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1150 Matthews Ave
Jonesboro, AR 72401
Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Occupied by one of the largest employers in the Region, St. Bernard's Medical.
  • St. Bernard's Has three year options remaining on lease.
  • Located in a fully occupied, .multi-story, class A medical facility.
  • Rent increases at a rate of 3% upon each exercised option.

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
15,000 SF
Building Class
B
Year Built
2006
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,360 SF
Building FAR
0.44
Lot Size
0.78 AC
Zoning
C - Commercial
Parking
50 Spaces (3.33 Spaces per 1,000 SF Leased)

ABOUT 1150 MATTHEWS AVE , JONESBORO, AR 72401

St Bernard's recently occupied this space for their new compounding facility. Not only do they bring value as an overall Tenant, but they are doing something that not many others do in the area. The space is completely renovated and updated. The multi-level medical facility is home to a many elite medical specialists in the area. Located along Interstate 555, Jonesboro is the retail epicenter of Northeast Arkansas. Despite negative trends of other marketplaces nationwide, Jonesboro is one of only 26 cities in the 363 metropolitan statistical areas in the U.S. that has not only recovered jobs lost from the economy' s recent downfall but has added to them! Jonesboro continues to be the primary bastion of growth and investment. Jonesboro has steadily grown over 40% in size since 1990 and is estimated to maintain that same or greater level of growth over the next 20 years. Jonesboro is also the home of the Arkansas State University Red Wolves, which is one of the fastest growing universities in Arkansas and becoming one of the Mid-South' s top institutions. NEA Baptist recently opened their $400 million dollar health care facility, the largest health care investment in Arkansas in the last decade. Also, St. Bernards Regional Medical Center is under way on their own $130 Million dollar master planned renovation.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-144173-23303
  • 01-144173-23304
  • 01-144173-23305
  • 01-144173-23301
  • 01-144173-23302
  • 01-144173-23306
Land Assessment
$271,620
Improvements Assessment
$771,871
Total Assessment
$1,043,491
  • Listing ID: 15293557

  • Date on Market: 2/27/2019

  • Last Updated:

  • Address: 1150 Matthews Ave, Jonesboro, AR 72401

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