An Iowa investor came to Arkansas to buy a franchise location of Iowa-based Kum & Go.
Richard Hurd, through his Hurd Jordan Two LLC, bought the Kum & Go convenience store at 1875 E. Huntsville Road in east Fayetteville. The 5,402-SF store, which opened earlier this month, sits on 1.9 acres.
Hurd is the owner of Hurd Real Estate of West Des Moines. Kum & Go is headquartered in downtown Des Moines and operates about 400 stores in 11 states.
Kum & Go has a 20-year lease for the location that pays annual rent of about $342,400.
Dallas investors paid $1.87 million for a 14-unit apartment complex on South Hill Avenue in Fayetteville.
BV Flats on the Hill LLC, led by Neill and Caroline Bennett, bought the two-story, 11,000-SF complex. First State Bank provided a loan of nearly $1.4 million.
The seller was Abaco International Group LLC of Fayetteville, led by Michael Enderlin, who acquired the property for $1.35 million in December.
A Fayetteville artisan shop paid $1.3 million for a group of commercial buildings on North College Avenue.
Pink House Alchemy LLC, led by Emily Lawson, bought the properties, which involved six joined tracts. Pink House Alchemy is located in a 10,102-SF building on the 1.3-acre site.
Three other buildings that house, among other things, a tattoo parlor, total about 5,700 SF. Lawson is the founder of Pink House Alchemy, which makes syrups, bitters and shrubs.
Legacy National Bank provided a loan of more than $1 million. The seller was Markkem Commercial Properties LLC, led by Mark January and Kem January.
An investment group in Frisco, Texas, paid $636,000 for a future Jiffy Lube on North Crossover Road in Fayetteville.
Guggenheim Retail Real Estate, led by President Robert Strandt Jr., bought the property through its JL Fayetteville 1336 LLC subsidiary. The company’s development services team will oversee construction of a 2,920-SF, double-bay oil change facility and office at the 1.37-acre site.
Jiffy Lube and Guggenheim have a build-to-suit, 15-year lease for the property.
Community Bank of Texas in Dallas provided a $1.9 million loan.
The seller was The McLain Group through its ArFay Crossover LLC. The McLain Group is led by Scott McLain.
Lewis Automotive Group paid slightly more than $1.1 million for a 2,960-SF commercial warehouse-office building on West Moore Lane in Fayetteville.
The group bought the 0.64-acre property through its Lewis Brothers Leasing Co. Inc., led by company Vice President Matt Lewis. The property, which was home to King Electric Supply, is adjacent to several other properties Lewis has purchased recently on the west side of Interstate 49.
The seller was C&K Holdings LLC, led by Chris King. Chris and Karen King acquired the acreage for $18,000 in 1993.
A 14-unit apartment complex on South Dunn Avenue in Fayetteville sold for $865,000.
The Cottages at Ashwood LLC, led by Stephen Brooks of Fayetteville, bought the 7,944-SF complex. Legacy National Bank provided a $735,250 loan.
The seller was J2NE LLC, led by John Cloyed of Fayetteville. Cloyed acquired the property for $339,500 in 2015.
A 5,400-SF antiques store in Fayetteville sold for $500,000.
JSMVC LLC, led by J. Stephen Purtle, bought the building on East Huntsville Road. Purtle is the owner of Precious Cargo, a furniture store a few blocks east on Huntsville Road.
United Bank provided a $392,000 loan.
Silva Properties LLC, led by Mark Silva of Farmington, was the seller. Silva bought the property for $440,000 in May 2021.