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A Git-N-Go sale.

A Git-N-Go Sale

A convenience store/self-service station adjacent to the La Quinta Inn off I-630 recently changed hands in a $790,500 transaction. The Git-N-Go is located on a 1.18-acre tract at the northeast corner of Fair Park Boulevard and 10th Street.

The buyer is Hoover Leasing Corp., a subsidiary of Hoover Holding in Pine Bluff that will be developing a Big Red convenience store/self-service station on Chenal Parkway (Real Deals March 26-April 8).

The seller is Don Burkett, who operates several Git-N-Go outlets around town. He bought the undeveloped site for $300,000 (about $5.84 per SF) in November 1988 from Properties West Inc., a corporate entity of distressed developers B.G. Coney and Roylene Smith.

Twin City Bank financed the land acquisition and construction with a $679,773 note, which was assumed by Hoover Leasing as part of the purchase from Burkett.
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Title Annotation:Real Deals
Publication:Arkansas Business
Date:May 7, 1990
Words:148
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