3009 Highland DrJonesboro, AR 72401

Property Details for 3009 Highland Dr

Lot size

1.35 AC

Property size (Sq ft)

11,324 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

01-144281-00800

APU

114428100800

Description

This exceptional 5,200 square foot retail space presents a rare leasing opportunity in a vibrant Jonesboro, Arkansas retail center. Located at 3009 E Highland Dr, 72401, this storefront enjoys a highly visible corner location at the intersection of Red Wolf Blvd and Highland Dr, benefiting from exposure to over 60,000 vehicles daily. The property offers convenient access from Red Wolf Blvd to the west, Highland Dr to the north, and Dayton Ave to the south. This nearly 25,000 square foot center boasts a strong tenant mix, including anchor stores PetSmart and Skechers. Additional co-tenants within the center include T-Mobile, SportSlips, Diva Nail & Spa, and Mai Pai Thai Cuisine. The property's prime location is further enhanced by its proximity to a variety of popular restaurants and retailers such as Five Guys, Cheddar's Scratch Kitchen, Ulta Beauty, Kirklands, Olive Garden, AT&T, Chili's, Target, Dillard's, and JC Penney. This space is ideal for a business seeking high visibility and strong foot traffic in a thriving retail environment. The property is classified as a multi-tenant retail storefront.

• CAP approach

  CAP return

  Valuation

  6%

  $3,804,986

  6.5%

  $3,512,295

  7%

  $3,261,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,224,704

  Geo Method

  $2,224,704

• Alternative Use

  Use

  Valuation

  Residential

  $2,962,752

  Hospitality

  $2,713,865

  Educational

  $2,257,904

  Medical

  $2,335,556

  Retail

  $3,512,295

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.8207

Longitude

-90.6683

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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