101 Johnson Ave Jonesboro, AR 72401
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High-Yield Jonesboro Retail Property
Property size:
8,000 SFProperty Features for 101 Johnson Ave
General Information
- Property type
- Individual retail properties
- Square Feet
- 8,000 SF
- Lot Size
- 37,026 SF
Listing Agency: Legacy Realty Group Listing Agent: Garrett Mcpherson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dollar General
Grocery & Convenience Store
Western Union
Bank
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.