Current Use by Public Records
- Self storage facilities
Property Details for 12002 Ar-72
- Year built
- 2023
- Lot size
- 3.23 lot acres
- Property type
- Self storage facilities
Description
This exceptional self-storage facility presents a compelling investment opportunity in the thriving Bentonville, Arkansas market. Boasting 37,625 net rentable square feet, this brand-new facility, completed in late 2023, comprises 247 units, currently operating at 54% unit occupancy and 40% economic occupancy. The property sits on a 3.23-acre lot at 12002 AR-72, Bentonville, AR 72712. The asking price is $3,500,000, translating to approximately $14,170 per unit. Benefiting from strong lease-up trajectory and significant population growth in Benton County (over 36% in the last decade), this asset is poised for continued success. Bentonville's robust economy, fueled by the presence of Walmart's headquarters and a median household income exceeding $140,000 within a 3-mile radius, further enhances its appeal. Projected population growth exceeding 8% in the next two years underscores the long-term potential of this investment. This is a rare opportunity to acquire a modern, high-performing self-storage facility in one of the fastest-growing areas of Arkansas. The property's prime location and strong market fundamentals make it an attractive addition to any portfolio.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bentonville
- County
- Benton
- State
- Arkansas
- Longitude
- -94.2955
- Latitude
- 36.4059
