Property profile

3009 Highland Dr Jonesboro, AR 72401

OFF-MARKET
Strip malls
Property ID
US05-1078261
11,324 SF 1.35 ac lot
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,200 square foot retail space presents a rare leasing opportunity in a vibrant Jonesboro, Arkansas retail center. Located at 3009 E Highland Dr, 72401, this storefront enjoys a highly visible corner location at the intersection of Red Wolf Blvd and Highland Dr, benefiting from exposure to over 60,000 vehicles daily. The property offers convenient access from Red Wolf Blvd to the west, Highland Dr to the north, and Dayton Ave to the south. This nearly 25,000 square foot center boasts a strong tenant mix, including anchor stores PetSmart and Skechers. Additional co-tenants within the center include T-Mobile, SportSlips, Diva Nail & Spa, and Mai Pai Thai Cuisine. The property's prime location is further enhanced by its proximity to a variety of popular restaurants and retailers such as Five Guys, Cheddar's Scratch Kitchen, Ulta Beauty, Kirklands, Olive Garden, AT&T, Chili's, Target, Dillard's, and JC Penney. This space is ideal for a business seeking high visibility and strong foot traffic in a thriving retail environment. The property is classified as a multi-tenant retail storefront.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Total area 11,324 SF
Lot 1.35 ac (58,806 SF)
APN 01-144281-00800
UPID US05-1078261

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Restaurant
  • (Bike/Boat/Book/etc) Store Pet Store & Service
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Pet Store & Service

Location

3009 Highland Dr Jonesboro, AR 72401-6257
Jonesboro metro Census 403 JONESBORO, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.71M

Owner & transaction history

since 2022
Last sale
$6.9M
2 recorded transactions
2022
$6.9M
2021
$4.0M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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