- A Commerce Drive convenience store in Craighead County sold to Getty Leasing Inc. for $7.4 million, the top deal from July 15 to Aug. 15, 2025.
- Other leading transactions were a $4.3 million restaurant purchase by North East 88 Development LLC and a $2.1 million shopping center bought by Rental Joint LLC.
- Deal flow skewed toward retail and commercial properties around Jonesboro, with most other sales under $2 million including another $1.9 million shopping center.
- The pricing premium for convenience/fuel sites underscores investor demand but heightens due-diligence needs on traffic, environmental, and operating risks.
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This recent set of real estate transactions in Craighead County highlights a robust appetite among investors for high-visibility, retail-oriented commercial properties. The $7.4 million deal for the convenience store sets a benchmark for values in the convenience/fuel retail asset class, especially when compared to other deals in the same period such as restaurants ($4.3 million), and shopping centers ($2.1 million).
The buyers—Getty Leasing Inc., North East 88 Development LLC, and Rental Joint LLC—appear to be emphasizing both scale and location. The $7.4 million convenience store on Commerce Drive suggests significant traffic or strategic placement. Meanwhile, the comps (restaurant and shopping center purchases) reinforce that retail corridors in Craighead County are commanding top dollar. This is corroborated by more recent reports (e.g., in late 2025) where similarly situated retail and mixed retail/restaurant parcels traded in the multi-million-dollar range.
From a portfolio strategy perspective, these patterns indicate increasing subdivision in the highest-value brackets—where transactions above $2 million are not uncommon in commercial retail, but few properties exceed the $5 million threshold. Investors evaluating entry should anticipate sharp valuation compression beyond the $1–2 million band unless securing marquee location, tenant, or size. There is also evidence of diversified interest: smaller commercial acres, single-tenant offices (dental office), and residential homes still constitute meaningful parts of the deal flow.
Risk considerations include exposure to market saturation in retail real estate, rising interest rates, and potential shifts in consumer behavior (online vs physical retail). Given the premium on convenience/fuel-anchored retail, due diligence on traffic counts, zoning, maintenance liabilities, environmental risk is essential—particularly for assets like convenience stores. Also, future regulatory or tax policy changes in Arkansas could influence carry costs or return profiles.
Open questions include: Who were the sellers and what motivated the exits (e.g. operational, retirement, capital gain)? What are the income streams of these assets (leases, fuel revenue, etc.)? How do financing terms compare across these deals, and are investors paying more upfront or assuming more debt?
Supporting Notes
- Getty Leasing Inc. paid $7.4 million for a convenience store on Commerce Drive; closing date July 21, 2025.
- North East 88 Development LLC acquired a restaurant for $4.3 million; closing date July 31, 2025.
- Rental Joint LLC bought a shopping center for $2.1 million; closing date August 12, 2025.
- Additional deal: MCGI Holdings LLC sold a shopping center to COT ARB Jones LLC for $1.9 million; completed July 16, 2025.
- Minor transactions included a dental office (buyer: Kiki McQueen LLC) at $900,000; a warehouse (“commercial acres”) for $943,000; etc.
- Recent comparable deals (Oct–Nov 2025) include $3.55 million for a mini-storage warehouse and $2.75 million for a shopping center on Red Wolf Boulevard.