Property profile

2206 Highland Dr Jonesboro, AR 72401

OFF-MARKET
Strip malls
Property ID
US05-0008452
8,771 SF Built 2021
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5,000 square foot storefront is part of The Uptown, a revitalized retail center in Jonesboro, Arkansas. Located at 2206 E Highland Dr, this property boasts high visibility and traffic counts exceeding 44,000 cars daily. The Uptown is situated on a 3.62-acre lot and comprises two single-story buildings totaling 125,000 square feet. Recently renovated in 2022, the property features an attractive exterior design, a covered plaza, upgraded walkways, multiple planting areas, and an open green space. The space benefits from a shared large loading dock at the rear of the building. This prime location is part of a major redevelopment project, anchored by established retailers such as Gearhead Outfitters, Gamble Home, The Buckle, Maurices, Hollywood Feed, and The Refinery. The Uptown enjoys proximity to other major retailers and restaurants, including Kroger Marketplace, Tommy's Express Car Wash, Guthrie's Chicken, Chipotle, Texas Roadhouse, and many more. The property is zoned C-3 and has an APN of 01-144204-17000. The area is experiencing significant growth and investment, making this an ideal opportunity for businesses seeking high visibility and strong foot traffic in a thriving retail environment. An adjacent 8,400 square foot outparcel center is also fully occupied. The property's strategic location between Walmart and The Mall at Turtle Creek ensures maximum exposure to a large consumer base. This is a rare opportunity to be part of Jonesboro's most exciting retail destination.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2021
Total area 8,771 SF
APN 01-144204-17050
UPID US05-0008452

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Clothing & Fashion Store
  • Clothing Store
  • Tanning Salon
  • Furniture & Home Goods Home Decor Store

Location

2206 Highland Dr Jonesboro, AR 72401-6258
Jonesboro metro Census 102 JONESBORO, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
by Request
Comparable Approach Comparable
$876k
Blend (final) Blend
$640k

Owner & transaction history

since 2023
Last sale
$775,000
7 recorded transactions
2023
$1.6M
2023
$1.9M
2022
$775,000
2022
Price N/A
2021
Price N/A
2021
Price N/A
2021
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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