Jonesboro, Arkansas, with its rich history and diverse economy, presents an attractive opportunity for investors seeking to purchase a shopping center. Shopping centers in Jonesboro offer a unique blend of local character and national brand recognition, making them an excellent investment choice. These properties can represent a range of investment types, from retail strips to larger, more complex shopping centers. Jonesboro's amenities, infrastructure, and location make it an ideal place to invest in a shopping center. The city is home to Arkansas State University, which provides a steady stream of customers for local businesses. Additionally, the city's geography, situated atop Crowley's Ridge, offers a unique blend of natural beauty and accessibility. The presence of major employers like St. Bernard's Healthcare and Arkansas State University also contributes to the city's economic stability. With attractions like the Fowler Center for Performing Arts and the Bradbury Art Museum, Jonesboro is a great place for business and travel.
Currently, there are 2 shopping centers for sale in Jonesboro, offering a range of investment opportunities. The average price per square foot for these properties is $93 USD, with an average size of 154,402 square feet. The largest shopping center available for sale has a total size of 247,870 square feet. In addition to shopping centers, Jonesboro also offers a range of other property types, including restaurants, which can be found in the city's downtown district and along major roads like the St. Louis Southwestern Railway tracks. Specialty properties, such as the historic buildings in the downtown area, offer unique investment opportunities. Land for sale in Jonesboro can be found in various locations, including along the city's major roads and near the Arkansas State University campus. Office properties, including those in the downtown district and near the university, offer a range of investment options. Overall, Jonesboro's diverse economy and range of property types make it an attractive location for investors.
What is the average cap rate for shopping centers in Jonesboro?
For investors seeking to capitalize on the retail sector in Jonesboro, Arkansas, the average cap rate for shopping centers in this city is 6.99%, which can provide a promising return on investment considering the city's strong economic sectors, including healthcare, education, and retail.
