723 Parker Rd Jonesboro, AR 72404-8302

Property Details for 723 Parker Rd

Lot size

1.69 lot acres

Property size

6,897 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

01-144311-00804

APU

114431100804

Description

This exceptional investment opportunity presents a fee-simple interest (land and building) in a fully occupied, four-tenant retail property situated in Jonesboro, Arkansas. The property boasts a prominent location at 723 E Parker Rd, benefiting from high visibility and convenient access via Interstate 555 (37,000 vehicles per day). Anchored by an Arby's restaurant featuring a drive-through, the 6,600 square foot center also includes three additional tenants. The Arby's lease is a new 20-year agreement with four 5-year options, ensuring long-term stability. All leases are triple-net (NNN), minimizing landlord responsibilities and maximizing investor returns. The property sits on a 1.39-acre lot with 60 parking spaces and is zoned C-3. Built in 2017, the property generates a substantial net operating income (NOI) of $193,404, representing a compelling 6.50% capitalization rate. Its strategic location near a Home Depot, Walmart Supercenter, Waffle House, and Sonic, along with other national retailers, ensures consistent high traffic and strong consumer demand. The surrounding 5-mile trade area boasts a population exceeding 45,000, with an average household income over $100,000 within a 1-mile radius. This property offers a low-management, high-return investment opportunity with significant long-term potential. The asking price is $2,975,000. The property's parcel number is 01-144311-00804.