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1,584 SF Bank/Office/Med Building @ Hilltop 5205 E Johnson Ave
1,584 SF of Retail Space Available in Jonesboro, AR 72401
Highlights
- Former Arvest Bank Branch
- Exposure to Over 23,000 Cars Per Day
- Bank Deed Restriction Has Expired - GREAT Opportunity for a Bank Location @ Hilltop
- Excellent Curb Appeal & Visibility to Highway 49 North
- Within Minutes to NEA Baptist Hospital Campus
- Building is Available FOR LEASE & FOR SALE
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,584 SF | Negotiable | $18.00 /SF/YR $1.50 /SF/MO $28,512 /YR $2,376 /MO | Triple Net (NNN) |
1st Floor
Check with agent for details
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Bank
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 5205 E Johnson Ave , Jonesboro, AR 72401
| Property Type | Retail | Gross Leasable Area | 1,584 SF |
| Property Subtype | Storefront Retail/Office | Year Built | 2015 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 1,584 SF |
| Year Built | 2015 |
About the Property
Formerly the home of an Arvest Bank branch, this 1,584 SF building would be ideal for any user needing office or retail space in the hilltop area of northern Jonesboro, Arkansas. The building, sitting on an approx. 0.51 AC corner lot of E. Johnson Ave. & Oriole Dr., has excellent curb appeal & exposure to approx. 23,000 cars per day. The former bank branch has several interior offices, lobby/reception area, large work area, & a restroom. This could be a great opportunity to convert the use to a class A office, medical space, or a banking facility. ** PLEASE NOTE: The land and building shall not be used as an office, branch, or automatic teller machine of a bank, savings & loan, savings bank, thrift, credit union or other insured depository entity in the business of lending money; a mortgage company; or an office of any insurance or securities company or agency owned by a state or federal bank or savings and loan which operates one or more branch facilities in Craighead County, Arkansas. Such restriction shall run with the land but shall become null and void following the expiration of one (1) year from September 21, 2023.
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1,584 SF Bank/Office/Med Building @ Hilltop | 5205 E Johnson Ave
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