1843-A E. Highland Dr.
Jonesboro, AR 72401
Jonesboro, AR 72401
Price:
$8,500,000
Cap Rate:
7.00%
Building Size:
60,934 SF
Lot Size:
7.52 AC
Broker(s):
Zac Qualls
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Highlights
- Commitment to Site: 30+ year history at current location
- Access: Multiple access points from E. Highland Dr., Bernard St, & Browns Ln.
- Visibility: Exposure to over 25,000 cars per day
- Recent exterior facade improvements
- Adjacent to high-volume Walmart Supercenter
- Located within the primary trade area of the city
- NEW 10-year lease w/ renewal options
- Ownership of Property will be Conveyed via a Horizontal Property Regime (HPR)
Property Description
Haag Brown Commercial is pleased to present the opportunity to purchase a strong performing Hobby Lobby (the Property) in Jonesboro, Arkansas. A staple in the E. Highland Dr. retail corridor, Hobby Lobby has occupied their space since 1992 & has recently showed their commitment to the site by executing a new Ten (10) year lease through February 2034.
Hobby Lobby's sustained success in Jonesboro can be attributed to its strategic location along E. Highland Dr., an area synonymous with retail excellence. The property's proximity to major recognizable retailers including Walmart, Kroger, Target, Ross, Lowe's, Hollywood Feed, and many others along with its positioning within a high-traffic area have contributed significantly to the store's prosperity, making it a coveted destination for shoppers & a valuable asset for investors.
Contact Haag Brown Commercial today to explore this RARE opportunity to own one of the most sought-after retail destinations in the region!
