New Construction :: 10-YR Majewski Plastic Surgery Center
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2241 Hill Park Cove
Jonesboro, AR 72401
Price:
$2,636,000
Cap Rate:
6.00%
Building Size:
6,390 SF
Lot Size:
0.97 AC
Year Built:
2017
Broker(s):
Joshua Brown
Nathan Eller
Highlights
  • Part of The Reserve at Hill Park
  • Extremely Successful Business
  • Surrounded by Significant New Development
  • Rare Opportunity to Own Medical Investment
  • Almost 8 Yrs Remaining on Initial Lease
  • Most Desirable Medical & Office Area in NEA
Property Description
This new 6,390 SF surgery center was the first of what has turned into many projects at The Reserve at Hill Park. The property has a 10 year initial term lease in place expiring on June 30, 2027. There are two, five year options with 10% increases at each option.

This investment is surrounded by new construction, high- end, modern architecture professional office and medical buildings including: Arkansas Rheumatism and Associates, Ritter Corporate Headquarters, Jones & Company, and Haag Brown Commercial Real Estate & Development. The projects currently under construction surrounding this property include: Stonebridge Construction, Pain Treatment Centers of America, Family Physicians of Jonesboro, and the new Ritter Data Center.

This Surgery Center is located on the most prestigious office and medical real estate in Northeast Arkansas. We anticipate this will be the most coveted real estate in Jonesboro for a long time.