2003 SW Regional Airport Boulevard, Bentonville, AR 72713 (MLS # 1222069)
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
|
|
|
Prior to May 10, '23
|
$4,800,000
|
May 10, '23 - Jun 1, '23 |
$4,950,000
|
Jun 1, '23 - Today |
$4,799,900 |
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 |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Jay
Downing to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by Salmonsen Group Realtors, Keller Williams Market Pro Realty Bentonville West
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by Northwest Arkansas Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2024.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts