Property profile

2900 W Kingshighway Paragould, AR 72450

FOR LEASE
Strip malls
Property ID
US05-1985685
45,706 SF 6.39 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This Paragould, Arkansas retail property, West Pointe Center, offers two available suites within a thriving shopping center totaling 43,300 square feet. Located at 2900 W Kingshighway (APN 1002-35310-007), this multi-tenant shopping center enjoys a prime location along heavily trafficked US 412, boasting 20,300 cars per day. The center is anchored by a Walmart Supercenter and surrounded by numerous national and regional retailers including GameStop, Cato's, Hibbett Sports, and PetSmart, ensuring high visibility and foot traffic. Two suites are immediately available: Suite 140 (2,000 sq ft) situated between GameStop and Larry's Pizza, and Suite 160 (2,400 sq ft) located next to Goodwill. The property is within a one-mile radius of other major retailers and restaurants such as Belk, Lowe's, Dollar Tree, Five Below, Aldi, and various fast-food chains. This presents a rare opportunity to establish a business in a well-established and high-traffic retail environment in Paragould, a city conveniently located 20 miles north of Jonesboro, Arkansas. The property is classified as a shopping center with multiple tenancies.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Total area 45,706 SF
Lot 6.39 ac (278,348 SF)
APN 1002-35310-007
UPID US05-1985685

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
  • Clothing & Fashion Store
  • Nail Salon
  • Mobile Phone Store Electronics & Wireless Store
  • Shopping Center & Mall
  • Garden Center

Location

2900 W Kingshighway Paragould, AR 72450
Paragould metro Census 480801 PARAGOULD, AR MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$655k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$655k

Owner & transaction history

since 2018
2 recorded transactions
2018
$5.6M
2014
$4.1M

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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More about this property
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