Sherwood Convenience Store Rings Up $2.8M Transaction (Real Deals)

by George Waldon  on Monday, Jan. 28, 2013 12:00 am  

A Kum & Go convenience store in Sherwood tipped the scales at $2.8 million.

Arc KGSWDAR001 LLC of Jenkintown, Pa., bought the 3400 E. Kiehl Ave. project from KG Store 150 LLC of Des Moines, Iowa.

The 1.96-acre location was assembled in two March 2012 buys totaling $650,000. The sellers are Ernest Sam Lantrip, $400,000, and Marvin and Carletta Overton, $250,000.

Dollar Acquisition

A Dollar General store in Jacksonville changed hands in a $1.07 million transaction.

Yolo Holdings LLC, led by Daniel Quaranto of Lynnbrook, N.Y., purchased the 22405 Highway 107 project. The seller is PB General Holdings (Macon) LLC, led by Scott Proctor.

The deal is financed with a five-year loan of $700,000 from Arvest Bank of Fayetteville.

The 1.22-acre development previously was tied to a March 2012 mortgage of $768,000 held by Summit Bank of Arkadelphia.

The location was bought for $138,000 10 months ago from the James Potter Living Trust.

Sherwood Sale

A 4,896-SF office-warehouse building in Sherwood is under new ownership after a $425,000 deal.

Fourth Street LLC, led by Stuart Hankins, acquired the 1515 E. Kiehl Ave. property from Emanuel and Patsy Bates.



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