Three-Unit Retail
For Sale
Contact for pricing
3542 Southwest Drive #Suite 1, Jonesboro, AR 72404
Positioned within a large mixed-use development with retail, offices, residences, and planned multifamily housing.
Property Size1,200 SF
Price / SF$0.03
Days on Market227
Property Features for 3542 Southwest Drive #Suite 1
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
10
Property subtype
Commercial
Lease Type
NNN
Amenities
walking and biking trails
Landscaping
Building Details
Building Size
1,200 SF
Year Built
2026
Stories
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Village Communities
(870) 935-7800
Listed By:
Carroll Caldwell · License #00001692
(870) 931-8233
Source:
Carolynrussellrealestate
Added: Mar 23
Changed: Nov 3
Last Checked: Nov 3 at 7:11PM
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.
This three-unit retail center is located at 3542 Southwest Drive, Suite 1, in Jonesboro, Arkansas. The property is identified as having a 2026 year built and sits on a highway-frontage lot within the Southern Hills mixed-use development.
Southern Hills spans more than 175 acres and includes nationally recognized brands, locally owned businesses, professional offices, and single-family residences, with Class A multifamily units planned. Walking and biking trails connect areas of the development.
Southern Hills spans more than 175 acres and includes nationally recognized brands, locally owned businesses, professional offices, and single-family residences, with Class A multifamily units planned. Walking and biking trails connect areas of the development.
Key Highlights
- Three‑unit retail center at 3542 Southwest Drive, Suite 1, Jonesboro, AR 72404
- Year built: 2026
- Located on a highway‑frontage lot within Southern Hills
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,222
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,440
$204.4K
Cap Rate 7%
$146,029
$146.0K
Cap Rate 9%
$113,578
$113.6K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$15.6K $12.96/SF
− Vacancy
−$949 −$0.79/SF
EGI
$14.6K $12.17/SF
− OpEx
−$4.4K −$3.65/SF
NOI
$10.2K $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%
$204,440
Cap Rate 7%
$146,029
Cap Rate 9%
$113,578
Alternative Uses
Best Use
Retail
$146.0K
$127.8K – $170.4K
NOI $10,222 @ 7.0% cap · market cap 34,073.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$210.1K
$183.8K – $245.1K
NOI $14,706 @ 7.0% cap · market cap 49,020.00%
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
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
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Positioned within a large mixed-use development with retail, offices, residences, and planned multifamily housing.
Where is this strip mall located?
The property is located at 3542 Southwest Drive #Suite 1 Jonesboro, AR.
What are key features of this property?
This property features: Three‑unit retail center at 3542 Southwest Drive, Suite 1, Jonesboro, AR 72404; Year built: 2026; Located on a highway‑frontage lot within Southern Hills
