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Highland Square Shopping Center 2002-2220 S Caraway Rd 247,870 SF 86% Leased Retail Building Jonesboro, AR 72401 $26,500,000 ($106.91/SF)



Investment Highlights
- Long Standing Staple at the Largest Regional Intersection in Jonesboro
- Situated on More Than 21 AC - Room For Expansion
- Regional Shopping Destination that has been a Staple in Jonesboro for Decades!
- Exposure to 44,000 CPD w/ Multiple Access Points to Caraway Rd. & E. Highland Dr.
- Includes 190,000+ SF Retail Center and (4) Restaurant Out Parcels
Executive Summary
Highland Square is strategically placed, surrounded by the top grocer in the market, Kroger Marketplace, the market's dominant Walmart Super Center, & the most recent redevelopment, The Uptown. It is also close in proximity to Sam's Club, Hobby Lobby, Burlington Coat Factory, Lowe's, & sits less than 3/4 of a mile from Interstate 555.
The 21+ acre property includes a 192,537 square foot shopping center, which is home to multiple retailers such as Cato Fashions, Barton's Home Improvements, Sally's Beauty Supply, and Trees & Trends. Kmart was the center's original anchor, occupying the 82,000+ square foot northern end-cap. Within the last 6 years, the space has been completely renovated & Haag Brown Commercial has added brand new tenants, including Ross, Micheal's, & Play It Again Sports. The property also features (4) restaurant out-pads occupied by Taco Bell, KFC, Golden Corral, & Freddy's Frozen Custard & Steakburgers.
This development continues to benefit from its unparalleled location. It has adapted with the growth of the surrounding areas by steadily adding value. The large tract itself only enhances that value, giving plenty of room for parking, future expansion or additional retail development. All these factors ensure this will be a profitable investment for years to come.
Property Facts
Amenities
- Pylon Sign
About 2002-2220 S CARAWAY RD , JONESBORO, AR 72401
Located along Interstate 555, Jonesboro is the retail epicenter of Northeast Arkansas. Despite negative trends of other marketplaces nationwide, Jonesboro is one of the 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. Serving a trade area of over 500,000 people in almost twenty-four counties in Arkansas, Missouri, and Tennessee, 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. With a 363,689 primary trade area population, Jonesboro clearly serves more than its 80,900 residents.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Bargain Hunt is an extreme value retail chain where customers buy quality name-brand merchandise below normal retail prices. They specialize in buying excess products from the nation’s largest retailers and manufacturers to provide their customers with a constantly changing assortment of goods at deep discounts. Expect to find amazing savings on clothing, home goods and domestics, baby, toys, electronics, sporting goods, indoor and outdoor furniture and seasonal items.
- Barton’s Home Improvement
- Retailer
- 40,500 SF
- -
- -
- -
The Cato Corporation, a leading specialty retailer with corporate offices located in Charlotte, NC, operates under three concepts, “Cato”, “Versona” and “It’s Fashion”. Each concept targets a different customer base, occupies a unique niche, and provides growth opportunities. Across all concepts, the Company provides the latest in fashion apparel and accessories, superior customer service and exceptional values. With stores nationally spread out, The Cato Corporation offers a broad assortment of on-trend fashion styles for any occasion – work or play, dressy or casual in missy and plus sizes at value prices every day. The company focuses on delivering excellence in fit, quality, fabrics and selection.
Cicis Pizza operates a franchise location in Auburn, Alabama, providing buffet-style and made-to-order pizza service at its Opelika Road site. The restaurant offers an assortment of pizzas, pasta, salads, desserts, and takeaway items, reflecting the standardized menu of the national Cicis brand. Public listings show the Auburn location maintains consistent operating hours throughout the week, with extended evening service on weekends.
KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing their delicious chicken by hand in tens of thousands of restaurants around the world.
- Play It Again Sports
- Retailer
- 15,600 SF
- -
- -
- -
Ross Dress for Less, operated by Ross Stores, Inc., is the largest off-price apparel and home fashion retailer in the United States. Founded initially as a department store in 1950 and restructured into an off-price chain in 1982, the company now operates nearly 1,800 Ross stores and additional dd’s DISCOUNTS locations across the country. Headquartered in Pleasanton, California, Ross Stores manages sourcing, merchandising, logistics, distribution, and corporate administration for its nationwide retail footprint. The brand specializes in selling first-quality, in-season name-brand apparel, footwear, and home décor at 20%–60% off traditional department store pricing.
Trees n Trends is a premier destination for home décor, furniture, and fashion, offering a diverse selection of high-quality products for both indoor and outdoor living. With a focus on unique and stylish designs, the store features an extensive range of outdoor furniture, seasonal decorations, artificial florals, gourmet goods, and trendy apparel. Customers can explore exclusive collections of patio sets, fire pits, and home accessories, along with a curated selection of holiday décor and gifts. Known for its commitment to quality and customer satisfaction, Trees n Trends provides an exceptional shopping experience, whether in-store or online. With locations across multiple states, the company continues to be a go-to source for homeowners looking to elevate their living spaces with distinctive and stylish products.
- Tuesday Morning
- Retailer
- 17,730 SF
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Retailer | 27,490 SF | - | Triple Net | - | |
| Barton’s Home Improvement | Retailer | 40,500 SF | - | - | - | |
|
Retailer | 6,400 SF | - | - | - | |
|
Retailer | 4,000 SF | - | - | - | |
|
Retailer | 4,100 SF | - | - | - | |
| Play It Again Sports | Retailer | 15,600 SF | - | - | - | |
|
Retailer | 22,000 SF | - | - | - | |
|
Retailer | 35,000 SF | - | - | - | |
| Tuesday Morning | Retailer | 17,730 SF | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former Trees 'n Trends
| Space | Size | Space Use | Position | Available |
| 2220 | 35,000 SF | Retail | End Cap | Now |
2220
| Size |
| 35,000 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
2220
| Size | 35,000 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Former Trees 'n Trends
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-144282-00800 | Improvements Assessment | $1,096,820 |
| Land Assessment | $188,962 | Total Assessment | $1,285,782 |
Property Taxes
Presented by
Highland Square Shopping Center | 2002-2220 S Caraway Rd
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