2010 Caraway Rd Jonesboro, AR 72401
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High-traffic shopping center, prime location
Property size:
247,870 SFProperty Features for 2010 Caraway Rd
General Information
- Property type
- Lifestyle centers
- Square Feet
- 247,870 SF
- Lot Size
- 914,760 SF
Building Details
- Year Built/Renovated
- 1979/2019
- Buildings
- 4
- Stories
- 1
Listing Agency: Haag Brown Commercial Real Estate and Development Listing Agent: Nathan Eller
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 247,870 square foot shopping center in Jonesboro, Arkansas, presents a rare investment opportunity. Situated on over 21 acres at the highly visible intersection of Highland Drive and Caraway Road, this property boasts a 96.6% occupancy rate with 12 tenants, including Ross, Tuesday Morning, Bargain Hunt, and Play It Again Sports. The center benefits from over 44,000 cars passing daily and is strategically located between a Walmart Supercenter and The Mall at Turtle Creek. Four outparcels house Taco Bell, KFC, Golden Corral, and a soon-to-be-announced fast-food restaurant. Built in 1979 and extensively renovated in 2019, the property features four one-story buildings with 1,100 parking spaces. The asking price is $26,500,000, representing a price per square foot of $124.51 and a 5.63% cap rate with a Net Operating Income (NOI) of $1,491,663. The land value is $28.97 per square foot. This NNN-leased, multi-tenant property offers significant potential for future growth and expansion due to its size and prime location near Interstate 555. The property is zoned for commercial use and has APNs: 01-144282-00700, 01-144282-00900, 01-144282-00100, 01-144282-01200, 01-144282-00800, 01-144282-02300, 01-144282-01100, 01-144282-03500, 01-144282-01000. This is a for-sale-by-owner listing.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bargain Hunt
Discount Store
AMVETS Drop Box ...
Charitable Organization
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.6758222
- Latitude
- 35.8203095
Nearby Similar for Sale
FAQs
What type of property is this?
Lifestyle center - High-traffic shopping center, prime location
Where is this lifestyle center located?
The property is located at 2010 Caraway Rd Jonesboro, AR.
What is the asking price?
The asking price for this property is $26,500,000.
What are key features of this property?
This property features: Exclusive offering: First time on the market.; High-traffic location at the signalized intersection of Highland Drive and Caraway Road.; Exceptional visibility with 44,000 cars per day.