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1802 First Security Way
Jonesboro, AR 72401
Wendy’s · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Brand New Construction – Expected to Open September 2019
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3
  • Brand New 20-Year Sale Leaseback
  • Arkansas State University is Just Two Miles Away | Enrolls More Than 14,000 Students Each Semester
  • Meritage Hospitality Group is an Experienced 318 Unit Operator

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
1,547 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.62 AC
Zoning
C - General commercial use
Parking
14 Spaces (7.15 Spaces per 1,000 SF Leased)
Frontage
122’ on East Johnson Avenue

AMENITIES

  • Restaurant
  • Drive Thru

ABOUT 1802 FIRST SECURITY WAY , JONESBORO, AR 72401

This Wendy’s property is located at 1802 First Security Way in Jonesboro, Arkansas. Jonesboro is among the largest cities in the state of Arkansas. Form a triangle by connecting Little Rock, St. Louis, and Memphis, and you’ll see Jonesboro stands out as the largest metropolitan city in what amounts to a 17,000 square-mile triangle area. The Jonesboro region is a proven leader in a number of categories attractive to business including geography, favorable climate, viable economy, advantageous tax structure, affordable housing, low crime rate, growing medical community, opportunity for education, expanding retail and industrial community, recreational opportunities, cultural, sports and civic organizations. SURROUNDING RETAIL & POINTS OF INTEREST The property is located along one of the highest traffic count roadways in Northeast Arkansas and is strategically located in the center of the regions largest employers. To the east is NEA Baptist Hospital (228-bed facility), to the west is Arkansas State University (14,000 students enrolled) and downtown is St. Bernard’s. Within immediate proximity of the property is the Greensborough Village, a new, mixed-use development project that will combine retail, commercial, office and other spaces with residential housing. Once completed, there will be at least 650,000 square feet of commercial/retail space, and more than 200 single-family homes. It’s estimated up to 2,500 people will live in the village once completed. With the lone exception of the main campus at Arkansas State University, Greensborough Village is destined to earn its place as the single largest development in the history of Jonesboro to date with a total project cost of $500 million by conservative estimates. TRAFFIC COUNTS & DEMOGRAPHICS This area has very strong demographics, with approximately 25,300 people residing within a three-mile radius and 55,000 people within a five-mile radius of this property. Within the immediate one-mile radius is an affluent population with average household income exceeding $78,000. This property is ideally situated on East Johnson Avenue, one of the main thoroughfare passing through the city. East Johnson Avenue experience average traffic counts of approximately 32,000 vehicles per day. JONESBORO, AR The City of Jonesboro is the county seat for Craighead County, which is located in northeast Arkansas. Today, Jonesboro has established itself as the perennial hub of Northeast Arkansas’ agricultural production. To the east lies the alluvial cotton delta and to the southwest is the fertile rice land. Large farms produce soybeans, rice, cotton, fish, and livestock. One of the world’s two largest rice mills, Riceland Rice, is located here. The city has not limited itself to agriculture. It is the trade, cultural, and medical center of a 7,000-square mile area. Because of its shopping centers, shops, restaurants, and other attractions, Jonesboro has become the major trade center for 500,000 people in northeast Arkansas and southeast Missouri. Jonesboro has a modern hospital, which has been serving the area since 1902. The Arkansas Services Center provides the area with the most extensive medical facilities available.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-144214-20600
Land Assessment
$1,142,072
Improvements Assessment
$688,708
Total Assessment
$1,830,780
  • Listing ID: 16887234

  • Date on Market: 8/12/2019

  • Last Updated:

  • Address: 1802 First Security Way, Jonesboro, AR 72401

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