1843A E Highland Dr - Storefront FOR SALE


Jonesboro, AR 72401
$8,500,000 USD
870-284-4448
1843A E Highland Dr, Jonesboro, AR for Sale
$8,500,000 USD
Storefront - FOR SALE
1/5
null | 6.99% Cap Rate

1843A E Highland Dr
Jonesboro, AR 72401


HIGHLIGHTS

  • NEW Ten (10) Year Lease Through February 2034
  • 30+ Year Lease Commitment at the Property
  • Adjacent to TOP Walmart Supercenter in the Area
  • Multiple Access Points & Exposure to 20,000+ Cars Per Day via E. Highland Dr.
  • RARE Investment Ownership Opportunity
  • Ownership of Property will be Conveyed via a Horizontal Property Regime (HPR)

OVERVIEW

Haag Brown Commercial is pleased to present the opportunity to purchase a strong performing Hobby Lobby (the Property) in Jonesboro, Arkansas. A staple in the E. Highland Dr. retail corridor, Hobby Lobby has occupied their space since 1992 & has recently showed their commitment to the site by executing a new Ten (10) year lease through February 2034. Hobby Lobby's sustained success in Jonesboro can be attributed to its strategic location along E. Highland Dr., 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 store's prosperity, making it a coveted destination for shoppers & a valuable asset for investors. 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

$8,500,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

6.99%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hobby Lobby (Investment Sale)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.52 AC

LAND SF

327,571 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.