Retail Space Near National
1421 S Caraway Suite B Road, Jonesboro, AR 72401
For Sale
Contact for pricing
Commercial / Industrial, Jonesboro, AR
Property Size6,222 SF
Lot Size2.51 Acres
Price / SF$0.00
Days on Market275
Property Features for 1421 S Caraway Suite B Road
General Information
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Subdivision
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Size
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Floors in Building
Listing Agency:
Coldwell Banker Village Communities
(870) 935-7800
Listed By:
Chase Copeland · License AR AB00095147
(870) 819-6395
Added: Feb 9
Changed: Oct 8
Last Checked: Nov 10 at 7:06PM
MLS# 26005139
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Suite B at 1421 S. Caraway Road provides 6,222 square feet of retail space within a 2.51-acre property in Jonesboro, Arkansas. The asset is classified as retail space and is offered for sale.
The property is positioned beside McDonald's and near a broad lineup of national and regional retail and restaurant operators. Surrounding businesses include Burger King, Old Navy, HomeGoods, TJ Maxx, Natural Grocers, Kroger, Sherwin-Williams, Plaza Tire, Texas Roadhouse, Walmart, and Sam's Club. Approximately 25,000 vehicles pass the site each day, placing the suite within an established commercial trade area.
The property is positioned beside McDonald's and near a broad lineup of national and regional retail and restaurant operators. Surrounding businesses include Burger King, Old Navy, HomeGoods, TJ Maxx, Natural Grocers, Kroger, Sherwin-Williams, Plaza Tire, Texas Roadhouse, Walmart, and Sam's Club. Approximately 25,000 vehicles pass the site each day, placing the suite within an established commercial trade area.
Key Highlights
- 6,222 square feet of retail space
- 2.51‑acre property
- Approximately 25,000 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,003
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,060,060
$1.1M
Cap Rate 7%
$757,186
$757.2K
Cap Rate 9%
$588,922
$588.9K
Market Conditions
NOI Build-Up for 6,222 SF
Gross rent
$80.6K $12.96/SF
− Vacancy
−$4.9K −$0.79/SF
EGI
$75.7K $12.17/SF
− OpEx
−$22.7K −$3.65/SF
NOI
$53.0K $8.52/SF
Area
Craighead County, AR
Vacancy
6.10%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,060,060
Cap Rate 7%
$757,186
Cap Rate 9%
$588,922
Alternative Uses
Best Use
Retail
$757.2K
$662.5K – $883.4K
NOI $53,003 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$953.2K – $1.27M
NOI $76,252 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
25,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
579k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 29%
Shops & Services 26%
Groceries 20%
Dining 17%
T.J. Maxx
Apparel
70,933 visits/mo
0.2 miles
Kroger
Groceries
64,256 visits/mo
0.3 miles
Walmart Neighborhood Market
Groceries
43,076 visits/mo
0.4 miles
Barnes & Noble
Shops & Services
30,968 visits/mo
0.4 miles
McDonald's
Dining
30,590 visits/mo
0.1 miles
Demographics for 72401, AR
43,127
Population
19,328
Households
2.2
Avg Household Size
33
Median Age
23%
College-Educated
89%
High-School Grad
88.5 sq mi
ZIP Area
487
Density / Sq Mi
$43,412
Median Household Income
$32,970
Median Earnings
$897
Median Rent
$185,400
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Jonesboro, AR
Properties on Market for Retail space in Jonesboro
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - 6,222-square-foot suite positioned along a heavily traveled commercial corridor beside McDonald's.
Where is this retail space located?
The property is located at 1421 S Caraway Suite B Road Jonesboro, AR.
What are key features of this property?
This property features: 6,222 square feet of retail space; 2.51‑acre property; Approximately 25,000 vehicles per day
