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2003 SW Regional Airport Boulevard

Bentonville, AR 72713
  • $4,799,900
  • STATUS: Active
  • ON SITE: 353 Days
  • MLS #: 1222069
Price Reduced
UPDATED: 8 min ago
$4,799,900
  • 0
    BEDS
  • 3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 34,080
    SQFT
  • $141
    $/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.

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© 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. Data last updated: 2023-06-09T14:26:16.287.
www.sapphirerealtynwa.com/homes/130058709
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2003 SW Regional Airport Boulevard Bentonville, AR 72713

  • Price: $4,799,900
  • Status: Active
  • On Site: 353 Days
  • Updated: 8 min ago
  • MLS #: 1222069
0
Beds
0
Baths
0
½ Baths
3
Acres
34,080
SQFT
$141
$/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 Central Business DistrictCorner Lot Lot Size Dimensions Irregular Parking Features Parking Lot Parking Total 111 Road Frontage Type Main ThoroughfareRight Of Way

Interior Features

Basement None Basement YN No Cooling Central AirElectric Cooling YN Yes Flooring CarpetCeramic TileLaminateSimulated Wood Foundation Details Slab Heating Central Heating YN Yes

Property Features

Building Features Kitchen Facilities Current Use Mixed Use Possible Use OfficeOtherPlace Of WorshipRestaurantRetail Property Sub Type Other Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 22129 Utilities Electricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available 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. Data last updated: 2023-06-09T14:26:16.287.
 
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