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Rare Invest. Opportunity: The Shops @ Parker 3106 Southwest Drive 46,121 SF Retail Building Jonesboro, AR 72404 $8,250,000 ($178.88/SF) 7.15% Cap Rate
Investment Highlights
- Commanding location at the intersection of Hwy 49 & I-555 – one of Northeast Arkansas’ most visible, heavily trafficked corners
- Anchored by established tenants: Workout Anytime (2nd location), Ritter Communications (2nd location), Jenni Nails, HomeTronix, and Quintessential Lig
- Priced well below replacement cost with a stable tenant mix and attractive cap rate
- Full-scale redevelopment with stunning architecture, upgraded facades, and exceptional curb appeal
- 35,000+ vehicles per day with multiple access points and digital monument signage
- (2) additional expansion opportunities available
Executive Summary
Haag Brown Commercial is excited to bring The Shops atmParker, a new 46,000 sq. ft. re-development located at the heavily trafficked and signalized intersection of Southwest Drive & Parker Road, to market for SALE!
The building, formerly a grocery store, has been completely revamped and offers classy modern architecture, aesthetically pleasing storefronts and facades, an abundance of parking with islands of green space & landscaping & digital monument signage along Southwest Drive. The Shops at Parker offers an exciting tenant mix which includes Workout Anytime (2nd location), Ritter Communications (2nd location), Jenni Nails, HomeTronix, & Quintessential Lighting.
With exposure to over 35,000+ cars per day, multiple access points, a high quality tenant mix, beautifully designed exterior facades and an abundance of parking, this is an ideal investment for buyers looking for a reliable source of passive income.
The building, formerly a grocery store, has been completely revamped and offers classy modern architecture, aesthetically pleasing storefronts and facades, an abundance of parking with islands of green space & landscaping & digital monument signage along Southwest Drive. The Shops at Parker offers an exciting tenant mix which includes Workout Anytime (2nd location), Ritter Communications (2nd location), Jenni Nails, HomeTronix, & Quintessential Lighting.
With exposure to over 35,000+ cars per day, multiple access points, a high quality tenant mix, beautifully designed exterior facades and an abundance of parking, this is an ideal investment for buyers looking for a reliable source of passive income.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
46,121 SF
Building Class
B
Year Built
2000
Price
$8,250,000
Price Per SF
$178.88
Cap Rate
7.15%
NOI
$589,721
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
6.00 AC
Zoning
C-3 - Commercial
Parking
199 Spaces (4.31 Spaces per 1,000 SF Leased)
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- A
- 1,264-2,942 SF
- Retail
- End Cap
- Now
- B
- 1,678-2,942 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| A | 1,264-2,942 SF | Retail | End Cap | Now |
| B | 1,678-2,942 SF | Retail | In-Line | Now |
A
| Size |
| 1,264-2,942 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
B
| Size |
| 1,678-2,942 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-143361-02500 | Improvements Assessment | $1,432,190 |
| Land Assessment | $328,220 | Total Assessment | $1,760,410 |
Property Taxes
Parcel Number
01-143361-02500
Land Assessment
$328,220
Improvements Assessment
$1,432,190
Total Assessment
$1,760,410
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Rare Invest. Opportunity: The Shops @ Parker | 3106 Southwest Drive
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