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    FOR SALE
    Warehouses

    2010 S Caraway Rd, Jonesboro, AR 72401

    88,669 SF 7 ac lot
    Entity Owned ~ Est. High Equity
    Property ID
    US05-0972731
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Total area 88,669 SF
    Lot 7 ac (304,920 SF)
    APN 01-144282-00700
    UPID US05-0972731
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bargain Hunt Discount Store
    • AMVETS Drop Box Only Charitable Organization
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $6.62M
    Comparable Approach Comparable
    $4.75M
    Blend (final) Blend
    $5.48M
    Owner & transaction history
    Highland Square INC
    Highland Square INC
    since 2026
    4 recorded transactions
    2026
    2025
    2019
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $8.1M +129.7%
    Auto repair, garage $7.3M +107.5%
    Commercial (general) $5.8M +63.0%
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    More about this property
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