Storefront Retail
For Sale
$799,000
226 S Main St, Jonesboro, AR 72401
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 Market112
Property Features for 226 S Main St
General Information
Standard status
Active
Size
4,940 SF
Taxes and HOA fees
Annual Taxes
$3,321
Listing Agency:
The CRE Group
7619907
Listed By:
Heather Talley CCIM · License #PB00079967
(870) 761-9907
Source:
Exprealty
Added: Jul 3
Changed: Oct 17
Last Checked: Oct 20 at 11:29PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,082
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,640
$841.6K
Cap Rate 7%
$601,171
$601.2K
Cap Rate 9%
$467,578
$467.6K
Market Conditions
NOI Build-Up for 4,940 SF
Gross rent
$64.0K $12.96/SF
− Vacancy
−$3.9K −$0.79/SF
EGI
$60.1K $12.17/SF
− OpEx
−$18.0K −$3.65/SF
NOI
$42.1K $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%
$841,640
Cap Rate 7%
$601,171
Cap Rate 9%
$467,578
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 authorities.
How Realmo checks its estimates
Property Analytics
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Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,002
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Home Improvements & Furnishings 1%
Dollar General
Shops & Services
8,793 visits/mo
0.2 miles
Exxon
Shops & Services
5,672 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
3,391 visits/mo
0.2 miles
Exxon
Shops & Services
2,664 visits/mo
0.2 miles
Cadence Bank
Shops & Services
1,594 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Blossom Events and Florist Jonesboro — 801 Osler Dr C, Jonesboro, AR 72401
Frequently Asked Questions
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
