1843 Highland Dr Jonesboro, AR 72401-6118

This exceptional investment opportunity presents a 60,934 square foot, Class A Hobby Lobby storefront in Jonesboro, Arkansas. Boasting a new 10-year lease (with two 5-year options) expiring February 28, 2034, this property offers a strong 6.99% cap rate and a substantial NOI of $594,106. Located on 7.52 acres of C-3 zoned land (APN: 01-144291-0580), the property benefits from a prime location on E. Highland Dr., a high-traffic retail corridor near major retailers like Walmart, Kroger, and Target. The property's multi-tenant configuration and 100% occupancy ensure a stable and reliable income stream. The sale price is $8,500,000 ($139.50/sq ft). Ownership will be conveyed via a Horizontal Property Regime (HPR). This is a rare opportunity to acquire a highly sought-after retail asset with a long-term, established tenant and significant upside potential. The property's strategic location and strong tenant history make it an ideal addition to any diversified investment portfolio. This NNN lease significantly minimizes landlord responsibilities, further enhancing the investment's appeal.