Three-Tenant Retail
3542 Southwest Drive #Suite 2, Jonesboro, AR 72404
For Sale
Contact for pricing
Set within a mixed-use community featuring walking and biking trails, homes, offices, retail businesses, and planned multifamily housing.
Property Size2,200 SF
Price / SF$0.01
Days on Market232
Property Features for 3542 Southwest Drive #Suite 2
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Lease Type
Amenities
Landscaping
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Coldwell Banker Village Communities
(870) 935-7800
Listed By:
Chase Copeland · License AR AB00095147
(870) 819-6395
Source:
Carolynrussellrealestate
Added: Mar 23
Changed: Nov 7
Last Checked: Nov 9 at 6:14PM
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 Coldwell Banker Village Communities
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 3542 Southwest Drive, this triplex retail center is located on a highway-frontage lot within the Southern Hills mixed-use development. The property is identified as a 2026 build. Its three-unit configuration provides a retail setting within a larger, varied community.
Southern Hills spans more than 175 acres and includes national and local businesses, professional offices, single-family homes, and future Class A multifamily units. Walking and biking trails connect areas throughout the development.
Southern Hills spans more than 175 acres and includes national and local businesses, professional offices, single-family homes, and future Class A multifamily units. Walking and biking trails connect areas throughout the development.
Key Highlights
- Triplex retail center at 3542 Southwest Drive
- Located on a highway‑frontage lot within Southern Hills
- Southern Hills spans more than 175 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,741
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,820
$374.8K
Cap Rate 7%
$267,729
$267.7K
Cap Rate 9%
$208,233
$208.2K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$28.5K $12.96/SF
− Vacancy
−$1.7K −$0.79/SF
EGI
$26.8K $12.17/SF
− OpEx
−$8.0K −$3.65/SF
NOI
$18.7K $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%
$374,820
Cap Rate 7%
$267,729
Cap Rate 9%
$208,233
Alternative Uses
Best Use
Retail
$267.7K
$234.3K – $312.4K
NOI $18,741 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$385.2K
$337.0K – $449.4K
NOI $26,961 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
Kum & Go
Shops & Services
16,839 visits/mo
0.5 miles
Wendy's
Dining
15,423 visits/mo
0.4 miles
Exxon
Shops & Services
11,650 visits/mo
0.5 miles
Plaza Tire Service
Shops & Services
1,681 visits/mo
0.1 miles
Arvest Bank
Shops & Services
1,536 visits/mo
0.4 miles
Demographics for 72404, AR
29,344
Population
12,518
Households
2.3
Avg Household Size
35
Median Age
34%
College-Educated
93%
High-School Grad
128.0 sq mi
ZIP Area
229
Density / Sq Mi
$67,000
Median Household Income
$40,373
Median Earnings
$938
Median Rent
$236,300
Median Home Value
Market
Properties on Market for Shopping centers in Craighead County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Set within a mixed-use community featuring walking and biking trails, homes, offices, retail businesses, and planned multifamily housing.
Where is this shopping center located?
The property is located at 3542 Southwest Drive #Suite 2 Jonesboro, AR.
What are key features of this property?
This property features: Triplex retail center at 3542 Southwest Drive; Located on a highway‑frontage lot within Southern Hills; Southern Hills spans more than 175 acres
