Newly Developed C-Store/Carwash
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2305 S. Caraway Road
Jonesboro, AR 72401
Price:
$5,500,000
Cap Rate:
6.50%
Building Size:
12,340 SF
Lot Size:
1.82 AC
Broker(s):
Zac Qualls
Nathan Eller
Highlights
  • Near Major Signalized Intersection
  • Great Access from 2 Roads
  • Convenient Corner Location
  • Located Along One of Main North/South Thoroughfares
  • Exposure to 23,000 Cars Per Day
  • Newly Developed C-Store/Car Wash (2020)
Property Description
This newly redeveloped c-store/carwash opportunity is located along one of Jonesboro's main North/South arteries, Caraway Road, just yards away from the signalized intersection of Caraway Road and Race Street. Seller is the owner/operator of the store and is wanting to do a sale-leaseback with the property.

The property is a natural outparcel of Sam's Club and is encompassed by several local and national restaurant and retail establishments such as IHOP, McAlister's, Liberty Bank, and Fred's, as well as, several professional offices, like Morgan Stanley. The Bernard Court Shopping Center, which includes Hobby Lobby, Shoe Carnival, and a Super Wal-Mart, sits less than 520 yards behind the property.

This location benefits the property by being highly visible. With frontage on Caraway Road, the site has excellent exposure to drive-by traffic counts which average approximately 23,000 cars per day. The site can be directly accessed from both Caraway Road and Fowler Avenue.