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2815 Race Street - Brand New Retail Center Off Red Wolf, Jonesboro, AR

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2815 Race Street - Brand New Retail Center Off Red Wolf

Jonesboro, AR 72401-7322

Property Type:Retail Sub Type:- Status:Existing Year Built:2016
Building Size:5,600 SF Land Area:1.55 AC (67,518 SF)
For Sale Price:$1,275,000 Price/SF:$227.68
Cap Rate:7.25 %
Parking:Free Surface spaces are available; Ratio of 3.15/1,000 SF
Features:Signage, Drive Thru

Sale Notes:
This 5,600 SF Retail Center is next to the Fairgrounds Retail Development. Situated on Race Street, directly off Fair Park Blvd and Red Wolf Blvd, this property has exposure to more than 50,000 CPD combined on Red Wolf Blvd and Race. The center features some very exciting tenants including 1812 Pizza Company and Legendary Supplements. The neighboring retailers include Kohl' s, FFO Home, Plato' s Closet, Tractor Supply, Sonic, Sumo Japanese Steakhouse, Starbucks, On The Border, and many others.
The property is being offered for $1,375,000 at a 7.25% CAP rate. All 3 leases in place have more than 4 years remaining with two, three year options.

Haag Brown Commercial
Josh Brown
(870) 336-8000

Nathan Eller
(870) 336-8000

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