I-49 & Pleasant Grove Rd - Top Emerging Market Mixed-Use Tract

Become a prominent figure in this abounding market, with the opportunity to meet new urbanism trends at this shovel-ready tract ideally poised for mixed-use development.

This 78.27-acre, institutional-grade land is the last large tract available along the Interstate 49 corridor in the Northwest Arkansas Market. The asset features highly flexible zoning for commercial medical, residential office, multifamily, and hospitality use. All utilities are to the site, and it possesses valuable frontage at the crossroads of Interstate 49 and Pleasant Grove Road.

The number of jobs in Northwest Arkansas’s flourishing market grew by 43.3%, making the area hungry for new developments. New residents are also fairly young, with over 300,000 residents within a 10-mile radius having a median age of 34.5. They are reaping the benefits of the dynamic economy, as that same area reports an average household income of $103,936 annually. The young, affluent demographic is ideal for new urbanism mixed-use developments since many “live-work-play” hubs have succeeded throughout the country, even through the pandemic. This area is already a sought-after destination, with the Walmart Arkansas Music Pavilion, two country clubs, and dozens of surrounding neighborhoods within a 10-minute drive.

The local economy has grown 5.4%, adding 16,000 to its employment base over the past year. In turn, the area unemployment rate has been trending near or below 2% as of mid-2023. Much of this is driven by Walmart, the long-standing regional corporate anchor that has drawn several adjacent corporations like Procter & Gamble, Campbell Soup, Hershey, and Tyson Foods. This tract is easily accessible, with the headquarters for J.B. Hunt, Walmart, and Tyson Foods all within 20 minutes of the site.