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Prime Southwest Drive Retail Opportunity 456 Southwest Dr 5,265 SF of Retail Space Available in Jonesboro, AR 72401
Highlights
- Prime location along major Jonesboro thoroughfare (20,000+ CPD)
- Ample parking to support a variety of uses
- Positioned in a rapidly growing corridor with long-term upside
- Excellent frontage, visibility, and access
- Flexible interior that's easy to reconfigure
- Also Available for Sale - Contact Broker for Details
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,265 SF | Negotiable | $17.00 /SF/YR $1.42 /SF/MO $182.99 /m²/YR $15.25 /m²/MO $7,459 /MO $89,505 /YR | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
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.
Property Facts
| Total Space Available | 5,265 SF | Gross Leasable Area | 5,265 SF |
| Property Type | Retail | Year Built | 1997 |
| Total Space Available | 5,265 SF |
| Property Type | Retail |
| Gross Leasable Area | 5,265 SF |
| Year Built | 1997 |
About the Property
This is an outstanding opportunity along one of Jonesboro's primary commercial corridors. With over 20,000+ vehicles per day, this property offers unmatched visibility, strong access, and excellent frontage that positions it perfectly for both investors users. The building has a modern, adaptable layout with a cool, inviting vibe, and its interior is easy to modify to fit a wide range of uses. Ample on-site parking, excellent traffic flow, and immediate curb appeal add to the property's strong fundamentals. At only $130 per square foot, this is one of the more attractively priced properties in the market today-well below replacement cost. Couple with the incredible growth and momentum surrounding the Southwest Drive corridor, this asset offers significant upside over time.
Nearby Major Retailers
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Prime Southwest Drive Retail Opportunity | 456 Southwest Dr
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