Leased Four-Suite Strip
For Sale
Contact for pricing
2506 Stadium Blvd, Jonesboro, AR 72401
Fully occupied retail center with national and local tenants under NNN leases.
Property Size5,400 SF
Price / SF$222.22
Days on Market172
Property Features for 2506 Stadium Blvd
General Information
Standard status
Active
Size
5,400 SF
Class
B
Property subtype
Office, Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$80,408
Building Details
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
The CRE Group
(870) 761-9907
Listed By:
Heather Talley · License #AR PB00079967
Source:
Crexi
Added: Mar 13
Changed: Aug 29
Last Checked: Aug 29 at 8:01PM
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 5,400-square-foot strip mall contains four suites and is fully leased. The tenant roster includes both national and local occupants, with NNN lease structures in place across the center. Recent improvements add to the property’s current physical offering.
Located at 2506 Stadium Blvd in Jonesboro, Arkansas, the center provides a compact multi-tenant retail format with an established occupancy profile.
Located at 2506 Stadium Blvd in Jonesboro, Arkansas, the center provides a compact multi-tenant retail format with an established occupancy profile.
Key Highlights
- 5,400‑square‑foot strip mall at 2506 Stadium Blvd, Jonesboro, AR 72401
- Four‑suite retail center
- Fully leased occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,000
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$920,000
$920.0K
Cap Rate 7%
$657,143
$657.1K
Cap Rate 9%
$511,111
$511.1K
Market Conditions
NOI Build-Up for 5,400 SF
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.
Gross rent
$70.0K $12.96/SF
− Vacancy
−$4.3K −$0.79/SF
EGI
$65.7K $12.17/SF
− OpEx
−$19.7K −$3.65/SF
NOI
$46.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$920,000
Cap Rate 7%
$657,143
Cap Rate 9%
$511,111
Alternative Uses
Best Use
Retail
$657.1K
$575.0K – $766.7K
NOI $46,000 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$945.4K
$827.2K – $1.10M
NOI $66,178 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
86k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 38%
Hotels & Casinos 7%
Home Improvements & Furnishings 1%
Kum & Go
Shops & Services
19,267 visits/mo
0.1 miles
Colton's Steak House & Grill
Dining
13,068 visits/mo
0.5 miles
Burger King
Dining
12,503 visits/mo
0.5 miles
Steak 'n Shake
Dining
11,935 visits/mo
0.5 miles
Waffle House
Dining
7,526 visits/mo
0.4 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied retail center with national and local tenants under NNN leases.
Where is this strip mall located?
The property is located at 2506 Stadium Blvd Jonesboro, AR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,400‑square‑foot strip mall at 2506 Stadium Blvd, Jonesboro, AR 72401; Four‑suite retail center; Fully leased occupancy
