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405 Southwest Dr 5,270 SF 100% Leased Office Building Jonesboro, AR 72401 $967,000 ($183.49/SF) 8% Cap Rate



Executive Summary
This fully-occupied, three-tenant retail center at 405 Southwest Dr is anchored by a solid mix of national and regional tenants with a long history of occupancy at the site. The regional restaurant tenant recently executed a long-term, absolute triple net lease renewal, reinforcing the center's stability and income durability. The property features drive-through windows on both end caps and a tall, multi-tenant pole sign fronting the highway for maximum visibility. With traffic counts of approximately 22,000 VPD on Southwest Dr and affordable in-place rents, this asset will always be attractive to future tenants seeking a high-exposure location with excellent access. This is a compelling opportunity for an investor seeking dependable, long-term income backed by proven tenant retention.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,270 SF
Building Class
B
Year Built
2005
Price
$967,000
Price Per SF
$183.49
Cap Rate
8%
NOI
$77,360
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,270 SF
Building FAR
0.26
Lot Size
0.46 AC
Zoning
C-1
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Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 01-144302-30600 | Improvements Assessment | $97,094 |
| Land Assessment | $30,666 | Total Assessment | $127,760 |
Property Taxes
Parcel Number
01-144302-30600
Land Assessment
$30,666
Improvements Assessment
$97,094
Total Assessment
$127,760
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405 Southwest Dr
