2010 S Caraway Rd, Jonesboro, AR 72401
For Sale
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Highland Square Shopping Center presents a unique opportunity for retailers seeking high-visibility space in Jonesboro's primary commercial hub. This established shopping center, located at the signalized intersection of Highland Drive and Caraway Road, boasts daily exposure to over 44,000 vehicles. The 21+ acre property includes a 192,537 square foot retail center, featuring a diverse mix of established tenants such as Cato Fashions, Barton's Home Improvement, Sally's Beauty Supply, and Trees 'N Trends. Recent additions include Ross, Michael's, Bargain Hunt, and Play It Again Sports, demonstrating the center's continued growth and appeal. Four restaurant outparcels, occupied by Taco Bell, KFC, Golden Corral, and Freddy's Frozen Custard & Steakburgers, further enhance the property's draw. Two retail spaces are currently available, offering 3,500 and 9,917 square feet respectively, providing flexibility for various business needs. The ample parking and expansive site offer significant potential for future expansion or additional development. The center's strategic location between a Walmart Supercenter and the former Mall at Turtle Creek, along with its proximity to Kroger Marketplace, Sam's Club, Hobby Lobby, Burlington Coat Factory, and Lowe's, and less than ¾ of a mile from Interstate 555, ensures high traffic and strong consumer demographics. This is an exceptional opportunity to establish a presence in a thriving retail environment with a proven track record of success.
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Bargain Hunt Discount Store
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AMVETS Drop Box Only Charitable Organization
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.