Oak Trace Executive Office Park presents a powerful portfolio acquisition opportunity to pose a significant presence in the booming Bentonville market.
The 17-building park comprises 100,183 square feet across 58 units, providing a broad array of potential uses and layouts for new tenants. The landlord is offering highly flexible terms on Full-Service leases, meaning the landlord pays for most expenses, including property taxes, property insurance, and utilities. It features a healthy mix of tenants, roughly 33% medical, 44% general business, 17% Walmart vendors / suppliers, and 6% child services like day cares and tutoring centers. The buildings are in great condition, with 11 roofs replaced, and the remaining roofs to be replaced soon. All units are on one floor, providing easy access to parking with no stairs or elevators.
Oak Trace Executive Office Park boasts one of the most central locations in Bentonville. Downtown and Interstate 49 are roughly the same drive time away, with plenty of commercial hubs and residential communities in between. On top of the savings via a Full-Service lease, Oak Trace Executive Office Park has remarkably affordable rents ranging from $18 to $20 per square foot annually. Contrast that to the average rate in Bentonville at $24, and it is clear to see this presents a cost-effective opportunity without sacrificing quality or location. Oak Trace is rather prominent as it sits on 11 sprawling acres with major frontage on SE 28th Street that sees over 13,000 vehicles per day, and it has two additional access points from J Street and F Street.
Bentonville is widely known as the world headquarters of Walmart, which will further entrench its value to the market with its 350-acre New Home Office campus opening in 2025. The Walmart campus, Downtown Bentonville, the prestigious Crystal Bridges Museum of American Art, Northwest Medical Center – Bentonville, and more can be reached in 10 minutes or less. Oak Trace Executive Park boasts exceptional highway connectivity, with Interstate 49 only 1.5 miles away, allowing commuters or transporters to reach Downtown Fayetteville in under 30 minutes. These factors have made Bentonville a go-to destination for many new residents, and projections call for the city’s population to rise by 6.7% from 2023 to 2028. These residents are highly educated and affluent, with an average household income of $133,620, and an estimated 50.2% of adults have a bachelor's degree or higher.