Hobby Lobby Anchored Center - 100% Leased! | 1843 E Highland Dr
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Hobby Lobby Anchored Center - 100% Leased! 1843 E Highland Dr
99,662 SF 100% Leased Retail Building Jonesboro, AR 72401 $13,650,000 ($137/SF) 7.48% Cap Rate
Investment Highlights
- Long-Standing Retail Shopping Center Adjacent to Top Walmart Supercenter in Trade Area
- Located in the Epicenter of Jonesboro’s Retail Trade Area
- Investment is Priced Well Below Center Replacement Cost
- Anchored by High-Volume Hobby Lobby on a NEW 10-Year Lease
- Excellent Tenant Mix including Hobby Lobby, Shoe Carnival, Lucky’s Mattress & Furniture, & the VA Clinic
- Shopping Center is 100% Leased at Below National Market Rents
Executive Summary
Haag Brown Commercial is pleased to present the opportunity to purchase the Bernard Court Shopping Center in Jonesboro, Arkansas.
A staple along the E. Highland Dr. retail corridor, Bernard Court’s sustained success in Jonesboro can be attributed to its strategic location, 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 center’s prosperity, making it a coveted destination for shoppers & a valuable asset for investors.
Bernard Court consists of some of the most recognizable retailers in the trade area including Hobby Lobby, Shoe Carnival, Lucky’s Mattress & Furniture, and the VA Clinic.
Contact Haag Brown Commercial today to explore this RARE opportunity to own one of the most sought-after retail destinations in the region!
A staple along the E. Highland Dr. retail corridor, Bernard Court’s sustained success in Jonesboro can be attributed to its strategic location, 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 center’s prosperity, making it a coveted destination for shoppers & a valuable asset for investors.
Bernard Court consists of some of the most recognizable retailers in the trade area including Hobby Lobby, Shoe Carnival, Lucky’s Mattress & Furniture, and the VA Clinic.
Contact Haag Brown Commercial today to explore this RARE opportunity to own one of the most sought-after retail destinations in the region!
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
99,662 SF
Building Class
B
Year Built/Renovated
1993/2023
Price
$13,650,000
Price Per SF
$137
Cap Rate
7.48%
NOI
$1,021,465
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
8.18 AC
Zoning
C-3 - General commercial district
Parking
313 Spaces (3.14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,444,732 (2024) | |
| Land Assessment | $357,153 (2024) | Total Assessment | $1,801,885 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$357,153 (2024)
Improvements Assessment
$1,444,732 (2024)
Total Assessment
$1,801,885 (2024)
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Hobby Lobby Anchored Center - 100% Leased! | 1843 E Highland Dr
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