Storefront Retail
226 S Main St Jonesboro, AR 72401
226 S Main St, Jonesboro, AR, 72401
$799,000
For Sale
$799,000
For sale storefront retail property with a current lease of about 2.5 years remaining and some FF&E included.
Property Size4,940 SF
Price / SF$161.74
Days on Market21
Property Features for 226 S Main St
General Information
- Standard status
- Active
- Size
- 4,940 SF
Listing agency
The CRE Group
(870) 761-9907
Listed by
Heather Talley CCIM · License #AR PB00079967
(870) 761-9907
Source
Exprealty
Added: Jul 3 Updated: Jul 22 at 3:46AM Checked: Jul 22 at 3:46AM
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 The CRE Group
Investment Insights
Based on property information with market context.
This for-sale storefront retail property is currently under lease, with approximately 2.5 years remaining. The current tenant has closed for business, and it is unclear whether the closure is temporary or permanent. Some FF&E is included in the sale.
The property is located at 226 S Main St in Jonesboro, Arkansas.
At just under 5,000 square feet, it offers an existing retail storefront configuration suitable for an incoming tenant, subject to leasing arrangements based on the tenant’s status.
The property is located at 226 S Main St in Jonesboro, Arkansas.
At just under 5,000 square feet, it offers an existing retail storefront configuration suitable for an incoming tenant, subject to leasing arrangements based on the tenant’s status.
Key Highlights
- Retail storefront property for sale with a current lease showing about 2.5 years remaining
- Current tenant has closed for business; it’s unclear whether the closure is temporary or permanent
- Some FF&E (furniture, fixtures, and equipment) is included in the sale
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 | $64.0k | $12.96 |
| − Vacancy | −$3.9k | −$0.79 |
| EGI | $60.1k | $12.17 |
| − OpEx | −$18.0k | −$3.65 |
| NOI | $42.1k | $8.52 |
4,940 SF · lease $12.96/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$601.2K
$526.0K – $701.4K
NOI $42,082 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$864.9K
$756.8K – $1.01M
NOI $60,541 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sugar Grits & Ben ...
Restaurant
Yesdog Grill & Ben ...
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Blossom Events and Florist Jonesboro — 801 Osler Dr C, Jonesboro, AR 72401
FAQs
What type of property is this?
Storefront property - For sale storefront retail property with a current lease of about 2.5 years remaining and some FF&E included.
Where is this storefront property located?
The property is located at 226 S Main St Jonesboro, AR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Retail storefront property for sale with a current lease showing about 2.5 years remaining; Current tenant has closed for business; it’s unclear whether the closure is temporary or permanent; Some FF&E (furniture, fixtures, and equipment) is included in the sale
