Eight Wendy's Locations Sales Surpass $9.5 Million Mark (Real Deals)

by George Waldon  on Monday, Oct. 7, 2013 12:00 am  

Construction of a new Little Rock police department substation on 12th Street is underway. (Photo by RPPY Architects Artist Rendering)

Eight Wendy’s in Pulaski County changed hands in a string of transactions topping $9.5 million.

ARC CafeHLD001 LLC of Jenkintown, Pa., purchased the eateries from CNL APFD Partners Ltd. of Orlando, Fla. The list includes:

  • The 0.32-acre project at 4920 W. Markham St. in Little Rock, $1.61 million.
  • The 0.64-acre project at 903 Broadway in Little Rock, $1.56 million.
  • The 0.69-acre project at 3923 S. University Ave. in Little Rock, $1.19 million.
  • The 0.3-acre project at 11319 Rodney Parham Road in Little Rock, $1.15 million.
  • The 1.2-acre project at 10623 W. Markham St. in Little Rock, $1.06 million.
  • The 1.02-acre project at 8703 Geyer Springs Road in Little Rock, $1.02 million.
  • The 0.92-acre project at 604 E. Broadway in North Little Rock, $1.01 million.
  • The 0.79-acre project at 4600 Camp Robinson Road in North Little Rock, $971,000.

CNL APFD Partners acquired the properties in December 2005 from Wendy’s Old Fashioned Hamburgers of New York Inc.

Those series of deals totaled more than $8.2 million.

Million-Dollar Construction

  • 12th Street Station    $11,900,612
    Police Substation
    3917 W. 12th St., Little Rock
    East Harding Inc., Little Rock
  • Wastewater Improvements    $4,922,000
    Shillcutt Bayou Pumping Station
    3503 Bay Oaks Drive, North Little Rock
    Max Foote Construction Co. Inc., Mandeville, La.
  • New Hotel    $3,400,000
    La Quinta Inn
    9 Crossings Court, Little Rock
    Hanuman Hospitality LLC, Monticello

Otter Creek Deal

Neighboring industrial properties in the Otter Creek area of west Little Rock are under new ownership after deals totaling $1 million.

Locust Bayou LLC, led by Steve Woodson and Jonathan Fallon, acquired the 4,900-SF Massey Construction facility at 11310 Otter Creek East Blvd. for $797,000.

The sellers were Jeff and Danica Massey.

An adjoining 1.5-acre parcel was bought for $270,000 from Otter Creek Fund No. 1 LLC, led by David Lewis and Jeff Massey.

The two transactions are backed with a $960,590 loan from Delta Trust & Bank of Little Rock.

The properties previously were linked with a November 2005 mortgage of $400,000 and a May 2005 mortgage of $153,376 held by Regions Bank of Birmingham, Ala.

 

 

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