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Madison Square Business Center 1116 S Walton Blvd 52,631 SF 100% Leased Office Building Bentonville, AR 72712 $7,500,000 ($142.50/SF)
INVESTMENT HIGHLIGHTS
- Newly remodeled in 2022
- Numerous conferences rooms
- High-tech business center, great future rent potential investment property
- Near the Bentonville Municipal Airport
- Large mixed-use developments nearby
- Located in high growth area of Bentonville within walking distance to downtown Bentonville
EXECUTIVE SUMMARY
Investment Opportunity. Madison Square Business Center is a two-story, 52,631-square foot office building located at 1116 S Walton Blvd In Bentonville, Arkansas on 3.86 acres. The Class “A” office building is currently utilized as a business center supporting several service retail, wellness tenants and suppliers and vendors who support Walmart Inc. and Sam’s Club. Madison Square comes with numerous amenities including blanket wifi, business center / station, kitchen and break room, conference rooms with rental and reservations, and abundant parking.
The property is centered between the high-growth areas of west Bentonville and the cultural heart of the market in downtown Bentonville. Future development projects include community parks, multifamily and mixed-use developments and retail. The area is surrounded by the convenience of retail, accessibility and walkability to and from the future Walmart Home Office campus and downtown Bentonville. Madison Square is in a high barrier of entry in the city of Bentonville and continues to grow into a “live, work, play” environment.
*Financials available by request. Must sign a Confidentiality Agreement.
The property is centered between the high-growth areas of west Bentonville and the cultural heart of the market in downtown Bentonville. Future development projects include community parks, multifamily and mixed-use developments and retail. The area is surrounded by the convenience of retail, accessibility and walkability to and from the future Walmart Home Office campus and downtown Bentonville. Madison Square is in a high barrier of entry in the city of Bentonville and continues to grow into a “live, work, play” environment.
*Financials available by request. Must sign a Confidentiality Agreement.
SALE FLYER
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
52,631 SF
Building Class
B
Year Built
2003
Price
$7,500,000
Price Per SF
$142.50
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
26,315 SF
Slab To Slab
12’
Building FAR
0.31
Lot Size
3.86 AC
Zoning
C-2 - Shopping Center District
Parking
170 Spaces (3.44 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Concierge
- Conferencing Facility
- Property Manager on Site
- Security System
- Wheelchair Accessible
- Reception
- Storage Space
- Outdoor Seating
- Air Conditioning
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Floor
- 500 SF
- Office
- -
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 500 SF | Office | - | 30 Days |
1st Floor
| Size |
| 500 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 30 Days |
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DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
4,526
53,910
103,090
2024 Population
5,405
59,811
115,662
Population Growth '20-'24
19.4%
11.0%
12.2%
2020 Households
1,872
20,694
38,474
2024 Households
2,265
23,018
43,186
Household Growth '20-'24
21.0%
11.2%
12.3%
Average Age
36
35
35
Median Household Income
$62,040
$88,849
$87,212
Daytime Employees
33,764
62,177
83,726
Total Businesses
952
3,613
6,384
College Degree + Higher
35%
45%
40%
NEARBY AMENITIES
HOTELS |
|
|---|---|
| AC Hotels by Marriott |
153 rooms
5 min drive
|
| HomeTowne Studios by Red Roof |
118 rooms
5 min drive
|
| Extended Stay America Select Suites |
121 rooms
6 min drive
|
| DoubleTree by Hilton |
140 rooms
5 min drive
|
PROPERTY TAXES
| Parcel Number | 01-09407-000 | Improvements Assessment | $755,151 |
| Land Assessment | $709,017 | Total Assessment | $1,464,168 |
PROPERTY TAXES
Parcel Number
01-09407-000
Land Assessment
$709,017
Improvements Assessment
$755,151
Total Assessment
$1,464,168
SALE ADVISORS
SALE ADVISORS
Katie Hampton, Property Manager
(479) 466-7499
Contact
Katie is a graduate of the University of Arkansas where she received a B.S.B.A. in Finance/Real Estate. She has been in the real estate business for 8 years and holds an Arkansas State Registered Appraiser License and an Arkansas Real Estate Sales Person License. Katie is actively a volunteer with the Central United Methodist Kid's Life Program and the Central Methodist Lunch Buddy Program. Katie has been involved in the real estate industry for over 10 years.
Steven Lane, Managing Director
(479) 636-9000
Contact
Steve Lane’s professional career spans three decades and covers a wide variety of commercial real estate disciplines including corporate real estate, land development, sales and leasing, structuring investments, and asset management.
Lane began his career in Arkansas in 1992 with Walmart Stores’ Real Estate Department, where he became a top producer. After leaving Walmart to pursue shopping center development, Lane served as a Vice President for a national Real Estate Investment Trust (REIT) before forming a brokerage business in Northwest Arkansas.
Lane merged his brokerage firm with Colliers International in 2004 and currently serves as Managing Director of the Northwest Arkansas office, where his responsibilities include the overall financial performance of the office as well as his personal brokerage. He has received the Everest Club designation from Colliers multiple times, which recognizes the top 10% of all Colliers commercial real estate brokers throughout the United States. His personal brokerage focus has been in retail, specifically shopping centers, and he has represented Ross Dress for Less stores in multiples states for over 15 years. Lane currently has a strong focus on sponsoring investment groups to pursue Northwest Arkansas opportunities.
Lane has been active in the nonprofit world and has served on the charitable boards of the Bentonville Public School Foundation, has been a fundraiser for Court Appointed Special Advocates (CASA), and has served on the board of Excellerate Foundation for the past seven years as well as two years as Chairman. Lane has also served as a member of the Federal Reserve Bank’s Eighth District Industry Council as a real estate advisor.
Lane holds a Bachelor of Science in Civil Engineering degree from the University of Missouri. He lives in Rogers with Kim, his wife of 26 years, and their two children Sophie and Mason, where they are active members of Central United Methodist Church.
Lane began his career in Arkansas in 1992 with Walmart Stores’ Real Estate Department, where he became a top producer. After leaving Walmart to pursue shopping center development, Lane served as a Vice President for a national Real Estate Investment Trust (REIT) before forming a brokerage business in Northwest Arkansas.
Lane merged his brokerage firm with Colliers International in 2004 and currently serves as Managing Director of the Northwest Arkansas office, where his responsibilities include the overall financial performance of the office as well as his personal brokerage. He has received the Everest Club designation from Colliers multiple times, which recognizes the top 10% of all Colliers commercial real estate brokers throughout the United States. His personal brokerage focus has been in retail, specifically shopping centers, and he has represented Ross Dress for Less stores in multiples states for over 15 years. Lane currently has a strong focus on sponsoring investment groups to pursue Northwest Arkansas opportunities.
Lane has been active in the nonprofit world and has served on the charitable boards of the Bentonville Public School Foundation, has been a fundraiser for Court Appointed Special Advocates (CASA), and has served on the board of Excellerate Foundation for the past seven years as well as two years as Chairman. Lane has also served as a member of the Federal Reserve Bank’s Eighth District Industry Council as a real estate advisor.
Lane holds a Bachelor of Science in Civil Engineering degree from the University of Missouri. He lives in Rogers with Kim, his wife of 26 years, and their two children Sophie and Mason, where they are active members of Central United Methodist Church.
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Madison Square Business Center | 1116 S Walton Blvd
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