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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:$1,175,000 Price/SF:$209.82
Cap Rate:8.49 %
Parking:Free Surface spaces are available; Ratio of 3.15/1,000 SF
Features:Signage, Drive Thru


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 $1,275,000 at a 7.25% proforma CAP rate. The current 2 leases in place have more than 4 years remaining with two, three year options.

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 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 $1,175,000 at a 8.5% proforma CAP rate. The current 2 leases in place have more than 4 years remaining with two, three year options.

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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