10 Year NN Lease Laundry Express
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2402 Phillips Drive
Jonesboro, AR 72401
Price:
$695,000
Building Size:
7,500 SF
Lot Size:
0.45 AC
Year Built:
1987
Broker(s):
Nathan Eller
Joshua Brown
Highlights
  • 7,500 SF Retail/Office/Warehouse Building in the Heart of Major Retail District
  • Building has Experienced a HUGE Renovation
  • EXCELLENT Investment for an Owner / Occupier
  • Express Laundromat has a 10 Year Lease on the front 2,500 SF
  • Up to 5,000 SF Available for Use
  • Building Can be Retrofit to Meet Any Tenant Need
  • Located Adjacent to a New $8MM Hotel
  • Immediately off of I-555
  • Great Location and Space for Storage/Warehousing
  • 2 Existing Overhead Doors for a Variety of Uses
Property Description
This 7,500 square foot retail/office/warehouse building is an unbelievable investment opportunity for any buyer that can occupy/use the property's 2,500 - 5,000 square feet of available space.

This site has been a staple along Phillips Drive, which connects the city’s two largest north/south retail thoroughfares - Caraway Road and Red Wolf Boulevard, for a number of years. Located directly off of I-555 and adjacent to Jonesboro's newest hotel, the $8MM Comfort Suites, this property has exposure to over 32,000 cars per day.

Over the past few months, the building has undergone a HUGE renovation and added a new longterm tenant. Laundry Express, a locally owned, state-of-the-art laundry service facility, has a 10 year lease on the building's front 2,500 square feet.

The property’s remaining 5,000 SF can be used or leased for additional income. Divided into (2) 2,500 square foot spaces, each bay features a 10’x12' overhead door, interior sheet rocked walls, and exposed high ceilings. The space is versatile and can be retrofit to meet any tenant’s needs.