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Farmington Kum & Go Has New Owner (NWA Real Deals)

3 min read

The Kum & Go store in Farmington has a new owner after a sale-leaseback.

BBR Oil IV LLC of Iowa City, Iowa, paid $3.875 million for the store at 90 E. Main St. KG Store 423 LLC, the subsidiary of Kum & Go LC of West Des Moines, Iowa, was the seller.

Kum & Go isn’t going anywhere. It signed a 20-year lease with BBR Oil, which is led by President David Barker.

Kum & Go bought the property for the store in July 2014. It paid $570,000 to Petromark Inc., which operated a 1-Stop Mart at the location, and Kum & Go paid $135,000 to Marsha and Ronald Woodruff for the adjacent lot.

Union Bank & Trust Co. of Lincoln, Nebraska, funded the purchase with a $2.98 million loan.

Springdale Self Storage Sells for $2.3 Million

A Springdale self-storage complex has been sold again after less than one year.

Brunwick Development Group LLC of Fort Smith, led by Carl Baumeister, paid $2.3 million for Airtight Self Storage at 2571 E. Robinson Ave. in Springdale. BancorpSouth Bank of Tupelo, Mississippi, funded the deal with a $1.995 million loan.

Haizen Investments LLC, an Oklahoma corporation with a Fort Smith mailing address, was the seller. Haizen, led by Patrick Byrd, bought the property from Alpine Properties LLC of Fayetteville for $2.2 million in August 2014.

Airtight Self Storage covers approximately 6.3 acres and has 543 units and a 1,680-SF office.

Byrd and Baumeister are partners in 3B Storage LLC, which bought a self-storage complex on Shady Grove Road in Springdale around the same time Haizen purchased Airtight. 3B Storage paid $636,000 to Haizen for the All Store complex, which covers 3.2 acres and has 213 units.

OREO Property Sold in Springdale

Daugherty & Daugherty Properties LLC of Fayetteville paid $325,000 for a 0.85-acre lot on East Robinson Avenue in Springdale.

The Bank of Fayetteville was the seller of the property, which was a Pop’s Express gas station before the bank foreclosed on it in 2014. PMD Inc., led by Manish Daya, Falguni Daya, Deeptesh Daya and Pina Daya, paid $650,000 for the property in 2004.

Daugherty & Daugherty, made up of Robert and Jason Daugherty, received a $276,250 loan from Signature Bank of Arkansas to assist in the purchase.

Former Long John Silver’s In Fayetteville Sold

An Oklahoma company bought a property that was once a Long John Silver’s restaurant in Fayetteville.

Tomlynn Properties of Owasso, Oklahoma, whose registered agent is Thomas Hart, paid $322,500 for the 0.44-acre site at 1705 N. College Ave. in a cash transaction. The seller was College & Sycamore LLC, led by Kevin Huchingson, which acquired it in 2009.

Dixon Street Bar Sold

Dave Bass bought the Stir nightclub on Dickson Street in downtown Fayetteville.

Bass, through his Donk & Bubs LLC, paid $800,000 for the bar. Bass has owned or currently has ownership stakes in several bars, such as Shotz, Blue Parrot and Dave’s on Dickson, and he recently opened The Grove restaurant in Rogers.

Margie and Burett Waggoner of Lake Jackson, Texas, were the sellers. Bass agreed to pay $750,000 through monthly installments of $7,954.91 for 10 years.

PAM Transport Buys Adjacent Property

PAM Transport Inc. of Tontitown paid $375,000 for a little less than 1 acre of land next to its headquarters.

PAM bought the four properties, one of which has a 1,755-SF office building on the site, from David and Diana Wright of Tontitown. David Wright bought the property for $375,000 in 2006.

Springdale Site Sold

A former furniture store in Springdale Industrial Park was sold to a Fayetteville group.

Contractor Solution Group LLC, led by Pauline Jones of Rogers, paid $379,000 for a 2.4-acre property at 2057 Ford Ave. Raymond and Nancy Fuller of Fayetteville were the sellers.

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