2002-2220 S Caraway Rd - Retail FOR SALE


Jonesboro, AR 72401
$26,500,000 USD
870-336-8000
2002-2220 S Caraway Rd, Jonesboro, AR for Sale
$26,500,000 USD
Retail - FOR SALE
1/9
null | Request Cap Rate

2002-2220 S Caraway Rd
Jonesboro, AR 72401


HIGHLIGHTS

  • Long Standing Staple at the Largest Regional Intersection in Jonesboro
  • Exposure to 44,000 CPD w/ Multiple Access Points to Caraway Rd. & E. Highland Dr.
  • Situated on More Than 21 AC - Room For Expansion
  • Includes 190,000+ SF Retail Center and (4) Restaurant Out Parcels
  • Regional Shopping Destination that has been a Staple in Jonesboro for Decades!

OVERVIEW

Haag Brown Commercial has an extremely rare opportunity to bring the Highland Square shopping center to the market. This development has been a staple at the signalized intersection of Highland Drive and Caraway Road, the city's primary center of trade, for decades. The property has exposure to over 44,000 cars per day and is highly recognized by the 550,000 consumers that frequent Jonesboro. Highland Square is strategically placed, surrounded by the top grocer in the market, Kroger Marketplace, the market's dominant Walmart Super Center, & the most recent redevelopment, The Uptown. It is also close in proximity to Sam's Club, Hobby Lobby, Burlington Coat Factory, Lowe's, & sits less than 3/4 of a mile from Interstate 555. The 21+ acre property includes a 192,537 square foot shopping center, which is home to multiple retailers such as Cato Fashions, Barton's Home Improvements, Sally's Beauty Supply, and Trees & Trends. Kmart was the center's original anchor, occupying the 82,000+ square foot northern end-cap. Within the last 6 years, the space has been completely renovated & Haag Brown Commercial has added brand new tenants, including Ross, Micheal's, & Play It Again Sports. The property also features (4) restaurant out-pads occupied by Taco Bell, KFC, Golden Corral, & Freddy's Frozen Custard & Steakburgers. This development continues to benefit from its unparalleled location. It has adapted with the growth of the surrounding areas by steadily adding value. The large tract itself only enhances that value, giving plenty of room for parking, future expansion or additional retail development. All these factors ensure this will be a profitable investment for years to come.

FOR SALE DETAILS

PRICE

$26,500,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highland Square Shopping Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

204

LAND DETAILS

LAND ACRES

3.48 AC

LAND SF

151,590 SF

ZONING

Commercial

APN/PARCEL ID

01-144282-00800

ASK ABOUT THIS PROPERTY

Nathan EllerHaag Brown CommercialMore Info
870-336-8000

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Nathan EllerHaag Brown CommercialMore Info
870-336-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.