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    101 Johnson Ave Jonesboro, AR 72401

    Sponsored
    For Sale
    $786,206

    High-Yield Jonesboro Retail Property

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This fee-simple, net-leased Dollar General storefront in Jonesboro, AR, presents a compelling investment opportunity. Located at 101 E Johnson Ave, this 8,000 square foot property sits on a 0.85-acre lot and boasts a strong 7.25% cap rate, generating a $57,000 annual NOI. The property benefits from a 10-year lease (commencing April 1, 2020, and expiring March 31, 2030), with 5.4 years remaining and two five-year renewal options. Rent increases are built in, with an 8% bump every five years. The tenant, Dollar General, is credit-rated and backed by a corporate guarantee, ensuring consistent income. The property is zoned I-1 and enjoys a prime location in downtown Jonesboro, serving a population exceeding 40,000 within a three-mile radius. Jonesboro's total population is 81,969, further enhanced by the presence of Arkansas State University, the state's second-largest university with over 14,000 students. The city's affordability and its status as a regional healthcare hub with two major medical campuses add to the property's long-term value. The asking price is $786,206, translating to $98.28 per square foot. This established, high-performing retail asset offers investors a secure and profitable addition to their portfolio. The property's APN is 01-144182-06500.

    Property Features for 101 Johnson Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,000 SF
    Lot Size
    37,026 SF

    HighLights

    • Net‑leased Dollar General in Jonesboro, AR, offering strong investment potential.
    • High‑traffic downtown Jonesboro location, serving over 40,000 people within a three‑mile radius.
    • Jonesboro, AR has a population of 81,969.
    • Located near Arkansas State University, the state's second‑largest university (14,000+ students).
    • Jonesboro is consistently ranked as a highly affordable city and a regional healthcare center with two major medical campuses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Grocery Store Western Union Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.70427961108
    Latitude
    35.845279150683

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Jonesboro Retail Property
    Where is this individual retail property located?
    The property is located at 101 Johnson Ave Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $786,206.
    What are key features of this property?
    This property features: Net-leased Dollar General in Jonesboro, AR, offering strong investment potential.; High-traffic downtown Jonesboro location, serving over 40,000 people within a three-mile radius.; Jonesboro, AR has a population of 81,969.
    Request Owner's contact information
    101 Johnson Ave 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
    101 Johnson Ave Jonesboro, AR 72401
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