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1605 Stadium Boulevard, Jonesboro, AR

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DetailMap
1605 Stadium Boulevard

Jonesboro, AR 72401


Property Type:Retail Sub Type:- Status:Existing Year Built:2013
Building Size:8,800 SF Land Area:1.52 AC (66,211 SF)
For Sale Price:$2,972,308 Price/SF:$337.76
Cap Rate:6.50 %
Features:Bus Line, Signage


This MODERN ARCHITECTURE Class A retail center is projected to be complete by August 2013. The buildout for this space will be a typical "vanilla shell." There are some very exciting tenants coming to this development, making this space some of the most desirable in our retail trade area.
Located along U.S. Highway 63 (soon to be Interstate 555), Jonesboro is the retail epicenter of Northeast Arkansas. Despite negative trends of other marketplaces nationwide, Jonesboro is one of only 26 cities in the 363 metropolitan statistical areas in the U.S. that has not only recovered jobs lost from the economy' s recent downfall but has added to them!
Jonesboro continues to be the primary bastion of growth and investment. Serving a trade area of over 500,000 people in almost twenty-four counties in Arkansas, Missouri and Tennessee, Jonesboro has steadily grown over 40% in size since 1990 and is estimated to maintain that same or greater level of growth over the next 20 years. With a 363,689 primary trade area population, Jonesboro clearly serves more than its 68,000 residents.
Jonesboro is also the home of the Arkansas State University Red Wolves, which is one of the fastest growing universities in Arkansas and becoming one of the Mid-South' s top institutions.
Currently, NEA Baptist is well into the development of their $400 million dollar health care facility, the largest health care investment in Arkansas in the last decade

Highlights:
- Sizes can be adjusted to fit tenant needs
- Modern Architecture
- Very exciting tenants coming to this development including Buffalo Wild Wings
- One of most desirable corners retail trade area
- Fronting on Stadium Boulevard
- The buildout for this space will be a typical "vanilla Shell'

Sale Notes:
This 8,800 sf nnn leased retail strip center is in the most desirable location in the Northeast Arkansas trade area. Situated on Red Wolf Blvd, this property has exposure to more than 41,000 cpd and access from both Red Wolf Blvd and Forrest Home Road. The center features some very exciting tenants including Great Clips, Fab' rik, Schlotzsky' s, and soon to be FedEx. Other neighboring retailers include Wal-Mart Neighborhood Market, Murphy USA, Hibachi Grill, Buffalo Wild Wings, Chili' s, Chick-fil-A, Olive Garden, and many others.

This investment property is 100% occupied and offers an NOI of $193,200/YR at a CAP Rate of 6.5%. This is ideal for the investor looking for a successful income property for decades to come..

Located along U.S. Highway 63 (soon to be Interstate 555), Jonesboro is the retail epicenter of Northeast Arkansas. Despite negative trends of other marketplaces nationwide, Jonesboro is one of only 26 cities in the 363 metropolitan statistical areas in the U.S. that has not only recovered jobs lost from the economy' s recent downfall but has added to them!

Jonesboro continues to be the primary bastion of growth and investment. Serving a trade area of over 500,000 people in almost twenty-four counties in Arkansas, Missouri and Tennessee, Jonesboro has steadily grown over 40% in size since 1990 and is estimated to maintain that same or greater level of growth over the next 20 years. With a 363,689 primary trade area population, Jonesboro clearly serves more than its 68,000 residents.

Jonesboro is also the home of the Arkansas State University Red Wolves, which is one of the fastest growing universities in Arkansas and becoming one of the Mid-South' s top institutions.

NEA Baptist is getting settled into their $400 million dollar health care facility, the largest health care investment in Arkansas in the last decade.


Haag Brown Commercial
Joshua Brown
(870) 336-8000

Nathan Eller
(870) 336-8000




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