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309 Southwest Drive - Free Standing Club Tan, Jonesboro, AR

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DetailMap
309 Southwest Drive - Free Standing Club Tan

Jonesboro, AR 72401-5854


Property Type:Retail Sub Type:- Status:Existing Year Built:-
Building Size:4,000 SF Land Area:.7 AC (30,492 SF)
For Sale Price:$875,000 Price/SF:$218.75
Cap Rate:7.50 %


This 4,000 SF building is situated on one of Jonesboro's main thoroughfares connecting HWY 49 to Downtown. Club Tan has occupied the building since it was built more than 10 years ago. They will be signing a new lease at closing.

This income producing property offers a rare opportunity to own a modern real estate investment on Southwest Drive.

We have seen a substantial growth in new development over the past couple years take place here with the new First Community Bank, Kum and Go, Iberia Bank, Starbucks, CVS, McDonalds, and Dairy Queen.
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 4,000 SF building is situated on one of Jonesboro's main thoroughfares connecting HWY 49 to Downtown. Club Tan has occupied the building since it was built more than 10 years ago. They will be signing a new lease at closing.

This income producing property offers a rare opportunity to own a modern real estate investment on Southwest Drive.

We have seen a substantial growth in new development over the past couple years take place here with the new First Community Bank, Kum and Go, Iberia Bank, Starbucks, CVS, McDonalds, and Dairy Queen.

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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