2010 Caraway Rd Jonesboro, AR 72401

This exceptional 247,870 square foot shopping center in Jonesboro, Arkansas, presents a rare investment opportunity. Situated on over 21 acres at the highly visible intersection of Highland Drive and Caraway Road, this property boasts a 96.6% occupancy rate with 12 tenants, including Ross, Tuesday Morning, Bargain Hunt, and Play It Again Sports. The center benefits from over 44,000 cars passing daily and is strategically located between a Walmart Supercenter and The Mall at Turtle Creek. Four outparcels house Taco Bell, KFC, Golden Corral, and a soon-to-be-announced fast-food restaurant. Built in 1979 and extensively renovated in 2019, the property features four one-story buildings with 1,100 parking spaces. The asking price is $26,500,000, representing a price per square foot of $124.51 and a 5.63% cap rate with a Net Operating Income (NOI) of $1,491,663. The land value is $28.97 per square foot. This NNN-leased, multi-tenant property offers significant potential for future growth and expansion due to its size and prime location near Interstate 555. The property is zoned for commercial use and has APNs: 01-144282-00700, 01-144282-00900, 01-144282-00100, 01-144282-01200, 01-144282-00800, 01-144282-02300, 01-144282-01100, 01-144282-03500, 01-144282-01000. This is a for-sale-by-owner listing.