Highland Square Shopping Center For
2010 S Caraway Rd, Jonesboro, AR 72401
Call to check price and availability
Prime retail location with high traffic and established tenants.
Type:Retail
Property size:
247,870 SFLot size:
21.00 AcresPrice / SF:
$106/SF- Added:
- Apr 25, 2023
- Days on Market:
- 1169
- Last Refresh:
- May 13 at 12:10 am
Property Features for 2010 S Caraway Rd
General Information
- Standard status
- Active
- Size
- 247,870 SF
- Lot size
- 21.00 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1979
Listing office Haag Brown Commercial Real Estate and Development (870) 336-8000
Listing date Apr 25, 2023
Source Crexi
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 Haag Brown Commercial Real Estate and Development
HighLights
- Prime location at the signalized intersection of Highland Drive and Caraway Road with high visibility (44,000+ cars per day).
- Located in the primary center of trade for Jonesboro, frequented by 550,000 consumers.
- Strategically surrounded by Kroger Marketplace, Walmart Super Center, and The Uptown redevelopment.
- Includes a 192,537 square foot shopping center on 21+ acres.
- Features a mix of national retailers including Ross, Michael's, Cato Fashions, and Barton's Home Improvements.
- Includes (4) restaurant out‑pads occupied by Taco Bell, KFC, Golden Corral, & Freddy's Frozen Custard & Steakburgers.
Overview
The Highland Square shopping center is available for purchase. This development is located at the signalized intersection of Highland Drive and Caraway Road. The property has exposure to over 44,000 cars per day and is highly recognized by the 550,000 consumers that frequent Jonesboro. Highland Square is strategically placed, surrounded by Kroger Marketplace, Walmart Super Center, and The Uptown redevelopment. It is also close to Sam's Club, Hobby Lobby, Burlington Coat Factory, Lowe's, and sits less than 3/4 of a mile from Interstate 555. The 21+ acre property includes a 192,537 square foot shopping center. Retailers include Cato Fashions, Barton's Home Improvements, Sally's Beauty Supply, and Trees & Trends. Kmart was the center's original anchor, occupying the 82,000+ square foot northern end-cap. Within the last 6 years, the space has been completely renovated and brand new tenants have been added, including Ross, Micheal's, & Play It Again Sports. The property also features (4) restaurant out-pads occupied by Taco Bell, KFC, Golden Corral, & Freddy's Frozen Custard & Steakburgers.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $3.21M | $12.96 |
| − Vacancy | −$196.0k | −$0.79 |
| EGI | $3.02M | $12.17 |
| − OpEx | −$904.9k | −$3.65 |
| NOI | $2.11M | $8.52 |
247,870 SF · lease $12.96/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$30.16M
$26.39M – $35.19M
NOI $2,111,507 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$43.40M
$37.97M – $50.63M
NOI $3,037,688 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Bargain Hunt
Discount Store
AMVETS Drop Box ...
Charitable Organization
Similar Places Nearby
- Coin Cloud Bitcoin ATM — 1715 E Johnson Ave, Jonesboro, AR 72401
- Caraway Plaza — Caraway Plaza Shopping Center, 1127 S Caraway Rd, Jonesboro, AR 72401
- Coinstar Kiosk | Bitcoin ATM — Kroger - Delta, 1725 S Caraway Rd, Jonesboro, AR 72401
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.677399
- Latitude
- 35.820055
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Prime retail location with high traffic and established tenants.
Where is this shopping center located?
The property is located at 2010 S 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: Prime location at the signalized intersection of Highland Drive and Caraway Road with high visibility (44,000+ cars per day).; Located in the primary center of trade for Jonesboro, frequented by 550,000 consumers.; Strategically surrounded by Kroger Marketplace, Walmart Super Center, and The Uptown redevelopment.
