Rock, $2.22 million. The 2.06-acre site was bought for $277,000 in July 1999 from the Vestal Family Charitable Remainder Unitrust, led by Ken and Frances Vestal.
  • 14000 Kanis Road in west Little Rock, $2.18 million. The 1.92-acre site was purchased for $535,000 in April 2007 from BCC Real Estate Inc., led by Carl Hunt. The project previously was tied to a January 2009 mortgage of $2.2 million held by Twin City Bank of North Little Rock.
  • 8822 Stagecoach Road in southwest Little Rock, $1.79 million. The 1.39-acre site was acquired in February 1998 as part of a $500,000 deal with Shur-Value Stamps Inc., a Jerry Davis-led subsidiary of Little Rock's Affiliated Foods.
  • 10402 Mabelvale West Road in southwest Little Rock, $934,000. The 1.28-acre site was bought for $150,000 in December 1993 from The Jonas Co. Partnership, led by David and Betty Jones and Silas and Alice Askins.

Sudsy Purchase

A carwash project in southwest Little Rock is under new ownership after a $575,000 deal.

Sudsy Car Wash LLC, led by Tracy and Terre Tisdale, acquired the 8001 Geyer Springs Road property from Simmons First National Bank of Pine Bluff.

The deal is backed with a three-year loan of $463,063 from Little Rock's Bank of the Ozarks. The 0.52-acre development previously was linked with a December 2005 mortgage of $1.4 million held by the bank.

Only $100,000 was booked as outstanding when Simmons recovered the project seven months ago from Suds of Central Arkansas LLC, led by Stanley Rogers.

The limited liability company bought the property for $450,000 in December 2005 from Diamond State Oil Co., led by Michael Coulson.

Office Reclamation

A 9,220-SF office building in west Little Rock changed hands in a $435,000 sale.

RJB Limited LLC, led by Jan and Rex Bell, purchased the 1501 Macon Drive project from Metropolitan National Bank of Little Rock.

 

 

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