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Redevelopment Opportunity 200 SW Regional Airport Blvd 3,174 SF Retail Building Bentonville, AR 72712 $2,750,000 ($866.41/SF)
INVESTMENT HIGHLIGHTS
- 200 SW Regional Airport Boulevard is an approximately 1.29-acre redevelopment site with flexible C-2 General Commercial zoning.
- New roadway project set to make this the northwest corner of the Walton/Regional Airport intersection, granting exposure to two major thoroughfares.
- Tap into a booming area as the population within a 3-mile radius is projected to grow by 18.5% from 2020 to 2024 after increasing by 14.4% from 2020.
- Proximate to major hotspots, 3 min to Bentonville Airport, 6 min to Downtown Bentonville, 10 min to Walmart’s new HQ, and 12 min to Downtown Rogers.
- Two new apartment complexes, City of Bentonville Municipal Building, Northwest Medical Center, over a dozen restaurants, and more within a mile.
- Streamlined process as the existing building is occupied by the seller and provides all utilities to the site for future projects.
EXECUTIVE SUMMARY
200 SW Regional Airport Boulevard offers a valuable redevelopment opportunity in the midst of Bentonville’s meteoric rise to national prominence with an address connected to major market drivers.
Spanning over 1 acre at an established high-traffic corner, the site is primed to garner tremendous exposure from this flourishing area. The site currently has a 3,174-square-foot freestanding retail building that is occupied by the owner, who is now utilizing this as a car lot, providing a seamless transfer process. Given the generous C-2 General Commercial zoning, 200 SW Regional Airport Boulevard is best positioned for a full redevelopment with allowances for uses like general retail, gas stations, restaurants, offices, multifamily communities, medical services, bars, and much more.
Improvements to the intersection are underway and will make this a corner destination at the intersection of Walton and Regional Airport Boulevards. This update to the roadway will drastically increase the value of this site as Walton Boulevard is a primary thoroughfare leading to the center of Bentonville. The site already sees 32,000 vehicles per day along Regional Airport Boulevard and the new intersection will virtually double that figure.
Bentonville is now cemented as a regional powerhouse with the new Walmart Home Office HQ delivering only 10 minutes north of the site. South Bentonville has seen immense development as a result of this market-making hub. New projects like the 49 West and Tara Ridge apartment complexes have already popped up around 200 SW Regional Airport Boulevard, underpinning the exciting growth here. New residents coming into Bentonville are typically highly affluent, invigorating the established economy and raising demand throughout the metro. In fact, the average annual household income within a 3-mile radius is over $115,000. Take advantage of these swelling market factors by creating a novel destination to serve the abounding population base at 200 SW Regional Airport Boulevard today.
Spanning over 1 acre at an established high-traffic corner, the site is primed to garner tremendous exposure from this flourishing area. The site currently has a 3,174-square-foot freestanding retail building that is occupied by the owner, who is now utilizing this as a car lot, providing a seamless transfer process. Given the generous C-2 General Commercial zoning, 200 SW Regional Airport Boulevard is best positioned for a full redevelopment with allowances for uses like general retail, gas stations, restaurants, offices, multifamily communities, medical services, bars, and much more.
Improvements to the intersection are underway and will make this a corner destination at the intersection of Walton and Regional Airport Boulevards. This update to the roadway will drastically increase the value of this site as Walton Boulevard is a primary thoroughfare leading to the center of Bentonville. The site already sees 32,000 vehicles per day along Regional Airport Boulevard and the new intersection will virtually double that figure.
Bentonville is now cemented as a regional powerhouse with the new Walmart Home Office HQ delivering only 10 minutes north of the site. South Bentonville has seen immense development as a result of this market-making hub. New projects like the 49 West and Tara Ridge apartment complexes have already popped up around 200 SW Regional Airport Boulevard, underpinning the exciting growth here. New residents coming into Bentonville are typically highly affluent, invigorating the established economy and raising demand throughout the metro. In fact, the average annual household income within a 3-mile radius is over $115,000. Take advantage of these swelling market factors by creating a novel destination to serve the abounding population base at 200 SW Regional Airport Boulevard today.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,174 SF
Building Class
B
Year Built
1996
Price
$2,750,000
Price Per SF
$866.41
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.29 AC
Zoning
C-2 - Commercial
Parking
32 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
250’ on Arkansas 12
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
5,658
54,288
129,676
202,051
2029 Population
6,729
64,254
152,893
235,481
2024-2029 Projected Population Growth
18.9%
18.4%
17.9%
16.5%
Median Age
33.9
34.5
34.9
35.4
College Degree + Higher
49%
45%
41%
25%
Daytime Employees
4,382
68,404
89,481
100,369
Total Businesses
592
4,460
6,819
9,250
Average Household Income
$108,117
$115,634
$118,158
$115,816
Median Household Income
$80,578
$88,385
$88,877
$87,305
Total Consumer Spending
$72.6M
$717.1M
$1.7B
$2.6B
2024 Households
2,313
21,225
48,346
73,303
Average Home Value
$371,159
$339,282
$342,468
$331,684
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Joe's Italian Grill | Pizza | - | 5 min walk |
| Big Whiskey's | American | $$$ | 6 min walk |
| Chicken Salad Chick | Fast Food | $$$ | 9 min walk |
| Jimmy John's | Fast Food | $ | 9 min walk |
| Stone Mill Cafe | Cafe | $ | 10 min walk |
| Starbucks | Cafe | $ | 13 min walk |
| McAlister's Deli | Bakery | - | 13 min walk |
RETAIL |
||
|---|---|---|
| Burn Boot Camp | Fitness | 4 min walk |
| GolfTEC | Other Retail | 9 min walk |
| Tractor Supply Company | Home Improvement | 12 min walk |
| Supercuts | Salon/Barber/Spa | 15 min walk |
HOTELS |
|
|---|---|
| DoubleTree by Hilton |
140 rooms
2 min drive
|
| Best Western Plus |
83 rooms
2 min drive
|
| Four Points by Sheraton |
105 rooms
2 min drive
|
| Holiday Inn Express |
84 rooms
3 min drive
|
| element |
107 rooms
4 min drive
|
PROPERTY TAXES
| Parcel Number | 01-05014-000 | Improvements Assessment | $106,283 |
| Land Assessment | $217,205 | Total Assessment | $323,488 |
PROPERTY TAXES
Parcel Number
01-05014-000
Land Assessment
$217,205
Improvements Assessment
$106,283
Total Assessment
$323,488
SALE ADVISORS
SALE ADVISORS
Natasha Yarbrough, Senior VP, Executive Broker, Realtor®
(479) 715-7045
Contact
Natasha is a native and lifelong resident of Northwest Arkansas. Having been born and raised in Rogers, she has been a part of the progress and growth of the NWA metro area. She is not only an area expert but is also a Real Estate expert who has worked diligently for her clients over the last 10 years. Natasha works with sellers, buyers, investors and renters and treasures the personal and professional connections she has made. Natasha is an Executive Broker, a seasoned Relocation agent, and a Certified Luxury Home Marketing Specialist. In addition to being a licensed Realtor®, Natasha has a nursing degree and a current RN license and still enjoys using those skills. When she’s not working, she loves to spend time outdoors camping, hiking, fishing, gardening and playing golf. She currently resides in Bentonville, where her 3 children have been in school since 2010.
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Redevelopment Opportunity | 200 SW Regional Airport Blvd
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