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    2010 Caraway Rd Jonesboro, AR 72401

    For Sale
    $26,500,000

    High-traffic shopping center, prime location

    Property size:
    247,870 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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 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

    HighLights

    • 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.
    • Large 21+ acre site, offering expansion potential.
    • 190,000+ SF retail center plus four outparcels.
    • Six new tenants added in the past two years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bargain Hunt Discount Store AMVETS Drop Box ... Donations Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6758222
    Latitude
    35.8203095

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    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.
    Request Owner's contact information
    2010 Caraway Rd Jonesboro, AR 72401
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    Jonesboro, AR 72401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2010 Caraway Rd Jonesboro, AR 72401
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