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2600 Fair Park Boulevard - Plato's Closet Retail Center at Intersection, Jonesboro, AR

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2600 Fair Park Boulevard - Plato's Closet Retail Center at Intersection

Jonesboro, AR 72401-5427


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2016
Building Size:10,000 SF Land Area:1.32 AC (57,499 SF)
For Sale Price:$2,083,000 Price/SF:$208.30
Cap Rate:7.00 %
Parking:Free Surface spaces are available; Ratio of 8/1,000 SF
Features:Pylon Sign, Signage



Sale Notes:
This 10,000 SF Fully Leased Retail Center is next to the Fairgrounds Retail Development. Situated at the signaled corner of Race Street and Fair Park Blvd, this property offers great in and out access. The center features some very exciting tenants on 7 year leases including Plato' s Closet and Style Encore. The neighboring retailers include Kohl' s, FFO Home, Tractor Supply, Sonic, Sumo Japanese Steakhouse, Starbucks, On The Border, and many others.

The property is being offered for $2,157,000 at a 7.0% CAP rate. Both leases in place are seven year leases and offer options for the tenants to renew. Style Encore will be taking their space in May of 2017.

Haag Brown Commercial
Josh Brown
(870) 336-8000

Nathan Eller
(870) 336-8000




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