Hobby Lobby (Investment Sale) | 1843A E Highland Dr
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Hobby Lobby (Investment Sale) 1843A E Highland Dr
60,934 SF 100% Leased Retail Building Jonesboro, AR 72401 $8,500,000 ($139/SF) 6.99% Cap Rate
Investment Highlights
- NEW Ten (10) Year Lease Through February 2034
- Adjacent to TOP Walmart Supercenter in the Area
- RARE Investment Ownership Opportunity
- 30+ Year Lease Commitment at the Property
- Multiple Access Points & Exposure to 20,000+ Cars Per Day via E. Highland Dr.
- Ownership of Property will be Conveyed via a Horizontal Property Regime (HPR)
Executive Summary
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!
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!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
60,934 SF
Building Class
B
Year Built/Renovated
1993/2023
Price
$8,500,000
Price Per SF
$139
Cap Rate
6.99%
NOI
$594,107
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Land Acres
7.52 AC
Zoning
C-3
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-144291-05800 | Improvements Assessment | $1,354,417 |
| Land Assessment | $285,873 | Total Assessment | $1,640,290 |
PROPERTY TAXES
Parcel Number
01-144291-05800
Land Assessment
$285,873
Improvements Assessment
$1,354,417
Total Assessment
$1,640,290
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Hobby Lobby (Investment Sale) | 1843A E Highland Dr
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