Oak Trace - Medical and Executive Office Park of Northwest Arkansas

901 SE 28th St, Bentonville, AR 72712

  • For Sale $13,500,000
  • Property Type Office - General Office
  • Property Size 100,183 SF
  • Units 83
  • Lot Size 11 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2006
  • Year Renovated 2023
  • Date Updated Mar 15, 2024
Located Near The Intersection of J St and 28th St in the Heart of Bentonville AR. Less than 2 miles south of Walmart's New Global Campus being built on 350 acres at the intersection of J St and 14th St. This property is 2.5 miles south of downtown Bentonville, Arkansas where the avg price per sq ft for housing is nearing $500 to $600 psf.Executive Medical and General Office Park that is 95.4% Leased, Priced WELL-BELOW Replacement cost at $134.75 PSF! A True 6.8% Cap Rate offering. This deal is located in the heart of Booming Bentonville, Arkansas. Bentonville is one of the fastest-growing market centers in the country! Additionally, this investment offers a solid mix of great tenants: Roughly 33% Medical, 44% General Business, 17% Walmart Vendor/Supplier-Related Industry, and 6% Child Services such as daycare or after school services such as tutoring. Major immediate upside lies in the fact that the rents across the occupied space is only leased at $15.84 PSF FULL SERVICE. The average rents in Bentonville for office space is $21 PSF, and most of that is not full service space. At Oak Trace Tenants are convenienced witht the fact that all they have to do is move in their belongings and turn on their own internet/phone. Landlord pays for electric, gas, water, light janitorial, CAM, Taxes, and insurance. Nestled between two of the busiest streets in town, S. Walton Blvd. & SE J St.; This offering includes 100,183 sq ft of medical / general office space comprising of 17 buildings with 83 units. 11 of the 17 buildings already have brand new roofs and the other 6 will be brand new by closing for the new buyer to enjoy the luxury of having brand new roofs. The property is on a sprawling 11 acre parcel, estimated to be worth $5,000,000 in itself. The asset boasts Major Road Frontage on SE 28th St. which sees over 12,000 VPD! Conveniently close to everything, this property is less than 2.5 miles from downtown Bentonville, Crystal Bridges Museum, & less than 2 miles from the site of Walmart’s new 350-acre Home Campus with easy access to I-49.Excellent and affordable full-service office space located in the heart of Bentonville approximately one mile from the new Walmart Corporate Headquarters and conveniently close to NW Medical, the Sam's Club Home Office and more! Price includes light janitorial and all utilities with the exception of phone, cable, and internet. Buildout negotiable depending on lease terms. This space will not last long so schedule an appointment today to tour this property and see why this space is perfect for your business!

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Attachments

Highlights

  • 95.4% Leased Office/Medical Office in Heart of Bentonville
  • Immediate Upside in Raising Rents - Only $15.84 FULL SERVICE, being collected over the occupied spaces
  • Avg Bentonville Office Rents for the last year are about $21, most not full service
  • Rents should stabilize here at $19 or so in the next 12-24 months - Proforma 8.6% Cap Rate
  • 17 Total Buildings - 11 Have New Roofs - All will be new at Closing
  • Office Complex Sits on 11 Acres - Estimated to be worth $5M
  • Diverse set of Office Tenants: Medical, Vendors, Suppliers, and Contractors Alike
  • Upside in raising the rents, and continued strong leasing efforts
  • Priced Below Replacement Cost at $134.75 PSF

Contacts

broker

Timothy Salmonsen

Salmonsen Group Realtors, Bentonville, AR

(479) 231-1355

Location

Getting Around

  • Walk Score ®

    28/100 Car-Dependent
  • Bike Score ®

    37/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Bentonville, AR
  • Neighborhood Cottonwood Village
  • Zip Code 72712

Points of Interest

  • Kum & Go

    0.97 miles

  • Shell

    1.16 miles

  • Conoco

    1.23 miles

  • Phillips 66

    1.50 miles

  • eVgo

    1.79 miles

  • Sam's Club

    1.95 miles

  • Murphy USA

    1.97 miles

  • Casey's General Store

    2.72 miles

  • Kum & Go

    2.88 miles

  • Walmart

    3.00 miles

  • Walton Life Fitness Center & Tennis Facility Parking

    1.18 miles

  • Walmart Home Office Parking

    1.51 miles

  • Wal-Mart Call Center Parking

    1.52 miles

  • Wal-Mart Pharmacy Repack Parking

    1.54 miles

  • Wal-Mart Home Office South Parking

    1.66 miles

  • Sam's Home Office Parking

    1.68 miles

  • David Glass Technology Center Parking Southwest Lot

    1.69 miles

  • David Glass Technology Center Parking West Lot

    1.73 miles

  • Sam's Club Parking

    1.77 miles

  • David Glass Technology Center Parking

    1.81 miles

  • La Quinta Inn & Suites by Wyndham Bentonville

    0.52 miles

  • Comfort Suites Bentonville - Rogers

    0.84 miles

  • Holiday Inn Express

    0.91 miles

  • Super 8

    0.96 miles

  • Hilton Garden Inn

    0.99 miles

  • Element Bentonville

    1.00 miles

  • SpringHill Suites

    1.04 miles

  • Days Inn

    1.06 miles

  • Comfort Inn

    1.12 miles

  • Fairfield Inn

    1.20 miles

  • Glasgow's

    0.55 miles

  • Zaxby's

    0.56 miles

  • Firehouse Subs

    0.59 miles

  • Taziki's

    0.60 miles

  • Smashburger

    0.61 miles

  • Taco Bueno

    0.73 miles

  • Lin's Garden

    0.89 miles

  • Denny's

    0.93 miles

  • Burger King

    0.96 miles

  • Braum's

    1.00 miles

  • Haas Hall Academy

    0.22 miles

  • Bentonville High School

    0.61 miles

  • Mary Mae Jones Elementary School

    0.88 miles

  • University of Phoenix Northwest Arkansas

    1.23 miles

  • Thaden School

    1.41 miles

  • Reagan Elementary School

    1.56 miles

  • Harding University

    1.62 miles

  • University of Phoenix Learning Center

    1.83 miles

  • EMPACTS Lab

    1.87 miles

  • Melba Shewmaker Southern Region National Child Protection Training Center

    1.88 miles

  • The Kid's Studio

    2.29 miles

  • Primrose School

    2.91 miles

  • Boys and Girls Club

    4.36 miles

  • Kidz In Motion Learning Center

    5.25 miles

Frequently Asked Questions

What is the lease rate for Oak Trace - Medical and Executive Office Park of Northwest Arkansas?

Rental asking rate at Oak Trace - Medical and Executive Office Park of Northwest Arkansas is $6,750,000.00/YR.

What is the total square footage of Oak Trace - Medical and Executive Office Park of Northwest Arkansas?

Oak Trace - Medical and Executive Office Park of Northwest Arkansas totals 100,183 square feet.

When was this property built?

Oak Trace - Medical and Executive Office Park of Northwest Arkansas was built in 2006.

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Contact Listing Broker

broker

Timothy Salmonsen

Salmonsen Group Realtors, Bentonville, AR

(479) 231-1355