LV Petroleum Buys Lowell Travel Center for $23.3M
The Las Vegas-based operator acquired the Interstate 49 truck stop, its 95th location, from Alma-based TRW LLC.
Updated on Nov. 6, 2026 in Openings & Closings
LV Petroleum LLC bought Workman's Travel Center in Lowell for $23.3 million from TRW LLC. The 15,202-square-foot truck stop, now TA Express Lowell, sits at Interstate 49 and Arkansas Highway 264.
Why it matters
The purchase expands LV Petroleum's footprint in Northwest Arkansas and adds a major truck stop and fuel hub to Lowell's commercial corridor. The property's amenities and EV charging capacity reflect ongoing demand for full-service travel centers along the interstate.
The $23.3 million price works out to $1,532 per square foot for the 15,202-square-foot center, up from the $3.6 million TRW paid in 2017. Alcova Holdings LLC provided a six-month, $24.5 million loan that can be extended to March 2030, and the buyer's financing terms beyond that window were not detailed.
The players
LV Petroleum LLC
A Las Vegas-based developer and operator of travel centers, convenience stores and restaurants, now operating its 95th location.
Alcova Holdings LLC
An Armonk, N.Y.-based lender that provided the six-month, $24.5 million loan for the purchase.
The details
LV Petroleum plans to add a bakery and sweets counter to the site, which already includes 45 truck parking spaces, laundry and showers, Fillup Cafe, Jimmy John's, 16 fuel pumps and eight Tesla Superchargers. The property sits on 9.72 acres at 898 W. Monroe Ave.
Timeline
January 2017 to April 2017: TRW paid $3.6 million for the property in separate transactions.
2018: The truck stop and travel center was built.
March 2030: The Alcova Holdings loan can be extended to this date.
Market Landscape
The sale places LV Petroleum among operators consolidating travel centers along Interstate 49, where full-service sites with fuel, parking and EV charging compete for long-haul traffic. The purchase also reflects how regional fuel and convenience operators are acquiring existing truck stops rather than building new ones.
Drivers on Interstate 49 may see changes to fuel, food and amenity offerings as the new operator takes over the site and plans its bakery and sweets counter. Travelers needing parking, showers or Tesla charging at the Lowell exit will continue to find those services at the same location.
The takeaway
Acquisitions of existing truck stops can change service offerings quickly without new construction, so travelers on this corridor should check amenities before relying on a specific site.
Further reading
For more on recent shifts in the local retail scene, browse Openings & Closings in Lowell.
Source note: This article includes information reported by Talk Business & Politics.
