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Retail Ground Lease Site
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2230 South Caraway Road, Jonesboro, AR 72401

Ground lease opportunity at a prime Caraway Road storefront location with strong visibility at a major intersection.

Space SizeContact for details
Lot Size1.15 Acres
Days on Market78

Property Features for 2230 South Caraway Road

General Information

Standard status Active
Lot size 1.15 Acres
Property subtype Special Purpose

Site & Location

Traffic Count 44,000 vehicles/day
Highway Access Yes

Building Details

Tenancy Single

Spaces For Lease

at 2230 South Caraway Road Contact us

Space 1

Type
Special Purpose
Lease Type
Net
Availability
Active
Contact us
Listing Agency: Haag Brown Commercial Real Estate and Development
Listed By: Nathan Eller · License #EB 00077644
Source: Crexi
Added: May 27 Changed: Aug 8 Last Checked: Aug 11 at 1:00PM

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 Haag Brown Commercial Real Estate and Development

Investment Insights

Based on property information with market context.

This is a rare ground lease opportunity at the former Lazzari Italian Oven site, offered as a commercial land parcel at 2230 South Caraway Road. The property is approximately 1.15 acres and includes direct frontage along Caraway Road, supporting straightforward access for retail or QSR concepts looking for an on-site, street-facing setup.

The location sits within Highland Square at the signalized intersection of Highland Drive and Caraway Road. The property’s Caraway Road exposure is described as over 44,000 cars per day, serving a large base of local shoppers. Highland Square is positioned among major national retailers including Kroger Marketplace and Walmart Super Center, along with The Uptown redevelopment. Additional nearby retailers called out include Sam’s Club, Hobby Lobby, and Burlington Coat Factory, and Interstate 555 is less than 3/4 of a mile away.

For operators seeking a ground lease in a shopping-center environment with prominent roadway frontage, this site offers a direct retail address at one of the area’s established activity nodes. It is surrounded by other national retailers and QSRs mentioned in the materials, including Michael’s, Best Buy, Boot Bar, Freddy’s, Taco Bell, and KFC, supporting a tenant mix consistent with neighborhood and destination retail traffic patterns.

Key Highlights

  • 1.15‑acre ground lease opportunity at the former Lazzari Italian Oven location on Caraway Road
  • Direct frontage along Caraway Road at the signalized intersection of Highland Drive & Caraway Road
  • Exposure to over 44,000 cars per day at a major Jonesboro retail trade center

Property Analytics

Current Use

Lazzari Italian Oven Restaurant

Suggested Use

Top Pick HVAC Service Storage Facility Garden Center (Bike/Boat/Book/etc) Store Veterinary Clinic Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

44,000 VPD
Traffic count
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

960
Businesses Nearby
229k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 37% Shops & Services 27% Home Improvements & Furnishings 13% Groceries 12%
Cracker Barrel Old Country Store Dining
32,501 visits/mo 0.2 miles
Sam's Club Gas Station Shops & Services
31,057 visits/mo 0.5 miles
Aldi Groceries
27,126 visits/mo 0.4 miles
Casey's General Store Shops & Services
20,506 visits/mo 0.2 miles
Harbor Freight Tools Home Improvements & Furnishings
16,653 visits/mo 0.2 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

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Ground lease opportunity at a prime Caraway Road storefront location with strong visibility at a major intersection.
Where is this commercial land located?
The property is located at 2230 South Caraway Road Jonesboro, AR.
What are key features of this property?
This property features: 1.15‑acre ground lease opportunity at the former Lazzari Italian Oven location on Caraway Road; Direct frontage along Caraway Road at the signalized intersection of Highland Drive & Caraway Road; Exposure to over 44,000 cars per day at a major Jonesboro retail trade center
(870) 336-8000 Call to check price and availability
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