Well Established Retail Development At Focal Point of Market
Email
2010 S. Caraway Road
Jonesboro, AR 72401
Price:
$26,500,000
Building Size:
247,870 SF
Lot Size:
21.00 AC
Year Built:
1979
Broker(s):
Joshua Brown
Nathan Eller
Highlights
  • First Time This Investment Has Ever Been On the Market!!!
  • Long Standing Staple at the Signalized Intersection of Highland Drive and Caraway Road
  • Exposure to 44,000 CPD
  • Situated on More than 21 AC - Room for Expansion
  • Includes 190,000+ SF Retail Center and (4) Restaurant Out Parcels
  • Ownership Has Added 6 Highly Sought After Tenants in 2 Years
Property Description
Haag Brown Commercial has an extremely rare opportunity to bring the Highland Square shopping center to the market for the first time since the building was constructed. This development has been a staple at the signalized intersection of Highland Drive and Caraway Road, the city's primary center of trade, for decades. The property has exposure to over 44,000 cars per day and is highly recognized by the 550,000 consumers that frequent Jonesboro.

This development is strategically placed in between the market's dominant Walmart Super Center and The Mall at Turtle Creek, the only enclosed shopping center within a 75 mile radius. It is also in close proximity to Kroger Marketplace, Sam’s Club, Hobby Lobby, Burlington Coat Factory and Lowes and sits less than 3/4 of a mile from Interstate 555.

The 21+ acre property includes a 192,537 square foot shopping center, which is home to multiple retailers such as Cato Fashions, Barton's Home Improvement, Sally's Beauty Supply, Cato Fashions, and Trees and Trends. Kmart was the center's original anchor, occupying the 82,000+ square foot northern end-cap. Within the last 2 years, the space has been completed renovated and Haag Brown Commercial has added (4) brand new tenants: Ross, Tuesday Morning, Bargain Hunt and Play It Again Sports. The property also features (4) restaurant out-pads occupied by Taco Bell, KFC, Golden Corral, and a popular soon-to-be-announced fast food restaurant.

This development continues to benefit from its unparalleled location. It has adapted with the growth of the surrounding area by steadily adding value. The large tract itself only enhances that value, giving plenty of room for parking, future expansion or additional retail development. All these factors ensure this will be a profitable investment for years to come.
Close