Midtown LR Chipotle Rings Up $5M Sale (Real Deals)

Midtown LR Chipotle Rings Up $5M Sale (Real Deals)
Chipotle Mexican Grill at 100 S. University Ave. in midtown Little Rock. (Google Maps)

A 2,400-SF eatery in midtown Little Rock weighed in at a reported $5.08 million.

The Alan & Yolanda Sheridan Trust of Foster City, California, bought the Chipotle Mexican Grill at 100 S. University Ave. from 100 University LLC, an affiliate of Moran Capital in Dallas.

The limited liability company acquired the 1.12-acre location at one of the busiest intersections in Arkansas for $1.3 million in May 2012 from the estate of J.C. Baker.

Tire Transaction

A 56,008-SF tire facility in east Little Rock changed hands in a $4.6 million sale-leaseback transaction.

Agree Stores LLC, an affiliate of Agree Realty of Bloomfield Hills, Michigan, purchased the Goodyear Wingfield facility at 7510 Fluid Drive from Goodyear Tire & Rubber Co. of Arkon, Ohio.

The 5.55-acre site was bought for $258,000 in January 1993 from Helen Pate.

Office-Warehouse Buy

A 106,372-SF office-warehouse in North Little Rock rang up a $4.3 million sale.

NLR IND LLC, led by Wes Martin, acquired the 4300 Stockton Drive project from Woodcrest Co. LLLP, led by James Matthews. The deal is financed with a five-year loan of $3.2 million from Encore Bank of Little Rock. 

The 8.22-acre property was purchased in August 1959 as part of a $250,000 deal with Fred and Katherine Watkins.

Warehouse Land

Land for a nearly 1 million-SF warehouse project in the Little Rock Port Industrial Park tipped the scales at $3.49 million.

Blue Stem LR LLC, an affiliate of Bluestem Partners of Overland Park, Kansas, bought the 64.19-acre tract at the southeast corner of Zeuber and Fletcher roads from the city of Little Rock.

The land was acquired in July 2009 as part of a $2.2 million deal with Man USA Inc. of Houston.

SSA Office

A 10,929-SF Social Security Administration office in Sherwood sold for $2.12 million.

RQL Sherwood LLC, an affiliate of RQL of Colorado in Northglenn, purchased the 3608 E. Kiehl Ave. project from Central Arkansas Supply System I Inc., led by Byron McKimmey.

The deal is backed with a $1.4 million loan from Encore Bank. The 1.34 acre site was bought for $280,000 in February 2002 from Zeiler Real Estate, led by the heirs of Johanna Zeiler.

Woodlands Purchase

A 158-acre tract in west Pulaski County drew a $1.65 million transaction.

KRE5-EPIC LLC, led by Texas investors Karan Negi and Praveena Beeram, acquired the land at the northwest corner of Sullivan and Raines roads. The seller is Mass LLC, led by Kevin McReynolds.

The deal is funded with a 30-year loan of $1.1 million from Ag America Lending LLC of Lakeland, Florida.

The property was purchased for $85,000 in June 1984 from Samuel Raines, Barbara Raines and Twilla Raines Harper.

Dollar Deal

A 9,034-SF Dollar General in Little Rock is under new ownership after a $1.43 million deal. 

Altius Investors LLC of Pacoima, California, bought the 3124 W. Roosevelt Road project from B&A Little Rock LLC of New York.

The 1.36-acre development was acquired for $1.2 million in 2017 from PB General Holdings (Roosevelt) LLC, led by Leonard Boen.

University Project

An 11,996-SF commercial building in Little Rock changed hands in a $700,000 transaction.

Yen Doan purchased the 5720 S. University Ave. project from CI Topline LLC, led by Russell Latenser.

The deal is financed with a $490,000 loan from Centennial Bank of Conway.

The 1.22-acre development was bought for $300,000 in May 2013 from the estate of Dorothy Martindill.

Hickory Pointe

A 4,554-SF Hickory Pointe home in Little Rock drew a $1.05 million sale.

Chris Carson bought Russell and Mary Simmonds’ Hickory Pointe home in Little Rock using a $650,000 loan from Eagle Bank & Trust of Little Rock.

The Simmondses bought the site for $95,000 in 2013 from the Thomas & Vicki Kovaleski Revocable Trust.

Convenient Acquisition

A 5,588-SF convenience store in Little Rock rang up a $450,000 sale.

Sharks Of Fair Park Investments LLC, led by Victor Calvin, Nazim Ali and Aziz Lalani, acquired the Sharks project at 3323 Fair Park Blvd. from James and Phyllis Pearce.

The Pearces provided a 15-year mortgage of $405,000 to fund the transaction.

The 0.24-acre development was purchased for $150,000 in January 1987 from Bruce Johnson.

Multifamily Property 

A six-unit apartment project in downtown Little Rock drew a $400,000 transaction.

Saxion Enterprises LLC, led by Zachary Saxion, bought the 418-422 E. 15th St./1422 Commerce St. project.

The sellers are Josh and Jennifer Malone.

The 0.21-acre development is helping secure a 10-year loan of $800,000 from First Service Bank of Greenbrier. The Malones acquired the location for $188,000 in April 2013 from Betty Krenz.

Pinnacle Point

A 6,348-SF home in Cammack Village’s Pinnacle Point neighborhood weighed in at $1.4 million.

Peter Treadwell Jr. and his wife, Laura, purchased the house. 

The seller is the Laventana Personal Residence Trust, led by Scott and Janet Korenblat.

The deal is backed with a 25-year loan of $650,000 from Regions Bank of Birmingham, Alabama.

The house was bought for $585,000 in November 1999 from Gaines Norton Jr. and his wife, Diane.