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2500 Alexander Drive - Christian Creek Commons, Jonesboro, AR

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DetailMap
2500 Alexander Drive - Christian Creek Commons

Jonesboro, AR 72401


Property Type:Retail Sub Type:- Status:Existing Year Built:2009
Building Size:11,810 SF Land Area:7.47 AC (325,393 SF)
For Sale Price:$1,729,368 Price/SF:$146.43
Cap Rate:9.50 %
Parking:Free Surface spaces are available; Ratio of 5.75/1,000 SF
Features:Pylon Sign, Signage


Christian Creek is a newly constructed business office park located along I-555 across the interstate from a large Wal-Mart Super Center. Not only does the development offer elegant class A office space, but is set in a quite wooded environment with excellent highway visibility.

This 11,810 square foot building sits at the front of the office park. The building is fully leased to six office or retail tenants, making it ideal for an investor searching for a class A office building investment in Jonesboro, AR.

The Landlord is responsible for Real Estate Taxes, Insurance, and their share of the CAM. The gross income on this property is $177,480/yr with an NOI of $164,290/yr.

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.

Sale Notes:
Christian Creek is a newly constructed business office park located along I-555 across the interstate from a large Wal-Mart Super Center. Not only does the development offer elegant class A office space, but is set in a quite wooded environment with excellent highway visibility.

This 11,810 square foot building sits at the front of the office park. The building is fully leased to six office or retail tenants, making it ideal for an investor searching for a class A office building investment in Jonesboro, AR.

The Landlord is responsible for Real Estate Taxes, Insurance, and their share of the CAM. The gross income on this property is $177,480/yr with an NOI of $164,290/yr.

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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