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2303 E Parker Rd
Jonesboro, AR 72404
NNN 15-YR Steak n' Shake · Retail Property For Sale
Property Facts
About 2303 E PARKER RD , JONESBORO, AR 72404
This BRAND NEW 3,207 SF Steak N Shake is under construction and expected to open early Spring, 2018. The .94 Acre site is located on E Parker Road right off of S Caraway Road. The site is surrounded by regional drivers including Malco Hollywood 12 Cinema, Hijinx Family Entertainment Center, and Ultimate Air Trampoline Park. Other neighboring restaurants and retailers include O’Charley’s, Wendy’s, Colton’s Steak House, Upper Crust Pizza, Checkers, and Kandela Grill. This property is being offered with a new 15-Year NNN Lease in place at a 6.5% CAP Rate. The lease has 10% rent bumps every 5 years along with 2, 5-year options. This Steak N Shake will be operated by an extremely successful fast-food & fast-casual restaurant operator. There is a personal guarantee on the lease. We have received more excitement including likes, shares, and comments on social media regarding this opening than we have with any other project that we have announced in the city of Jonesboro.
Property Taxes
| Parcel Number | 01-144332-06320 | Improvements Assessment | $148,362 |
| Land Assessment | $67,953 | Total Assessment | $216,315 |
Property Taxes
