Elkins (Fayetteville) AR Development Opportunity 9.29 acres

[Stephen Holloway]

Location: 2405 N Center St, Fayetteville, AR 72701 (Washington County)

Currently Zoned Agriculture with Commercial on 1 side and Residential on the other.

Broker:

Williams, Anne
Arkansas
(901) 620-3600
License: PB00066390

Will provide Offering Memorandum upon request currently out to a short list of investors/developers at this point. Could be a great self-storage location, Enclosed Boat & RV, multi-family, or retail.

Investment Highlights
9.2 acres of flat land with few trees which will make it easy to develop
The site has over 600' of road frontage on Center Street with traffic counts of
11,000 per day
Elkins is currently growing at a rate of 7.36% annually and its population has
increased by 62.47% since 2010.
Three Fortune 500 Companies located 15 to 40 miles of the site, including Wal-
Mart, Tyson Foods/Tyson Chicken and JB Hunt Transportation
Northwest Arkansas is rich with lakes, parks, mountains and SEC Football
which are all strong demand drivers for boat and RV storage
Located approximately 3 miles from the areas elementary, middle and high
schools

FAYETTEVILLE, AR-MO
The Fayetteville metro is best known for being the home of the University of
Arkansas and several Fortune 500 companies. The Fayetteville metro encompasses
Benton, Madison, McDonald and Washington counties in northwest Arkansas and
southwest Missouri. The region offers residents many recreational activities at
nearly 4,000 acres of parks, lakes and rivers. The market is expected to add roughly
50,000 individuals over the next five years, notably outpacing the national rate of
growth.

ECONOMY
METRO HIGHLIGHTS
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

CORPORATE GROWTH
Several corporations are based in the metro, the largest being Walmart. The company employs
more than 14,000 workers in the area.

MANUFACTURING
A large manufacturing sector includes Delta Group Electronics, Elkhart Products,
Marshalltown, Pinnacle Foods Group and Pace Industries.

YOUNGER POPULATION
The Fayetteville metro’s median age of 34 years old is lower than the United States median. The
younger population is attributed to the area’s university.

ECONOMY

 Corporate headquarters are a significant part of the metro’s economy. In addition to Walmart, Tyson
Foods and J.B. Hunt Transport Services, Inc. are based in the area.
 Fayetteville is home to Arkansas’ largest state university, the University of Arkansas. More than 29,000
students attend the university each year. The university is also one of the area’s largest employers, with
more than 2,700 full-time faculty and staff.
 Another segment important to the local economy is health care. Major hospitals include Washington
Regional Medical Center and Fayetteville VA Medical Center.