A popular food truck court in downtown Fayetteville is for sale.
Shulertown, at 372 W. Dickson St., is listed for $1.2 million. It was created in 2014 by restaurateur Zac Wooden and has seven food trucks and a full-service bar operating on it. The exterior bar/walk-in cooler is part of the property for sale.
Sara Posey with Fayetteville firm Collier & Associates says the sale is not caused by the COVID-19 pandemic. She’s been in charge of the listing since November 2019, and it nearly sold in the spring before the pandemic arrived. But the potential buyer pulled the contract.
“We were 15 days away from closing the property with a restaurateur in March,” she said.
Posey described the business as profitable and low maintenance. Each food truck is individually metered and runs its own business while paying a monthly rent of $600.
“It’s a perfect development location [because] the city allows for five to seven stories there already,” she said. “Or someone can keep the income from the trucks and bar and keep it as is.”
Shulertown resides in Fayetteville’s new outdoor drinking zone, which allows customers who are at least 21 to consume alcoholic beverages while on public sidewalks within the zone’s boundaries. Drinks are served in designated cups, and customers must wear official wristbands. The district is open daily from 10 a.m. to 10 p.m.
In 2019, Sen. Trent Garner, R-El Dorado, sponsored a bill that became Act 812, allowing for such districts. Because of the pandemic and its social distancing guidelines, several cities are taking a look at the law as a way to help businesses draw additional customers and revenue.
Eureka Springs, Fort Smith, Little Rock, Mountain Home and North Little Rock have established similar districts. Rogers and Springdale are considering them.