2003 SW Regional Airport Blvd Pending Save Request In-Person Tour Request Virtual Tour
Bentonville,AR 72713
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 34,080 sqft
Price per Sqft $140
MLS Listing ID 1222069
Construction Status Resale (less than 25 years old)
HOA Y/N No
Year Built 2006
Annual Tax Amount $22,129
Lot Size 3.000 Acres
Acres 3.0
Lot Dimensions Irregular
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.
Location
State AR
County Benton
Zoning N
Direction From I-49 - Head west on SE Walton Blvd toward SE Metro Pkwy then Turn left onto SW Regional Airport Blvd; Property is on the Left.
Rooms
Basement None
Interior
Heating Central
Cooling Central Air,Electric
Flooring Carpet,Ceramic Tile,Laminate,Simulated Wood
Exterior
Exterior Feature Storage
Utilities Available Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Present Use Mixed Use
Road Frontage Main Thoroughfare,Right of Way
Total Parking Spaces 111
Building
Lot Description Central Business District,Corner Lot
Foundation Slab
Sewer Public Sewer
Water Public
Construction Status Resale (less than 25 years old)
Others
Special Listing Condition None