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    1701 Centerton Blvd Centerton, AR 72719
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    1701 Centerton Blvd, Centerton, AR 72719

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    • Retail properties & Spaces
    • 2,325 SF
    • 1.16 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1701 Centerton Blvd

    Year built
    2024
    Lot size
    1.16 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a 2,325 square foot Chipotle restaurant located at 1701 E Centerton Blvd, Bentonville, AR 72719. The property sits on a 1.16-acre lot and boasts a new 20-year absolute NNN lease with a corporate guarantee from an investment-grade tenant. The lease includes rent bumps, ensuring consistent income growth. With a current NOI of $185,000 and an asking price of $3,979,000, this property offers a compelling 4.65% cap rate. Built in 2024, this single-tenant property benefits from its high-visibility location on East Centerton Boulevard, a major thoroughfare with 36,000 vehicles daily. Its proximity to Walmart's corporate headquarters and technology center, along with a strong local demographic profile (average household income over $139,000 within a three-mile radius and nearly 90,000 residents within five miles), ensures consistent customer traffic and long-term value. This is an ideal passive investment opportunity with minimal landlord responsibilities. The property is also well-situated near several high schools, further enhancing its appeal. This is a 1031 exchange eligible property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Centerton
    County
    Benton
    State
    Arkansas
    Longitude
    -94.2567
    Latitude
    36.3575

    Comparable in this City

    • Value Estimation by Request
      19,917 SF

      605 Centerton Blvd

      Neighborhood centers
      605 Centerton Blvd, Centerton, AR 72719
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    • Value Estimation
      $1,265,000
      7,360 SF

      830 Centerton Blvd

      RETAIL STORES (PERSONAL SERVICES)
      830 Centerton Blvd, Centerton, AR 72719-9705
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    • Value Estimation
      $595,000
      3,660 SF

      991 Centerton Blvd

      RETAIL STORES (PERSONAL SERVICES)
      991 Centerton Blvd, Centerton, AR 72719-8723
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    • Value Estimation by Request
      392 SF

      101 Shane Dr

      RETAIL STORES (PERSONAL SERVICES)
      101 Shane Dr, Centerton, AR 72719-9707
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    • Value Estimation by Request
      5,100 SF

      2070 Centerton Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2070 Centerton Blvd, Centerton, AR 72719-7700
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    • Value Estimation
      $1,330,000
      11,968 SF

      790 Centerton Blvd

      RETAIL STORES (PERSONAL SERVICES)
      790 Centerton Blvd, Centerton, AR 72719-9238
      View Details

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    • $1,000,000
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      Prime Land in Centerton, AR

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      Centerton Land with High Visibility

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    Similar Nearby for Lease

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      Prime Retail Opportunity in Centerton

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    • $34 SF/Yr
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      Centerton Retail/Office Space Available

      Retail or office space available in Centerton, Arkansas.
      1301 E Centerton Blvd, Centerton, AR 72719
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    • $18 SF/Yr
      1,000 SF

      Centerton Retail Space For Rent

      Retail space available for lease in Centerton, Arkansas.
      504 E Centerton Blvd, Centerton, AR 72719
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    • $1.00 SF/Yr
      7,500 SF

      Centerton Commercial Land For Lease

      Commercial land available for ground lease or build-to-suit.
      W Centerton Blvd, Centerton, AR 72719
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    • $3,950 /Mo
      33,105 SF

      Centerton Commercial Land For Lease

      Prime commercial land for lease in Centerton, Arkansas.
      1101 W Centerton Blvd, Centerton, AR 72719
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    Centerton, AR 72719
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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