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2935 Parkwood Road, Jonesboro, AR

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2935 Parkwood Road

Jonesboro, AR 72401

Property Type:Retail Sub Type:- Status:Existing Year Built:2013
Building Size:8,250 SF Land Area:.17 AC (7,501 SF)
For Sale Price:$2,889,231 Price/SF:$350.21
Cap Rate:6.50 %

Sale Notes:
This 8,250 SF NNN Leased Retail Strip Center is part of the Fairgrounds Retail Development. Situated on Parkwood, directly off of Red Wolf Blvd, this property has exposure to more than 41,000 CPD on Red Wolf Blvd. The center features some very exciting tenants including Qdoba and Wings-to-Go. The neighboring retailers include Starbucks, On The Border, Sleep Number, Verizon, Panera Bread, Sissy' s Log Cabin, Uncle Maddio' s, Gigi' s Cupcakes, Cheddar' s Casual Cafe, Academy Sports, and many others.

This investment property offers an NOI of $204,000/YR at a CAP Rate of 6.5%. All three tenants have 10 year leases. Qdoba' s and Everyday Chef' s leases include rent bumps after year 5 and at each option.

Haag Brown Commercial
Josh Brown
(870) 336-8000

Nathan Eller
(870) 336-8000

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