Aspen Mini Storage Sells for $6.7M (NWA Real Deals)

A Wisconsin man paid slightly more than $6.7 million for the Aspen Mini Storage complex in Farmington.

Steve Juiris, who owns Huerth Storage in Fond du Lac, bought the 8-acre, 300-unit site on North Broyles Street through his NCWA Storage I LLC. The seller was 3B Storage LLC, led by Alex Baumeister, Patrick Byrd and Charles Burford. Signature Bank of Arkansas assisted the purchase with a loan of $5.3 million.

In 2018, Juiris paid about $22 million for six storage sites — four in Springdale and one each in Fayetteville and Bella Vista — from the 3B partnership.

Kum & Go

A pair of Kansas investors paid nearly $3.5 million for the Kum & Go convenience store on Main Street in Farmington.

Goko LLC of Wichita, led by Timothy Nelson and Brock Hampton, bought the 4,950-SF store. Goko also assumed the lease arraignment with Kum & Go.

The seller was BBR Oil IV LLC of Iowa City, Iowa, led by David Barker. Barker acquired the store from the Kum & Go parent company for $3.8 million in 2015.

Mid-Missouri Bank in Mount Vernon provided a loan of $2.4 million to Goko.

Birch Multifamily

A rental complex on Birch Avenue in Fayetteville sold for $1.7 million.

Robert Hensley of Rogers bought the property, which consists of 19 apartment units and six duplexes. The seller was Braig Enterprises Inc., led by Beckwith Campbell of Springdale.

Armstrong Bank in Springdale aided the purchase with a loan of $1.7 million.

Springdale Tacos

A former Taco Bueno restaurant in Springdale sold for about $1.4 million.

The 3,043-SF space, now a King Burrito eatery, is at 7420 W. Sunset Ave. The buyer was West Sunset Holdings LLC of Rogers, led by Ben Butler and Matt Sitton.

Citizens Bank in Batesville provided a loan of slightly more than $1 million.

The seller was Richard Verity of Broken Arrow, Oklahoma, through his Restinvest III LLC. Verity has now sold three former Taco Buenos in the past year; the restaurants closed after the parent company declared bankruptcy in 2018.

Verity sold two Fayetteville properties for $2.9 million earlier this year.

Theo’s Restaurant

The owner of the Southern Food Co. in Fayetteville paid $1.2 million for Theo’s Restaurant on North Campbell Avenue in Fayetteville.

Todd Martin, through his Maverick Land Co. LLC, bought the 4,000-SF restaurant, which had closed during the COVID-19 pandemic. The seller was the Bowman Development Group LLC, led by Scott and Ted Bowman.

Signature Bank of Arkansas assisted the purchase with a loan of $1.26 million.

Cracker Barrel

The Cracker Barrel in Springdale was part of a national acquisition by a Chicago real estate equity firm.

Oak Street Real Estate Capital paid $355 million to the chain’s publicly traded parent company, Cracker Barrel Old Country Store Inc. of Lebanon, Tennessee, for 126 restaurants. The Springdale site had a $3.2 million price tag; the seller was US Realty Advisors of New York City, which paid Cracker Barrel $2.1 million for it in 2000.

The restaurant will still operate as the parties agreed to a leasing arrangement.

Fayetteville Multiuse

An 8,000-SF retail-warehouse property on North College Avenue in Fayetteville sold for $1.15 million.

KLBFW LLC of Fayetteville, led by Kevin Farmer, bought the building. Goff-McNeal Investment Co. LLC, led by D.C. Goff and Marcia Woody, was the seller.

Simmons Bank assisted the purchase with a loan of $862,500.

RV Park

An 18-unit RV park in Farmington sold for $900,000.

Ozark Canopy LLC of Springdale, led by Bryan Loyd, bought the 2-acre property on East Main Street. The seller was Farmington RV Park LLC, led by Debby Lynn Acton Renner.

Legacy National Bank in Springdale assisted the purchase with a loan of $927,000.