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1821 S Caraway Rd
Jonesboro, AR 72401
State-of-the-Art Tommy's Express Car Wash · Specialty Property For Sale · 5,788 SF

PROPERTY FACTS

Property Type Specialty
Property Subtype Car Wash
Building Class B
Lot Size 1.01 AC
Building Size 5,788 SF
No. Stories 1
Year Built 2019
Parking Ratio 3.46/1,000 SF
Zoning Commercial

ABOUT 1821 S CARAWAY RD , JONESBORO, AR 72401

Haag Brown Commercial is excited to announce this BRAND NEW TOMMY'S EXPRESS CAR WASH property is for sale! The 1.01 acre site is located at the entrance of the Indian Mall re-development project beside Kroger Marketplace. This site has been a staple at the corner of Highland Drive and Caraway Road, the city’s primary center of trade, for decades. The property has exposure to over 44,000 cars per day and is highly recognized by the 550,000 consumers that frequent Jonesboro. This quality investment, which is between the new Quick Lane Tire & Auto Center and Texas Roadhouse, sits at the epicenter of the retail revitalization taking place along Caraway Road. In turn, the site is surrounded by a host of new tenants including Ross, Tuesday Morning, Bargain Hunt, Play-It-Again Sports, and Golden Corral. The facility features a visually impressive building design, complete with oversized bay windows, a 130 foot "Tommy Transporter" dual belt conveyor system, soft cloth brushes, tire shine service, hot wax, a powerful underbody flush, self-serve interior vacuums stations and Tommy’s Express exclusive, state-of-the-art car wash technology. Total wash time, from entrance to exit, averages between 2-3 minutes. “It is extremely rare to see an establishment that is so incredibly different than every other competitor in its field. With amenities like license plate readers and wider conveyor belts, this brand streamlines the car wash process, making our customer’s experience unlike any they’ve ever had.” Ryan Kibler | Tommy’s Express Car Wash Franchisee This property is being offered as a sale leaseback from the Tommy's current owner/operator. A new 15-Year NNN Lease is in place at a 7.5% CAP rate based on a NOI of $462,000. The lease has 3, five-year options.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-144204-17400
Land Assessment
$281,568
Improvements Assessment
$271,595
Total Assessment
$553,163
  • Listing ID: 16568105

  • Date on Market: 7/10/2019

  • Last Updated:

  • Address: 1821 S Caraway Rd, Jonesboro, AR 72401

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