3106 Southwest Drive - Retail FOR SALE


Jonesboro, AR 72404
$8,250,000 USD
870-336-8000
3106 Southwest Drive, Jonesboro, AR for Sale
$8,250,000 USD
Retail - FOR SALE
1/10
null | 7.15% Cap Rate

3106 Southwest Drive
Jonesboro, AR 72404


HIGHLIGHTS

  • Commanding location at the intersection of Hwy 49 & I-555 – one of Northeast Arkansas’ most visible, heavily trafficked corners
  • Full-scale redevelopment with stunning architecture, upgraded facades, and exceptional curb appeal
  • Anchored by established tenants: Workout Anytime (2nd location), Ritter Communications (2nd location), Jenni Nails, HomeTronix, and Quintessential Lig
  • 35,000+ vehicles per day with multiple access points and digital monument signage
  • Priced well below replacement cost with a stable tenant mix and attractive cap rate
  • (2) additional expansion opportunities available

OVERVIEW

Haag Brown Commercial is excited to bring The Shops atmParker, a new 46,000 sq. ft. re-development located at the heavily trafficked and signalized intersection of Southwest Drive & Parker Road, to market for SALE! The building, formerly a grocery store, has been completely revamped and offers classy modern architecture, aesthetically pleasing storefronts and facades, an abundance of parking with islands of green space & landscaping & digital monument signage along Southwest Drive. The Shops at Parker offers an exciting tenant mix which includes Workout Anytime (2nd location), Ritter Communications (2nd location), Jenni Nails, HomeTronix, & Quintessential Lighting. With exposure to over 35,000+ cars per day, multiple access points, a high quality tenant mix, beautifully designed exterior facades and an abundance of parking, this is an ideal investment for buyers looking for a reliable source of passive income.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare Invest. Opportunity: The Shops @ Parker

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

199

LAND DETAILS

LAND ACRES

6 AC

LAND SF

261,360 SF

ZONING

C-3

APN/PARCEL ID

01-143361-02500

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 Notice.