1843 E Highland Dr - Storefront FOR SALE


Jonesboro, AR 72401
$13,650,000 USD
870-284-4448
1843 E Highland Dr, Jonesboro, AR for Sale
$13,650,000 USD
Storefront - FOR SALE
1/7
null | 7.48% Cap Rate

1843 E Highland Dr
Jonesboro, AR 72401


HIGHLIGHTS

  • Long-Standing Retail Shopping Center Adjacent to Top Walmart Supercenter in Trade Area
  • Anchored by High-Volume Hobby Lobby on a NEW 10-Year Lease
  • Located in the Epicenter of Jonesboro’s Retail Trade Area
  • Excellent Tenant Mix including Hobby Lobby, Shoe Carnival, Lucky’s Mattress & Furniture, & the VA Clinic
  • Investment is Priced Well Below Center Replacement Cost
  • Shopping Center is 100% Leased at Below National Market Rents

OVERVIEW

Haag Brown Commercial is pleased to present the opportunity to purchase the Bernard Court Shopping Center in Jonesboro, Arkansas. A staple along the E. Highland Dr. retail corridor, Bernard Court’s sustained success in Jonesboro can be attributed to its strategic location, an area synonymous with retail excellence. The property’s proximity to major recognizable retailers including Walmart, Kroger, Target, Ross, Lowe’s, Hollywood Feed, and many others along with its positioning within a high-traffic area have contributed significantly to the center’s prosperity, making it a coveted destination for shoppers & a valuable asset for investors. Bernard Court consists of some of the most recognizable retailers in the trade area including Hobby Lobby, Shoe Carnival, Lucky’s Mattress & Furniture, and the VA Clinic. Contact Haag Brown Commercial today to explore this RARE opportunity to own one of the most sought-after retail destinations in the region!

FOR SALE DETAILS

PRICE

$13,650,000 USD

PRICE/SF

$1,806 USD /SF

CAP RATE

7.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hobby Lobby Anchored Center - 100% Leased!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

313

LAND DETAILS

LAND ACRES

8.18 AC

LAND SF

356,321 SF

ZONING

C-3

APN/PARCEL ID

01-144291-05800

ASK ABOUT THIS PROPERTY

Zac QuallsHaag Brown CommercialMore Info
870-284-4448

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Zac QuallsHaag Brown CommercialMore Info
870-284-4448

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