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2821 E Highland Dr
Jonesboro, AR 72401
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Net Lease Krispy Kreme with zero landlord responsibilities; tenant covers taxes, insurance, and maintenance.
- Site has cross access and cross parking agreements.
- Prime location within 2.0 miles of Arkansas State University (16,687 students).
- Priced below replacement value.
- Leased to Krispy Kreme, a globally recognized brand with a strong customer following and proven business model.
- Strategically located on E Highland Drive, a high-traffic area surrounded by national retailers, restaurants, and essential services.
EXECUTIVE SUMMARY
Absolute Net Lease Krispy Kreme with zero landlord responsibilities; tenant covers taxes, insurance, and maintenance.
Priced below replacement value.
Site has cross access and cross parking agreements.
Leased to Krispy Kreme, a globally recognized brand with a strong customer following and proven business model.
Prime location within 2.0 miles of Arkansas State University (16,687 students).
Strategically located on E Highland Drive, a high-traffic area surrounded by national retailers, restaurants, and essential services, ensuring consistent consumer demand.
Priced below replacement value.
Site has cross access and cross parking agreements.
Leased to Krispy Kreme, a globally recognized brand with a strong customer following and proven business model.
Prime location within 2.0 miles of Arkansas State University (16,687 students).
Strategically located on E Highland Drive, a high-traffic area surrounded by national retailers, restaurants, and essential services, ensuring consistent consumer demand.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,755 SF
Year Built
2014
Price
$1,662,000
Price Per SF
$603.27
Cap Rate
6.25%
NOI
$103,875
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.78 AC
Zoning
C
Parking
10 Spaces (3.63 Spaces per 1,000 SF Leased)
Frontage
167’ on E. Highland Dr
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 01-144282-01400 | Improvements Assessment | $0 |
| Land Assessment | $792,800 | Total Assessment | $792,800 |
PROPERTY TAXES
Parcel Number
01-144282-01400
Land Assessment
$792,800
Improvements Assessment
$0
Total Assessment
$792,800
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