2003 SW Regional Airport Boulevard, Bentonville, AR 72713 (MLS # 1222069)

2003 SW Regional Airport Boulevard, Bentonville, AR 72713 (MLS # 1222069)


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PRICE $4,550,000
SIZE 34,080 sqft
LOT SIZE 3.00 ac

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.

LAST UPDATED 9/29/2023 YEAR BUILT 2006
COUNTY Benton STATUS Sold
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to May 10, '23 $4,800,000
May 10, '23 - Jun 1, '23 $4,950,000
Jun 1, '23 - Today $4,799,900


ADDITIONAL DETAILS
AIR Central Air, Electric
AIR CONDITIONING Yes
BASEMENT None
EXTERIOR Storage
HEAT Central
LOT 3 acre(s)
LOT DESCRIPTION Corner Lot
LOT DIMENSIONS Irregular
PARKING Parking Lot
SEWER Public Sewer
STORIES 1
TAXES 22129
UTILITIES Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
WATER Public

SATELLITE VIEW



 
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Listing provided by Salmonsen Group Realtors, Keller Williams Market Pro Realty Bentonville West

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