1843A Highland Dr Jonesboro, AR 72401

This exceptional Class A shopping center in Jonesboro, Arkansas, presents a compelling investment opportunity. Priced at $13,650,000, this 99,662 square foot property boasts a 7.48% cap rate and a strong net operating income (NOI) of $1,021,465. The center features a diverse mix of four tenants, including a Hobby Lobby anchored by a new 10-year lease, Shoe Carnival, Lucky's Mattress & Furniture, and a VA Clinic. Situated on an 8.17-acre lot with 313 parking spaces, the property benefits from a prime location in Jonesboro's thriving retail corridor, experiencing over 22,000 vehicles daily. Recent renovations include exterior painting and parking lot resurfacing. The property is zoned C-3 and features one building, built in 2023. The lease type is NNN, with rent bumps included. This multi-tenant investment offers exceptional value and strong potential for future growth, well below replacement cost. The property's location adjacent to a major Walmart Supercenter further enhances its desirability and ensures consistent high traffic. This is a rare opportunity to acquire a premier retail asset in a high-demand market.