Three-Tenant Retail
405 Southwest Drive, Jonesboro, AR 72401
For Sale
$967,000
Pending
CommercialSale, Jonesboro, AR
Property Size5,270 SF
Days on Market123
Property Features for 405 Southwest Drive
General Information
Property type
Property subtype
Zoning description
Lot features
Directions
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Year built
Listing Agency:
Lindsey & Associates Inc
(479) 521-6611
Listed By:
Jeff Pederson · License AR SA00067378
(479) 856-2233
Added: Jul 13
Changed: Nov 10
Last Checked: Nov 12 at 6:06AM
MLS# 1354979
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,270-square-foot retail center contains three occupied tenant spaces and was built in 2005. The tenancy includes national and regional operators, with a restaurant occupant recently extending its commitment through a long-term absolute NNN lease. Drive-through windows serve both end-cap spaces, supporting the existing retail configuration.
The property is positioned at 405 Southwest Drive in Jonesboro, with a tall, multi-tenant pole sign facing the highway. Southwest Drive carries approximately 22,000 VPD, providing a clearly identified commercial setting for the center. The combination of full occupancy, established tenants, end-cap drive-through features, and prominent signage defines the asset’s current operating profile.
The property is positioned at 405 Southwest Drive in Jonesboro, with a tall, multi-tenant pole sign facing the highway. Southwest Drive carries approximately 22,000 VPD, providing a clearly identified commercial setting for the center. The combination of full occupancy, established tenants, end-cap drive-through features, and prominent signage defines the asset’s current operating profile.
Key Highlights
- 5,270‑square‑foot retail center built in 2005
- Three occupied tenant spaces with national and regional operators
- Restaurant tenant recently signed a long‑term absolute NNN lease renewal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,893
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,860
$897.9K
Cap Rate 7%
$641,329
$641.3K
Cap Rate 9%
$498,811
$498.8K
Market Conditions
NOI Build-Up for 5,270 SF
Gross rent
$68.3K $12.96/SF
− Vacancy
−$4.2K −$0.79/SF
EGI
$64.1K $12.17/SF
− OpEx
−$19.2K −$3.65/SF
NOI
$44.9K $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%
$897,860
Cap Rate 7%
$641,329
Cap Rate 9%
$498,811
Alternative Uses
Best Use
Retail
$641.3K
$561.2K – $748.2K
NOI $44,893 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$922.6K
$807.3K – $1.08M
NOI $64,585 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
22,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
116k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 27%
Home Improvements & Furnishings 6%
Electronics 1%
McDonald's
Dining
33,997 visits/mo
0.3 miles
Kum & Go
Shops & Services
22,012 visits/mo
0.4 miles
Starbucks
Dining
12,891 visits/mo
0.2 miles
Andy's Frozen Custard
Dining
12,583 visits/mo
0.4 miles
Ditta Ace Hardware
Home Improvements & Furnishings
6,449 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Fully occupied center with end-cap drive-throughs, highway frontage signage, and established national and regional occupants.
Where is this shopping center located?
The property is located at 405 Southwest Drive Jonesboro, AR.
What is the asking price?
The asking price for this property is $967,000.
What are key features of this property?
This property features: 5,270‑square‑foot retail center built in 2005; Three occupied tenant spaces with national and regional operators; Restaurant tenant recently signed a long‑term absolute NNN lease renewal
