3606 Johnson ave - Retail FOR SALE


Jonesboro, AR 72401
$2,867,000 USD
650-678-7200
3606 Johnson ave, Jonesboro, AR for Sale
$2,867,000 USD
Retail - FOR SALE
1/1
null | 6% Cap Rate

3606 Johnson ave
Jonesboro, AR 72401


HIGHLIGHTS

  • 10-year corporate lease featuring 10% rental increases every 5 years throughout the base term and options
  • 2025 build-to-suit construction to tenant’s latest prototype
  • Lease is backed by tenant’s parent company – The Sherwin-Williams Company
  • Subject property features significant frontage on E Johnson Ave – 32,000+ VPD
  • Nearby NEA Baptist Memorial Hospital is a 228-bed facility that employs roughly 1,870 local medical professionals and support staff
  • Just 2 miles from Arkansas State University – ~15,000 students

OVERVIEW

A corporate net leased Sherwin Williams with a 10-year base term lease featuring 10% rental increases every 5 years and five, 5-year extension options with the same escalators. The subject property benefits from having significant frontage on E Johnson Avenue, being exposed to over 32,000 vehicles per day.

FOR SALE DETAILS

PRICE

$2,867,000 USD

PRICE/SF

$632 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin Williams

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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