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.
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0BEDS
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3ACRES
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0BATHS
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01/2 BATHS
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34,080SQFT
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$134$/SQFT
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.
© 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.
Listing provided by Keller Williams Market Pro Realty Bentonville West: 479-231-1352.