201 E Johnson Ave Jonesboro, AR
Call to check price and availability
Profitable O'Reilly Auto Parts with long-term commitment and strategic positioning.
Type:RETAIL
Property size:
6,575 SFLot size:
0.99 AcresPrice / SF:
$155/SF- Added:
- Dec 5, 2024
- Days on Market:
- 519
- Last Refresh:
- Apr 5 at 11:12 pm
Property Features for 201 E Johnson Ave
General Information
- Standard status
- Active
- Size
- 6,575 SF
- Lot size
- 0.99 Acres
- Property subtype
- RETAIL
Listing agent Conrad Sarreal (214) 692-2847
Listing office Matthews Real Estate Investment Services - Orange County (214) 692-2847
Listing date Dec 5, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services - Orange County
HighLights
- Long‑term lease extension through 2034 demonstrates O'Reilly Auto Parts' strong commitment.
- Significantly below‑average rent ($63,780 vs. $110,000 average) enhances long‑term profitability.
- O'Reilly Auto Parts' revenue has grown by an average of nearly 10% per year since 2019.
- Passive investment with minimal landlord responsibilities; O'Reilly Auto Parts handles insurance and taxes.
- High traffic location with 19,400 VPD on E Johnson Ave, plus additional visibility from E Main St.
- Recent roof reinforcement (2019) with a 10‑year warranty reduces near‑term maintenance.
Overview
O'Reilly Auto Parts Investment
This property is occupied by O'Reilly Auto Parts, which initially signed a 10-year lease starting in 2001 and has since demonstrated a strong commitment to the location through a series of extensions or 5-year renewals, most recently extending through 2034. The tenant is responsible for insurance and taxes, and rent can be received systematically through direct deposit. The property benefits from a strategic position with 19,400 vehicles per day on E Johnson Ave, with additional access and visibility from E Main St, which leads to both Downtown Jonesboro and Arkansas State University, and benefits from an additional 15,000 VPD. A new coating was added to the roof in 2019 with a 10-year warranty. The property size is 6575 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
O'Reilly Auto Parts
Auto Parts Store
Similar Places Nearby
- Ham's Towing Service — 1416 E Matthews Ave #200, Jonesboro, AR 72401, United States
- Mid-Town Automotive — 702 Burke Ave, Jonesboro, AR 72401
- Bud Dent Texaco — 300 w washington ave, jonesboro, ar 72401
- Texaco — 300 W Washington Ave, Jonesboro, AR 72401
- Huntington Avenue Auto Services — 608 W Huntington Ave, Jonesboro, AR 72401
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.7034
- Latitude
- 35.8449
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Profitable O'Reilly Auto Parts with long-term commitment and strategic positioning.
Where is this auto shop located?
The property is located at 201 E Johnson Ave Jonesboro, AR.
What is the asking price?
The asking price for this property is $1,020,480.
What are key features of this property?
This property features: Long‑term lease extension through 2034 demonstrates O'Reilly Auto Parts' strong commitment.; Significantly below‑average rent ($63,780 vs. $110,000 average) enhances long‑term profitability.; O'Reilly Auto Parts' revenue has grown by an average of nearly 10% per year since 2019.
