Highway-Frontage Strip
For Sale
Contact for pricing
3542 Southwest Drive #Suite 3, Jonesboro, AR 72404
The three-part retail center is located within a large mixed-use development with walking and biking trails.
Property Size1,500 SF
Price / SF$0.02
Days on Market227
Property Features for 3542 Southwest Drive #Suite 3
General Information
Standard status
Active
Size
1,500 SF
Total Parking Spaces
10
Property subtype
Commercial
Lease Type
NNN
Additional Details
Highway Access
Yes
Amenities
Landscaping
Building Details
Building Size
1,500 SF
Year Built
2026
Stories
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Village Communities
(870) 935-7800
Listed By:
Chase Copeland · License #AB00095147
(870) 819-6395
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.
The retail center at 3542 Southwest Drive is configured as three retail spaces, with Suite 3 identified at the property address. The building is listed with a 2026 year built and occupies a highway-frontage site within the Southern Hills development.
Southern Hills spans more than 175 acres and combines retail businesses, professional offices, and residences. Walking and biking trails connect areas throughout the development, which also includes plans for future multifamily housing.
Southern Hills spans more than 175 acres and combines retail businesses, professional offices, and residences. Walking and biking trails connect areas throughout the development, which also includes plans for future multifamily housing.
Key Highlights
- Three‑part retail center
- Highway‑frontage site within Southern Hills
- Located in a mixed‑use development spanning more than 175 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,778
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,560
$255.6K
Cap Rate 7%
$182,543
$182.5K
Cap Rate 9%
$141,978
$142.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$19.4K $12.96/SF
− Vacancy
−$1.2K −$0.79/SF
EGI
$18.3K $12.17/SF
− OpEx
−$5.5K −$3.65/SF
NOI
$12.8K $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%
$255,560
Cap Rate 7%
$182,543
Cap Rate 9%
$141,978
Alternative Uses
Best Use
Retail
$182.5K
$159.7K – $213.0K
NOI $12,778 @ 7.0% cap · market cap 42,593.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$262.6K
$229.8K – $306.4K
NOI $18,383 @ 7.0% cap · market cap 61,276.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
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 - The three-part retail center is located within a large mixed-use development with walking and biking trails.
Where is this strip mall located?
The property is located at 3542 Southwest Drive #Suite 3 Jonesboro, AR.
What are key features of this property?
This property features: Three‑part retail center; Highway‑frontage site within Southern Hills; Located in a mixed‑use development spanning more than 175 acres
