AR > Bentonville
Bentonville, AR 72713,2003 SW Regional Airport Blvd
Bentonville, AR 72713,2003 SW Regional Airport Blvd
Bentonville, AR 72713,2003 SW Regional Airport Blvd
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Stacey McSpadden

Stacey McSpadden

+1(479) 200-0031
$4,799,900
Est. payment /mo
34,080 SqFt
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UPDATED:

06/19/2023 05:31 PM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 34,080 sqft

Price per Sqft $140

MLS Listing ID 1222069

Construction Status Resale (less than 25 years old)

HOA Y/N No

Year Built 2006

Annual Tax Amount $22,129

Lot Size 3.000 Acres

Acres 3.0

Lot Dimensions Irregular

Property Description

PRICED WELL-BELOW REPLACEMENT. At only $140 PSF this building can be purchased at approx. half of today's replacement cost. This price is a 6.42% Cap Rate. The rates are below market, currently about $12 PSF, modified gross. Area rents are approx. $15 Plus NNN. The upside is big here. Rare opportunity to capture a solid retail investment opportunity with over 610’ of major road frontage in one of the fastest growing market centers of the country! 100% Leased to a mix of tenants including a weightlifting gym, wrestling school, preparatory school, & a Mexican Restaurant that extended their lease during the COVID pandemic! Demand for this area is booming, there's still tenants who are trying to lease space! Situated at a hard corner on SW Regional Airport Blvd. boasting over 14,000 VPD & surrounded by over 3,100 households in a 1mi radius from the property! Great parking lot, recently completed upgrades to landscaping & the exterior! A "drink-thru" has recently signed a 5-year land lease on the NE corner of the lot.

Location

State AR

County Benton

Zoning N

Direction From I-49 - Head west on SE Walton Blvd toward SE Metro Pkwy then Turn left onto SW Regional Airport Blvd; Property is on the Left.

Rooms

Basement None

Interior

Heating Central

Cooling Central Air, Electric

Flooring Carpet, Ceramic Tile, Laminate, Simulated Wood

Exterior

Exterior Feature Storage

Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Present Use Mixed Use

Road Frontage Main Thoroughfare, Right of Way

Total Parking Spaces 111

Building

Lot Description Central Business District, Corner Lot

Foundation Slab

Sewer Public Sewer

Water Public

Construction Status Resale (less than 25 years old)

Others

Special Listing Condition None

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Listed by Keller Williams Market Pro Realty Bentonville West
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"Stacey's passion for real estate and her love for Northwest Arkansas are a perfect match. She takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Northwest Arkansas."

+1(479) 200-0031

stacey@sohonwa.com

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