Retail/Office Property For Lease GREAT BENTONVILLE …...Property Snapshot ngarkansas.com Available...

C. 479.372.0001 [email protected] SNYDER, MAI, CCIM MORE INFORMATION

AVAILABLE ONLINE:

Property Snapshot

ngarkansas.com

Available SF 1,250 - 2,850 SF

Lease Rate $15.75 SF/YR (NNN) $3.25 SF (CAM)

Retail/Office Property For Lease

2200 SE J STREET, BENTONVILLE, ARGREAT BENTONVILLE LOCATION

• Frontage on SE J Street, corner of J Street & 22nd Street

Jeff Snyder, MAI, CCIM Senior Associate 479.372.0001 [email protected]

805 S Walton Blvd, Suite 690, Bentonville, AR, 72712 | Main: 479.271.6118www.ngarkansas.com

Newmark Grubb Arkansas represents the owner of the property represented herein. Although all information furnished regarding property for sale. rental, orfinancing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to theaccuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice and to any special conditions imposed by our principal. Independently owned and operated

Property Overview

Property Highlights

DetailsAvailable:

Suite 18Suite 12Suite 14Suite 12 & 14

1,250 SF1,425 SF1,425 SF

CAN BE COMBINED

Lease Rate $15.75 SF/YR (NNN)$3.25 SF (CAM)

Building Size 15,128 SF

Cross Streets SE J Street & SE 22ndStreet

Traffic Count 19,000(2016 ADT)

Located just south of Bentonville High School and 1 mile south of Future Walmart HomeOffice.



• Frontage on SE J Street, corner of J Street & 22nd Street

Bentonville, Arkansas

WELCOME TO BENTONVILLE

Located in scenic Northwest Arkansas, our city has become a prime destination for the entire businessworld with a population of more than 44,000. We are proud of the fact that we are home to the world’slargest retailer – Walmart! Now, more than 1,200 Walmart suppliers call Northwest Arkansas home.

Northwest Arkansas is one of the nation’s most dynamic economic regions, home to longtime industrygiants Walmart Stores, Tyson Foods and J.B. Hunt Transport Services. Now, with leisure andentrepreneurial sectors taking flight, Northwest Arkansas is projected to have the nations third fastest-growing economy through 2020, behind only behind Austin, Texas, and Raleigh, N.C.

With a critical business mass and world-class job talent, our region of more than a half a million peoplecontinues to earn top marks for economic opportunity, affordability and growth. In 2016, Forbes rankedNorthwest Arkansas the third best medium-sized city in the nation for white collar job growth, while FastCompany ranked the region at No. 2 in the nation for supporting minority owned businesses. At theforefront of the acclaim, the cities of Bentonville and Bella Vista are attracting business and industrythanks to quality of life, a growing leisure and tourism sector and an educated, ready workforce.

Bentonville’s school system has been widely recognized for excellence and has established itself as aleader within the State of Arkansas. Recently, Bentonville High School was named by the Department ofEducation as a “No Child Left Behind Blue Ribbon School.” This is one of the most coveted educationawards in the country.

Source: greaterbentonville.com

Bentonville attractions

Bentonville boasts a park system consisting of more than 950 acres with 23 parks and more than 50 miles of trails. A 2.5 mile shared-use trail now connects recreational enthusiasts to the 36 mile Northwest Arkansas Razorback Regional Greenway, which links residents to many popular destinations in five major cities. In 2015, the city opened the doors to a 83,000 square foot Community Recreation Center that provides a leisure and competitive pool, fitness center, track, community rooms, multi-purpose athletic fields, amphitheater and more.

Crystal Bridges Museum of American Art opened on November 11, 2011. World renowned architect, Moshe Safdie, designed this spectacularly modern museum. His creation uniquely integrates nature and art with sublime architecture and conservation of the natural environment. Crystal Bridges, with its 217,000 square feet of galleries, meeting and classroom space, library, sculpture garden and gathering place for up to 300 people, will be an esteemed landmark for decades to come.

We are especially fond of our Downtown Square, which is surrounded by locally-owned small businesses and the newly restored Walmart Museum. The Downtown Square plays host to the Bentonville Farmer’s Market, First Fridays, Art Walk and many other events held throughout the year; making it the place for families, friends and visitors to gather. Adding to the liveliness of the downtown area are several new outdoor food venues, 21c Museum Hotel, Friday night flicks, an ice-skating/splash park at Lawrence Plaza and the summer concert series at Orchards Park. Best of all, you can walk or ride your bike the short distance from the Square to Crystal Bridges Museum of American Art. The city’s Downtown Activity Center offers bicycle rentals to all who would like to experience riding along our trails and downtown area.



NATIONAL RECOGNITIONS

National accolades Northwest Arkansas has recently received:


• Bentonville was ranked in the top 10 Best Places to Visit in 2016 by Lonely Planet• Bentonville was ranked in the top 10 Cities for Families in 2015 by Livability.com• Bentonville was the recipient of the 2009-2016 Volunteer Community of the Year Award.• Bella Vista ranked #2 and Bentonville #7 in the state of Arkansas “Safest Cities to Live” by

Safe Choice Security in 2014.• Benton County, Arkansas was ranked #2 in the “Study: Best Counties to Work in 2014”

by CreditDonkey.com.• Bentonville’s 21c Museum Hotel was named to the top 10 Hottest New Hotels in the World by

TripAdvisor.• Forbes magazine placed Northwest Arkansas (No. 28) and Central Arkansas (No.32) near

the top of 200 metropolitan statistical areas as “Best Places for Business and Careers” in 2013.

• Bentonville High ranked third-best in the state and No. 580 in the nation on U.S. News & World Report’s most recent ranking of high schools.

• Bentonville High School athletic program ranked #1 in the nation in the 2013-14 MaxPreps Cup title.

• Hottest Travel Destination for 2012 by Travel & Leisure• One of the 12 Best Places to visit in 2012 LA Times• Bentonville named on the 2013 “In” list for Dining Scene in The Washington Post• 2013 Community Development Tourism Award by Arkansas State Parks and Tourism

Commission• Crystal Bridges received Crystal Award in 2012 by Arkansas State Parks and Tourism

Commission• Arkansas Business referred to the City of Bentonville as the “most prominent small city in the

world.”• Arkansas Business named Bentonville the 2011 City of Distinction in two categories: Main

Street Preservation and Quality of Life.• Bentonville was awarded the coveted State of Arkansas 2011 SHINE Award by Keep

Arkansas Beautiful.


NATIONAL RECOGNITIONS

National accolades Northwest Arkansas has recently received:


• 2010, 2011, 2012, 2013, 2014, 2015 Arkansas Volunteer Community of the Year• 2011 City of Distinction Award for Main Street and Quality of Life Categories by Arkansas

Business• 2012 City of Distinction Award for Tourism by Arkansas Business• 2012 Reader’s Choice Award Winner by Convention South Magazine• 2012 Reader’s Choice Award Winner by Sports Events magazine• Bentonville High School has been named one of the Top 1000 High Schools by Newsweek

Magazine the last two years.• Bella Vista was recently ranked one of America’s Top 10 Best Healthy Places To Retire

by U.S. News & World Report, and one of the Top 25 best places for affordable homes by CNNMoney.com and Money Magazine.

• Money Magazine included Northwest Arkansas in its list of “100 Best Places to Live.”• Forbes Magazine’s annual list of the top 200 best metro areas for doing business placed

Northwest Arkansas in its Top 10 of major metropolitan.• MSN.com ranked Northwest Arkansas as the best low cost area in the nation in which to live

and work, saying that “access to culture and the beauty of the surrounding mountains and lakes has helped land [NWA] the title of one of America’s Most Livable Cities.”

• Inc. Magazine ranked Northwest Arkansas as the 13th (out of 393 areas surveyed) best metropolitan area overall for doing business.

• The Milken Institute also placed Northwest Arkansas in their Top 10 “Best Performing Large Metros” list for the third time.

• The Wall Street Journal described Bentonville as an “A-list city for business travel since the late 1990s” in a “Destinations” article. The article also profiled the Northwest Arkansas Regional Airport, the Crystal Bridges Museum of American Art and the Pinnacle Hills development in Rogers.

• Money Magazine listed Bella Vista as one the Top 25 best places to retire ranking at No. 12.• In 2010 and 2011 CNN/Money ranked NWA 10th on their annual Best Places to Live list

under the category of small cities for families.• CNN/Money ranked Benton County 15th on the 2010 list for counties that have experienced

the most job growth over the last nine years.• NWA was ranked 10th on the 2011 Most Livable Bargain Markets list published by MSN Real

Estate & Bert Sperling of Sperlings Best Place.• CNN/Money ranked the Fayetteville-Springdale-Rogers, AR MSA as the 13th best metro area

for small business start-ups.

Benton County Arkansas

Demographics

Benton County has become a leading retail center for Northwest Arkansas as well as northeastOklahoma and southwest Missouri. The Bentonville Area Communities are business friendly andsupports strategic, planned economic growth. The unemployment rate for Benton County is 3.5 percent,and many of its major employers include Wal-Mart Stores, Inc., county and city governments, schooldistricts, J.B. Hunt, Tyson Foods, retail stores and the healthcare industry.

Economic Profile

The economy of Northwest Arkansas remains strong for many reasons. The region is home to WalmartStores, Inc., J.B. Hunt, and several other major logistics and transportation companies, along with TysonFoods, the University of Arkansas and six major health centers. The key to the vibrancy of any economyis job creation; create new jobs and population will follow. Today the region experiences a consistentpopulation growth.

According to the Arkansas Economic Development Commission, Benton County is the collecting pool fora three-state labor shed. Each day, workers from northeast Oklahoma, southeast Kansas, southwestMissouri and surrounding counties in Arkansas commute to Benton County for employment. As ourregion grows with the hard infrastructure of highways, streets, commercial and retail centers it is alsogrowing the soft infrastructure of the arts, entertainment, museums, recreation facilities and sports.

Northwest Arkansas also offers a respite for retirees who move here for the low property taxes and thescenic splendor of abundant lakes, golf courses and easy lifestyle in Bella Vista and along the shores ofBeaver Lake. All in all, Northwest Arkansas is a diverse, economically sound, safe and affordable Mecca.

The region experienced stratospheric population growth and new job creation from the late 1990sthrough 2006 with monthly population increases of 1,250 people per month and an annualized new jobproduction of 560 per month.

Housing

Housing in Northwest Arkansas is both abundant and affordable. In fact, the median cost of a three-bedroom home is $42,000 lower than the national average. As a result, newcomers often find themselvesstepping up a level or two in the housing department. From historic and traditional neighborhoods tobrand-new communities, from moderately priced to luxurious, odds are you’ll find the home you want forless. In the past decade alone, over 21,000 building permits produced nearly $1.9 billion in residentialconstruction.


Northwest Arkansas

Northwest Arkansas growth over the past several years can be attributed to expansions at the University of Arkansas in Fayetteville and at the region’s largest companies. Bentonville-based Walmart remains at the top of the Fortune 500 list, and Springdale-based Tyson Foods is investing in new downtown offices that's expected to spur downtown growth in Springdale. Meanwhile, Lowell-based J.B. Hunt Transport Services is putting the finishing touches on a new office tower where hundreds of new employees will work.

Additionally, the region’s Walmart supplier community has continued to expand for two decades. There were about 450 Walmart supplier offices in the region in 2000; there are now more than 1,600 suppliers, including several offices with more than 100 employees.

City governments and school districts have certainly played an important role in the continuing growth with their investments in better roads, water quality protection, new schools, emergency services and parks.

That’s been combined with the good work and investments of regional partners such as the Beaver Water District, the Benton-Washington Regional Public Water Authority, the Northwest Arkansas Conservation Authority, the Walton Family Foundation and the Northwest Arkansas Regional Planning Commission. They all helped make the population growth possible by providing services needed by new residents and the amenities wanted by those who are moving to the region.

There’s no indication that the population growth will slow anytime soon, either. The regional planning commission estimates the four-county Fayetteville-Springdale-Rogers Metropolitan Statistical Area will by near 800,000 residents by 2040. It’s near 525,000 residents today.

Source: www.nwacouncil.org May 25, 2017

http://www.nwacouncil.org/

Bentonville demographics

Source: ESRI November 27, 2017

Benton & Washington

county demographics

Source: ESRI November 27, 2017

Newmark Grubb Arkansas805 S Walton Blvd, Suite 690Bentonville, AR 72712

GREAT BENTONVILLE LOCATION

Senior Associate


JEFF SNYDER, MAI, CCIM

2200 SE J Street, Bentonville, AR

Memberships & AffiliationsMr. Snyder is a member of the International Council of ShoppingCenters (ICSC). He also holds the MAI designation from the AppraisalInstitute and the CCIM designation from the CCIM Institute.

Professional BackgroundJeff Snyder joined Newmark Grubb Arkansas in 2016 and currentlyserves as a Senior Associate in the company's Northwest Arkansasoffice. Mr. Snyder brings to his position a 12 year corporate backgroundfocused on acquisition, development and management of non-storecorporate uses.

Mr. Snyder joined Newmark Grubb Arkansas after serving as SeniorDirector, Realty Acquisitions and Development for Wal-Mart Stores, Inc.In this capacity, Mr. Snyder was responsible for the acquisition,development and management of non-store corporate uses, includingdistribution centers, offices and special projects; the acquisition ofleased stores/buildings; disposition of formerly occupied commercial,office and industrial properties; and the management of shoppingcenters, undeveloped land, formerly occupied stores and other incomeassets. Prior to joining Walmart, Mr. Snyder served as a real estatebroker, developer and fee appraiser for many years in the Orlando andDaytona Beach, Florida areas.

PARTIAL LIST OF REPRESENTATIVE TRANSACTIONS:

Development of multiple build to suit fulfillment centers totaling 14million SF with $60 million in local and state incentives

Development of multiple distribution centers totaling 900,000 SF, with$25 million in local and state incentives

Developed, acquired and/or expanded multiple cross-dock facilitiestotaling 500,000 SF and 500 doors

Acquisition of large corporate offices in excess of 1.0 million SFAcquisition, disposition and relocation of multiple regional officesDisposition and leasing of multiple retail stores per year

Development of a 200,000 SF data center

T 479.271.6118

[email protected]

C 479.372.0001

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