CVS Completes Bella Vista Land Deal for $2.30 Million
by January 6, 2014 12:00 am 204 views
The land in Bella Vista where a CVS Pharmacy will be constructed — 1.92 acres — recently changed hands in a $2.30 million deal.
CVS paid $2.25 million for two tracts totaling 1.77 acres. Mac’s Investment Group LLC, led by Roger Gildehaus of Bentonville, was the seller.
Gildehaus paid $1.09 million for the property in April 2011. At that time it was a vacant auto dealership — owned by Bentonville auto dealer George Nunnally — that had sat vacant for more than a year.
Also sold to CVS for $50,000 was a 0.15-acre tract owned by Cooper Communities Inc.
The proposed development, at the southeast corner of U.S. Highway 71 and Mercy Way, will replace two existing buildings on the site — Mac’s Get & Go and Decker Eye Clinic.
Dogwood Deal
A bank-owned, multi-tenant office building at the northeast corner of Interstate 540 and Arkansas Highway 72 in Bentonville recently sold for $1.07 million.
NWA Investment Pros Inc., whose members include Marc King, Larry Robison, Jana Robison, Mel Reed and Doris Carlin, bought the 17,730-SF Dogwood Office Park development at 3105 N.E. 11th Street.
Simmons First National Bank was the seller.
Simmons also backed the deal with a three-year mortgage of $957,294.
Kings River Title in Bentonville was the closing agent.
Keller Williams Realty (7,521 SF) is the primary tenant. Others include Munsen Chiropractic and Pilgrims Pride.
Ecclesia Acquisition
A 3,186-SF home on 23-acre lot in Springdale recently sold for $675,000
Ecclesia College of Springdale bought the property at 3870 ALS Drive just off Arkansas Highway 112.
James and Patricia Hollingsworth were the sellers.
Centennial Bank of Conway financed the deal with a mortgage of $480,000.
Downtown Residence
A residential sale in the Three Sisters building just off Dickson Street in downtown Fayetteville was recently closed for $550,000.
Brothers Brandon and Bryan Adams of Conway, through their 3B Holdings LLC, bought the third-floor condominium at 211 N. Thompson Ave.
Graham and Rachel Streett were the sellers.
One Bank & Trust financed the deal with a mortgage of $518,000.
Advantage Title & Escrow of Fayetteville was the closing agent.
Street paid $350,000 for the 2,000-SF condo in March 2002.
Submit tips about lease activity, construction, transactions or upcoming projects valued at $300,000 or more to Paul Gatling at [email protected]. Please write ‘Real Deals’ in the subject line.