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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


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 $2,083,000 at a 7.25% 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.

Located along 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:
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 $2,083,000 at a 7.25% 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.

Located along 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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