3101 E Highland Dr - Freestanding FOR SALE


Jonesboro, AR 72401
$2,475,000 USD
949-724-5552
3101 E Highland Dr, Jonesboro, AR for Sale
$2,475,000 USD
Freestanding - FOR SALE
1/5
null | 9% Cap Rate

3101 E Highland Dr
Jonesboro, AR 72401


HIGHLIGHTS

  • Located approx. 1-mile from Arkansas State University - Over 15,000 Students
  • Corporate Guaranteed lease with Kirkland’s, Inc.- New Lease Extension – 10 Years in Primary Term
  • 2% Annual Rent Increases – Inflation Resistant
  • New 20 Year Roof Warranty in Place Since 2021
  • Located Just Off Main Highway Intersections of Red Bluff Blvd. and E. Highland Dr. (Over 50,845 VPD)
  • Newly Redeveloped Store in 2021 - 9,030 SF building on 0.98 Acre Parcel

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire the single tenant, corporate guaranteed lease Kirkland’s in Jonesboro, AR. Kirkland’s Home operates over 340 Locations across 35 states, employs over 4,000 team members and had over $560M in sales in 2021. Exhibiting the strength of this location, the tenant has recently extended the lease for an additional 10 years with 2% annual rental increases, two 5-year option periods, limited landlord responsibilities (structure only), and a corporate guarantee making this asset is ideal for an investor seeking years of inflation resistant cash flows.

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kirkland's - 10 Year Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

x

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

-

APN/PARCEL ID

01-144281-01000

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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