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3101 E Highland Dr Jonesboro, AR 72401

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For Sale
$2,391,600

Single-tenant retail property with corporate guarantee and extended lease.

Property size:
9,030 SF
Lot size:
0.98 Acres

Property Features for 3101 E Highland Dr

General Information

Size
9,030 SF
Lot size
0.98 Acres

Source: Colliers Agent Jereme Snyder

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Kirkland's Retail Property For Sale

This single-tenant retail property is leased to Kirkland's Home, a company operating over 340 locations across 35 states with over 4,000 employees and $560 million in sales in 2021. The tenant has recently extended the lease for an additional 10 years, featuring 2% annual rental increases and two 5-year option periods. Landlord responsibilities are limited to structure only. The lease is corporate-guaranteed. The property is located in Jonesboro, AR and has a size of 9,030 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Kirkland's Home Furniture Store

Suggested Use

Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Gym & Fitness Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Kroger Floral, Barb's Flowers & Creations, Tenna's Floral Creations and Gifts, Sam's Club Floral, Gracie's Garden Flowers, Plants, & Gifts

Location Insight

  • Map
  • Local Demand
City
Jonesboro
County
Craighead
State
Arkansas
Longitude
-90.666977
Latitude
35.820662

FAQs

What type of property is this?
Storefront property - Single-tenant retail property with corporate guarantee and extended lease.
Where is this storefront property located?
The property is located at 3101 E Highland Dr Jonesboro, AR.
What is the asking price?
The asking price for this property is $2,391,600.
What are key features of this property?
This property features: - Corporate-guaranteed lease from Kirkland's Home, a national retailer.; - Recently extended lease for an additional 10 years, providing long-term stability.; - 2% annual rental increases, offering inflation-resistant cash flows.
More about this property
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