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Avid Hotel Sells For $11.5 Million (NWA Real Deals)Lock Icon

3 min read

A Bentonville investor paid $11.5 million for the Avid Hotel in Bentonville.

Manuj Jain, president of SC Petroleum LLC, bought the 87-room hotel on Medlin Lane. The hotel totals 39,346 SF and sits on 1.6 acres.

Chambers Bank in Danville provided a loan of $7.5 million.

The sellers were Continental Capital LLC and DM Hotels LLC. Continental is led by Jayesh Jain; DM is led by Kirit Modi.

Continental Capital acquired the property as land for $88,000 in 2018 and the hotel was completed in 2020.

Bentonville Auto Shop

An automobile repair garage in Bentonville sold for $5.15 million.

The Quinn Family LP II, led by Johanna Quinn of Jonesboro, bought the Caliber Collision location on SW 14th Street in Bentonville. The property covers 2.2 acres and includes a 16,952-SF garage.

Caliber Collision is a national company with several locations in Arkansas.

The seller was Cross Development CC Bentonville LLC, led by Joe Dell of Carrollton, Texas. Dell is the CEO of Cross Development.

Bentonville Chick-fil-A

The site of Bentonville Chick-fil-A sold for $3.4 million.

Sinclair Ventures LLC, led by Daniel and Virginia Lawrence of Ormond Beach, Florida, bought the 4,079-SF fast-food restaurant on South Walton Boulevard. The restaurant sits on 1.3 acres.

First National Bank of Fort Smith provided a loan of $1 million.

The seller was Posh Enterprises LLC, led by Mark Willis of Loveland, Ohio. Posh Enterprises acquired the property for $750,000 in 2007.

Law Office for Two

A husband-and-wife law team paid $2 million for a law office in Fayetteville.

Brandon Lacy and Megan Henry, through their Ice Queen LLC, bought the 9,377-SF office building on East Millsap Road that was the home of Taylor Law Partners. Lacy and Henry are partners in the Lacy Law Firm, which has offices in Fayetteville and Jonesboro. Encore Bank provided a loan of $1.7 million.

The seller was Sanity LLC, led by Tim Myers, an attorney with Taylor Law Partners. Sanity LLC acquired the property for $1.6 million in 2007.

Hunt Scion Purchase

A 3,654-SF retail building on North College Avenue in Fayetteville sold for $690,000.

The buyer was Bryan Hunt of Rogers through his Bryan Hunt LLC. Hunt is the son of Johnnie Bryan and Johnelle Hunt, the co-founders of J.B. Hunt Transport Services Inc. of Tontitown.

The seller was Monkgram Properties LLC, led by Matthew and Patricia Paul of Fayetteville. The Pauls are the owners of Mid-South Awards & Custom Embroidery, which was located at the site. The Pauls acquired the property for $270,000 in 2010.

Springdale AT&T

An AT&T location in Springdale sold for $2.6 million to a Springdale investor.

An Wei Feng, through his AW Feng Investment LLC, bought the 7,000-SF building on West Sunset Avenue. The property sits on 1 acre.

Arvest Bank provided a loan of $1.85 million.

The seller was Starmax AR Wireless LLC, led by S. Barksdale McKay of Fernandina Beach, Florida.

Fayetteville Staffing Co.

The owners of an employment agency paid $1.1 million for the company’s building on West MLK Jr. Boulevard in Fayetteville.

Daugherty & Daugherty Properties LLC, led by Jason and Bob Daugherty, bought 1st Employment Staffing’s office. The Daughertys are co-owners of the business, and Jason is the president and CEO of 1st Employment Staffing.

The sellers were Nancy Kelly Crutcher and John S. Crutcher IV. John S. Crutcher III obtained the property for $546,000 in 1995.

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