609 Military RdBenton, AR 72015

Property Details for 609 Military Rd

Year built

2016

Lot size

2.16 AC

Property size (Sq ft)

13,321 SF

Property type

Drug stores

APN

800-15400-000

APU

80015400000

Description

This exceptional freestanding retail property, formerly a CVS Pharmacy, presents a unique investment opportunity in Benton, Arkansas. Located at 609 Military Rd, this single-tenant building boasts a substantial 13,321 square feet of vacant space, ready for immediate occupancy. The property sits on a generous 2.16-acre lot, providing ample parking and visibility for any business. Its strategic location in Saline County, with easy access from Military Road, ensures high traffic volume and excellent exposure to potential customers. The building's previous use as a pharmacy suggests suitability for a variety of retail uses, potentially including medical, convenience, or other similar businesses. The property's size and layout offer flexibility for customization to meet the specific needs of a new tenant. The building is currently completely vacant, presenting a blank canvas for a new business to establish a strong presence in the Benton market. This is a rare opportunity to acquire a well-located, sizable retail space in a thriving community. The property's high visibility and ample parking make it an ideal location for a business seeking maximum exposure and customer convenience. The 72015 zip code offers access to a strong local customer base. This property is ready for immediate development and occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $3,112,486

  6.5%

  $2,873,064

  7%

  $2,667,845

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,401,185

  Geo Method

  $2,401,185

• Alternative Use

  Use

  Valuation

  Residential

  $2,423,536

  Hospitality

  $2,219,946

  Educational

  $1,846,970

  Medical

  $1,910,490

  Retail

  $2,873,064

Location Insight

City

Benton

County

Saline

State

Arkansas

Latitude

34.5691

Longitude

-92.5847

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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