|
|
NEW Township Centre Development - Phase I 2701 Parkwood Road 8,000 - 19,750 SF of Retail Space Available in Jonesboro, AR 72401
HIGHLIGHTS
- Located in Most Exciting Big Box Development in Northeast Arkansas Trade Area
- Visibility on Jonesboro's Primary North/South & East/West Arteries
- Multiple Monument Signage Opportunities Planned for the Development
- New High-Profile Lease Space Availability
- Access from Multiple Points Along Fair Park Blvd. & Parkwood Dr.
- Exposure to Traffic Counts that Exceed 40,000+ Cars Per Day
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Building 1 | 8,000 SF | Negotiable | $35.00 /SF/YR $2.92 /SF/MO $376.74 /m²/YR $31.39 /m²/MO $23,333 /MO $280,000 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste Building 2 | 11,750 SF | Negotiable | $30.00 /SF/YR $2.50 /SF/MO $322.92 /m²/YR $26.91 /m²/MO $29,375 /MO $352,500 /YR | Triple Net (NNN) |
1st Floor, Ste Building 1
- Lease rate does not include utilities, property expenses or building services
- High End Trophy Space
1st Floor, Ste Building 2
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
SELECT TENANTS AT NEW TOWNSHIP CENTRE DEVELOPMENT - PHASE I
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Academy Sports
- Retailer
- -
- -
- GNC
- Retailer
- -
- -
- Men's Wearhouse
- Retailer
- -
- -
- Panera Bread
- Accommodation and Food Services
- -
- -
- Sissy's Log Cabin
- Retailer
- -
- -
- Starbucks
- Accommodation and Food Services
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Academy Sports | Retailer | - | - |
| GNC | Retailer | - | - |
| Men's Wearhouse | Retailer | - | - |
| Panera Bread | Accommodation and Food Services | - | - |
| Sissy's Log Cabin | Retailer | - | - |
| Starbucks | Accommodation and Food Services | - | - |
PROPERTY FACTS
| Total Space Available | 19,750 SF | Gross Leasable Area | 19,750 SF |
| Property Type | Retail | Construction Status | Proposed |
| Total Space Available | 19,750 SF |
| Property Type | Retail |
| Gross Leasable Area | 19,750 SF |
| Construction Status | Proposed |
ABOUT THE PROPERTY
The Township Centre development sits along Red Wolf Blvd. between Interstate 555 and the former Mall at Turtle Creek. In fact, the development is situated at the epicenter of Jonesboro’s main retail sector & has been the focal point of the city’s growth for the past 10 years. Dozens of new restaurants & retailers have flocked to the area and encompass the site including Academy Sports, Cheddar’s Casual Cafe, Panera Bread, Men’s Wearhouse, Qdoba, The Refinery, Orange Theory Fitness, Sissy’s Log Cabin, Starbucks, Ashley Furniture, Plato’s Closet, Gigi’s Cupcakes, Chicken Salad Chick, Aspen Dental, GNC, & Wings to Go. The major infrastructure & C-3 commercial zoning is securely in place for the entire Township Development. Phase 1 of the Township Centre will be underway soon, offering well located, high-profile space available for lease. Tenants within the Township Centre will have excellent exposure to Red Wolf Blvd., Parkwood Dr., & Fair Park Blvd. with multiple access points and monument signage. Don't miss your opportunity to be a part of this new, exciting development!
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Stadium Blvd | Parkwood Rd, N | 31,899 | 2025 | 0.21 mi |
| Stadium Blvd | Sun Ave, S | 28,436 | 2021 | 0.23 mi |
| 49 | Sun Ave, S | 27,000 | 2020 | 0.23 mi |
| Red Wolf Boulevard | Sun Ave, S | 28,859 | 2025 | 0.23 mi |
| Stadium Boulevard | Sun Ave, S | 28,804 | 2023 | 0.23 mi |
| Race Street | Stadium Blvd, E | 10,818 | 2025 | 0.24 mi |
| RACEST | Stadium Blvd, E | 10,000 | 2020 | 0.24 mi |
| Race St | Stadium Blvd, E | 11,022 | 2024 | 0.25 mi |
| 18 | Bittle St, E | 18,000 | 2020 | 0.28 mi |
| East Highland Drive | Malco Dr, W | 21,875 | 2025 | 0.28 mi |
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
Screenshot 2023-03-30 at 9.44.23 AM
Screenshot 2023-03-30 at 9.44.44 AM
Screenshot 2023-03-30 at 9.44.53 AM