For Sale
$1,250,000

2502 Stadium BlvdJonesboro, AR 72401

Fully Leased, High-Return Potential

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional mixed-use property, located at 2502 Stadium Blvd in Jonesboro, Arkansas, presents a compelling investment opportunity. The 5,352 square foot building sits on a 0.53-acre lot and boasts a strong 100% occupancy rate across four units. The property is classified as Class B and features a mix of tenants including two office spaces, a nail salon, and a Domino's Pizza restaurant. The diverse tenant mix ensures a stable income stream, further enhanced by long-term leases in place for the nail salon and Domino's. The nail salon lease, a triple net (NNN) agreement, was recently executed in 2023 for a seven-year term. Significant improvements were completed in 2023, including a new roof and parking lot repairs, minimizing future capital expenditures. The asking price is $1,250,000, translating to a price per square foot of $233.56. The property's single-story design and convenient location in Craighead County, Arkansas (zip code 72401), contribute to its overall appeal. This is a rare opportunity to acquire a fully leased, well-maintained mixed-use property with a proven track record of success and significant upside potential. The property's APN is 01-144281-19500. The gross lease structure simplifies management, making this an ideal investment for both seasoned and emerging investors seeking a stable and profitable addition to their portfolio.

Highlights

  • Exceptional mixed-use property in Jonesboro, AR, offering a strong investment opportunity.
  • 5,352 SF building on a 0.53-acre lot with 100% occupancy.
  • Class B building with a diverse tenant mix including office, nail salon, and Domino's Pizza.
  • Long-term leases in place, including a new 7-year NNN lease for the nail salon (2023).
  • Recent improvements (2023) include a new roof and parking lot repairs.
  • Asking price: $1,250,000 ($233.56/SF).

Property Details for 2502 Stadium Blvd

Property type
Office properties, Mixed-use properties
Square Feet
5,352 SF
Class
B
Stories
1
Lot Size (sq. ft)
23,087 SF
Units
4

Location Insight

City
Jonesboro
County
Craighead
State
Arkansas
Latitude
35.814435
Longitude
-90.6686342
2502 Stadium Blvd, Jonesboro, Arkansas

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2502 Stadium Blvd
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