Acquisition opportunity of a 22 unit Class A+ Multi-Family luxury townhome community located in Bentonville, Arkansas. Asset arrives to the market 100% occupied with diminishing loss-to-lease and upward income trajectory, boasting excellent current performance and organic growth trends. With proven leasing demand and positive submarket fundamentals, Parkside Row is primed to garner further organic growth. As the rent roll cycles through the next year, collections should continue to grow with the increased rents, 17% in-place renewals.
Units are 3 BR/2.5 BA, 1,989 and 2,190 SF floor plans, direct ground floor entry, deluxe amenities and modern space offering residents “home style” living with the conveniences of a professionally managed rental community.
Bentonville is home to Walmart, the world’s largest retailer. The booming area of NW Arkansas (Bentonville, Rogers, Fayetteville & Springdale) outpaced the national average for job growth every year since 2010 and continues to be a leader nation-wide in several key demographic metrics. The area was recently ranked 4th in America’s Best Places to Live by US News and World Report. Parkside Row is located 3 miles south of Bentonville Square and 2 miles SE of Walmart’s new global HQ scheduled to open in 2025.