3009 Highland Dr Jonesboro, AR 72401
- Strip malls
- 11,324 SF
- 1.35 lot acres
Current Use by Public Records
- SKECHERS Warehouse Outlet / Clothing Store / Men'S Clothing Store
- Mai Pai Thai Cuisine / Thai Restaurant
- TagWorks / Pet Supply Store
- Alterations by David's Bridal Jonesboro AR / Clothing Alteration Service
- PetSmart / Pet Supply Store
Property Details for 3009 Highland Dr
- Lot size
- 1.35 lot acres
- Property size
- 11,324 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 01-144281-00800
- APU
- 114428100800
Description
This exceptional 5,200 square foot retail space presents a rare leasing opportunity in a vibrant Jonesboro, Arkansas retail center. Located at 3009 E Highland Dr, 72401, this storefront enjoys a highly visible corner location at the intersection of Red Wolf Blvd and Highland Dr, benefiting from exposure to over 60,000 vehicles daily. The property offers convenient access from Red Wolf Blvd to the west, Highland Dr to the north, and Dayton Ave to the south. This nearly 25,000 square foot center boasts a strong tenant mix, including anchor stores PetSmart and Skechers. Additional co-tenants within the center include T-Mobile, SportSlips, Diva Nail & Spa, and Mai Pai Thai Cuisine. The property's prime location is further enhanced by its proximity to a variety of popular restaurants and retailers such as Five Guys, Cheddar's Scratch Kitchen, Ulta Beauty, Kirklands, Olive Garden, AT&T, Chili's, Target, Dillard's, and JC Penney. This space is ideal for a business seeking high visibility and strong foot traffic in a thriving retail environment. The property is classified as a multi-tenant retail storefront.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,705,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,090,000
- 6.5%
- $6,815,000
- 7%
- $7,300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,710,000
- Geo Method
- $6,705,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,760,000
- Retail
- $6,800,000
- Mixed-Use
- $7,225,000
- Hospitality
- $7,640,000
- Educational
- $7,520,000
- Residential Income
- $7,965,000
- Energy
- $7,355,000
- Income-Based Land
- $6,350,000
- Food Service
- $7,880,000
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.6683
- Latitude
- 35.8207
- CBSA code
- 27860
- CBSA name
- JONESBORO, AR METROPOLITAN STATISTICAL AREA
