High-Quality Retail Center in Strong Growth Area
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2815 Race Street
Jonesboro, AR 72401
Price:
$1,486,600
Cap Rate:
6.25%
Building Size:
5,600 SF
Lot Size:
1.00 AC
Year Built:
2014
Broker(s):
Nathan Eller
Joshua Brown
Highlights
  • Fully Leased Center
  • 5,600 SF Modern Upscale Shop Building
  • Great Location Across from Fairgrounds Re-Development
  • A+ Retail Space at B Level Pricing
  • Surrounded by New Retail Development
  • Proven Tenant Success
Property Description
This 5,600 SF Retail Center is next to the Fairgrounds Retail
Development and the new Fair Park Development. Situated on
Race Street, directly off Fair Park Blvd and Red Wolf Blvd, this
property has exposure to more than 50,000 CPD combined on
Red Wolf Blvd and Race. The center features some very exciting
tenants including 1812 Pizza Company, Legendary Supplements,
and Tallulah Pools. The neighboring retailers include Kohl’s,
American Freight, Plato’s Closet, Tractor Supply, Sonic, Sumo
Japanese Steakhouse, Starbucks, On The Border, and many others.
The property is being offered for $1,486,600 at a 6.25% CAP
rate. All 3 leases in place have proven their success and have
been long-term tenants. This is a rare opportunity to own a
class A property in a primary retail district for under $1.5MM.