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Fayetteville Walgreens Sells for $6 Million (NWA Real Deals)Lock Icon

3 min read

A Walgreens pharmacy in uptown Fayetteville sold for nearly $6 million.

Spectrum Link LLC, led by Catherine Wright Vantine, bought the 14,488-SF pharmacy on 1.5 acres at North Shiloh Drive, northwest of Joyce Boulevard and North College Avenue. Spectrum Link acquired the property as a titleholder for Hillcrest Holdings LLC, led by Gary Nichols of Rogers.

First State Bank in Russellville provided a $3.5 million loan. The seller was the Hugo Herzberg Co. of St. Louis.

Fayetteville Square

Two retail buildings in downtown Fayetteville sold for $1.66 million.

The Holcomb Development Group LLC, led by Bhakti and Joseph Holcomb, bought the properties on East Mountain Street, off the downtown square. They are 4,418 SF and 7,755 SF.

The smaller retail location was the longtime home of Matilda’s Dress Shop. Simmons Bank provided a loan of $1.2 million.

The seller was the Virginia McAllister Revocable Trust, led by Lonnie McAllister III. Virginia McAllister, who died in October 2022, ran the family dress shop for many years.

Convenience Store

A convenience store and gas station on North College Avenue sold for $1.48 million to a Texas investment group.

The 0.7-acre property is adjacent to the VA Medical Center-Fayetteville and across College Avenue from the Evelyn Hills Shopping Center. The store is 2,480 SF.

It was bought by a partnership from Frisco, Texas. Jeet Vishv and Shilpa Jain bought 81.8% of the property, and Homarjun Agrahari and Gangula BA Investment LLC each acquired 9%.

The seller was A2 Development Co. LLC of Little Rock, led by J. Blake Smith. A2 acquired the property for $850,000 earlier this year.

Springdale School Purchase

The Springdale School District paid $1.65 million for a site adjacent to the district’s high school.

The 17,528-SF building sits on 1.67 acres on South Thompson Street.

The seller was the Barbre Group Investments LLC, led by Helen Stephens, which acquired the property in 2018.

Springdale Storage

A Little Rock investor paid $1.15 million for a Springdale storage complex.

Jeston George, through his Makal Holdings 1 LLC, bought the 24,960-SF, 165-unit complex on 2 acres on Robinson Avenue. George is the founder and former CEO of the education technology company Apptegy Inc. He left Apptegy in May.

The seller was Martin Property Development LLC, led by Christopher and Jessica Martin. The Martins acquired the property as land for $145,000 in 2021.

Wood Stone

The co-owners of Wood Stone Pizza bought the restaurant’s location on South School Avenue for $1.05 million.

Jerrmy Gawthrop and Joseph Suttle, along with partner Curt Richardson, bought the 4,044-SF restaurant through their Wood Stone Ventures LLC. Wood Stone, started in 2014, has locations on South School and in uptown Fayetteville.

Gawthrop and Suttle previously owned the Greenhouse Grille in Fayetteville, which was adjacent to Wood Stone’s current South School site.

The seller was The Mill District LLC, led by Thomas Bourdeaux III of Fayetteville, which acquired the property in 1999.

West Wedington Land

A 1.7-acre tract on West Wedington Drive in Fayetteville sold for $678,000.

CCV DT Rogers Holdings LLC, led by Randy Crossno, and Driver Development Group LLC, led by Michael Driver, acquired the land, which is located between a Walgreens pharmacy and the Catfish Hole restaurant. Crossno and Driver are real estate brokers and investors. Arvest Bank provided a loan of $271,360.

The seller was Lfore Holdings LLC, led by Damon Dunn. Dunn is CEO of Lagunita Franchise Operations, which runs Dunkin’ franchises. He bought the site for $640,000 in 2022.

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