Multi-Tenant Retail
900 Southwest Drive, Jonesboro, AR 72401
For Sale
Contact for pricing
Signalized access serves a tenant mix spanning retail, dining, services, and government-related uses.
Property Size42,772 SF
Price / SF$178.86
Days on Market22
Property Features for 900 Southwest Drive
General Information
Standard status
Size
Property subtype
Site & Location
Corner Location
Traffic Count
Highway Access
Additional Details
Gross Income
Tenant in Place
Building Details
Tenancy
Listing Agency:
Haag Brown Commercial Real Estate and Development
Listed By:
Zac Qualls · License AR EB00073816
(870) 284-4448
Source:
Crexi
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 5:38PM
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
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Investment Insights
Based on property information with market context.
This 42,772-square-foot retail center has multiple tenants, including Outback, Lost Pizza Co., The Truck Patch, and the Arkansas Department of Education. Occupants represent retail, restaurant, service, and government-related uses. Existing vacancy and leases scheduled to expire from 2027 through 2030 provide points for future leasing and lease negotiations.
The property occupies the northwest corner of I-555 and Southwest Drive in Jonesboro, with signalized access. Reported combined traffic on I-555 and Southwest Drive/Parker Road is approximately 70,000+ vehicles per day. Walmart, national and regional retailers and restaurants, the redevelopment of The Shops at Parker, and the planned Southern Hills mixed-use development are among the nearby commercial context.
The property occupies the northwest corner of I-555 and Southwest Drive in Jonesboro, with signalized access. Reported combined traffic on I-555 and Southwest Drive/Parker Road is approximately 70,000+ vehicles per day. Walmart, national and regional retailers and restaurants, the redevelopment of The Shops at Parker, and the planned Southern Hills mixed-use development are among the nearby commercial context.
Key Highlights
- 42,772‑square‑foot multi‑tenant retail property
- At the northwest corner of I‑555 and Southwest Drive with signalized access
- Approximately 70,000+ combined vehicles per day on I‑555 and Southwest Drive/Parker Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$364,358
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,287,160
$7.3M
Cap Rate 7%
$5,205,114
$5.2M
Cap Rate 9%
$4,048,422
$4.0M
Market Conditions
NOI Build-Up for 42,772 SF
Gross rent
$554.3K $12.96/SF
− Vacancy
−$33.8K −$0.79/SF
EGI
$520.5K $12.17/SF
− OpEx
−$156.2K −$3.65/SF
NOI
$364.4K $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%
$7,287,160
Cap Rate 7%
$5,205,114
Cap Rate 9%
$4,048,422
Alternative Uses
Best Use
Retail
$5.21M
$4.55M – $6.07M
NOI $364,358 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.49M
$6.55M – $8.74M
NOI $524,178 @ 7.0% cap · market cap 6.85%
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
70,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
72k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
Kum & Go
Shops & Services
22,012 visits/mo
0.5 miles
Wendy's
Dining
15,423 visits/mo
0.3 miles
Outback Steakhouse
Dining
13,772 visits/mo
0.1 miles
Exxon
Shops & Services
11,650 visits/mo
0.2 miles
Domino's Pizza
Dining
3,859 visits/mo
0.1 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
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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
Similar Off Market Nearby
- Ridgepark center — 1905 W Parker Rd, Jonesboro, AR 72404
Frequently Asked Questions
What type of property is this?
Shopping center - Signalized access serves a tenant mix spanning retail, dining, services, and government-related uses.
Where is this shopping center located?
The property is located at 900 Southwest Drive Jonesboro, AR.
What is the asking price?
The asking price for this property is $7,650,000.
What are key features of this property?
This property features: 42,772‑square‑foot multi‑tenant retail property; At the northwest corner of I‑555 and Southwest Drive with signalized access; Approximately 70,000+ combined vehicles per day on I‑555 and Southwest Drive/Parker Road
