Retail Center with Dual End-Cap
405 Southwest Drive Jonesboro, AR 72401
405 Southwest Drive, Jonesboro, AR, 72401
$967,000
For Sale
$967,000
SINGLE_FAMILY - Jonesboro, AR
Property Size5,270 SF
Price / SF$183.49
Days on Market10
Property Features for 405 Southwest Drive
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 01-144302-30600
- Size
- 5,270 SF
Taxes and HOA fees
- Tax Description
- SOUTHWESTSQUARE PTSKYVUEADD PTNW LESSARK STATE HWYDEPT
Building Details
- Year built
- 2005
Listing agency
Lindsey & Associates Inc
(479) 521-6611
Listed by
Jeff Pederson · License #SA00067378
(479) 856-2233
Added: Jul 13 Checked: Jul 22 at 10:06PM
MLS# 1354979
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 405 Southwest Drive in Jonesboro, Arkansas, this fully occupied three-tenant retail center includes drive-through windows on both end caps. The center is supported by a multi-tenant tall pole sign and has a long history of occupancy on-site, with an anchor mix of national and regional tenants.
The property fronts Southwest Dr with traffic counts of approximately 22,000 vehicles per day, providing visibility for passing motorists. A regional restaurant tenant recently executed a long-term absolute triple net lease renewal, reinforcing the center’s stability under its existing lease structure. In-place rents are described as affordable, and the center is presented as an NNN-oriented investment backed by proven tenant retention.
The offering combines a straightforward neighborhood retail configuration with durable, long-term tenancy and prominent highway frontage.
The property fronts Southwest Dr with traffic counts of approximately 22,000 vehicles per day, providing visibility for passing motorists. A regional restaurant tenant recently executed a long-term absolute triple net lease renewal, reinforcing the center’s stability under its existing lease structure. In-place rents are described as affordable, and the center is presented as an NNN-oriented investment backed by proven tenant retention.
The offering combines a straightforward neighborhood retail configuration with durable, long-term tenancy and prominent highway frontage.
Key Highlights
- Fully occupied three‑tenant retail center at 405 Southwest Dr
- Year built 2005
- Regional restaurant tenant recently renewed a long‑term absolute triple net lease
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.3k | $12.96 |
| − Vacancy | −$4.2k | −$0.79 |
| EGI | $64.1k | $12.17 |
| − OpEx | −$19.2k | −$3.65 |
| NOI | $44.9k | $8.52 |
5,270 SF · lease $12.96/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$641.3K
$561.2K – $748.2K
NOI $44,893 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$922.6K
$807.3K – $1.08M
NOI $64,585 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
AngelwhiteGoldendoodles
Pet Store
B A Burrito
Restaurant
Liberty Tax
Tax Preparation
Tobacco SuperStore #32
(Bike/Boat/Book/etc) Store
I T Associates ...
Tech Support Center
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Fully occupied three-tenant retail center with drive-through windows on both end caps and a tall pole sign.
Where is this shopping center located?
The property is located at 405 Southwest Drive Jonesboro, AR.
What is the asking price?
The asking price for this property is $967,000.
What are key features of this property?
This property features: Fully occupied three‑tenant retail center at 405 Southwest Dr; Year built 2005; Regional restaurant tenant recently renewed a long‑term absolute triple net lease
