Skip To Content

2003 SW Regional Airport Boulevard

Bentonville, AR 72713
  • $4,550,000
  • STATUS: Closed
  • ON SITE: 532 Days
  • MLS #: 1222069
Sold - 09/29/2023
$4,550,000
SOLD - 09/29/2023
  • 0
    BEDS
  • 3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 34,080
    SQFT
  • $134
    $/SQFT
Type:
Commercial
Built:
2006
County:
Area:

School Ratings & Info

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.

Monthly Payment Calculator



© 2023 Northwest Arkansas Board of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sapphire Realty | Realty + Design Co.. Data last updated: 2023-12-05T23:26:01.457.
www.sapphirerealtynwa.com/homes/130058709
Print Image

2003 SW Regional Airport Boulevard Bentonville, AR 72713

  • Price: $4,799,900
  • Status: Closed
  • On Site: 532 Days
  • Updated: 32 min ago
  • MLS #: 1222069
0
Beds
0
Baths
0
½ Baths
3
Acres
34,080
SQFT
$134
$/SQFT
2006
Built
County:
Benton
Area:
Benton
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.
Exterior Features

Exterior Features Storage Frontage Length 610 Lot Features CentralbusinessdistrictCornerlot Lot Size Dimensions Irregular Parking Features Parkinglot Parking Total 111 Road Frontage Type MainthoroughfareRightofway

Interior Features

Basement None Basement YN No Cooling CentralairElectric Cooling YN Yes Flooring CarpetCeramictileLaminateSimulatedwood Foundation Details Slab Heating Central Heating YN Yes

Property Features

Building Features Kitchenfacilities Current Use Mixeduse Possible Use OfficeOtherPlaceofworshipRestaurantRetail Property Sub Type Other Sewer Publicsewer Special Listing Conditions None Tax Annual Amount 22129 Utilities ElectricityavailableNaturalgasavailablePhoneavailableSeweravailableWateravailable Water Source Public Year Built Details Resale (Less Than 25 Years Old) Zoning Description Commercial

Listing provided by Keller Williams Market Pro Realty Bentonville West: 479-231-1352.


© 2023 Northwest Arkansas Board of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sapphire Realty | Realty + Design Co.. Data last updated: 2023-12-05T23:26:01.457.
 
https://bt-photos.global.ssl.fastly.net/arkansas/orig_boomver_2_1222069-2.jpg https://bt-photos.global.ssl.fastly.net/arkansas/orig_boomver_2_1222069-2.jpg https://bt-photos.global.ssl.fastly.net/arkansas/orig_boomver_2_1222069-2.jpg
Logo
Sapphire Realty | Realty + Design Co.
609 SW 8th St Ste 636
Bentonville AR, 72712