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Highland Square Shopping Center 2010 S Caraway Rd 27,490 - 62,490 SF of Retail Space Available in Jonesboro, AR 72401
HIGHLIGHTS
- Long Standing Staple at the Signalized Intersection of Highland Drive & Caraway Road
- Situated on More than 21 AC
- Ownership Has Added 6 Highly Sought After Tenants in 2 Years
- Exposure to 44,000 CPD
- One (1) Highly Visible Space Available for Lease - Former Trees 'n Trends (+/- 35,000 SF)
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 2010 | 27,490 SF | Negotiable | $19.53 CAD/SF/YR $1.63 CAD/SF/MO $536,957 CAD/YR $44,746 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 2220 | 35,000 SF | Negotiable | $19.53 CAD/SF/YR $1.63 CAD/SF/MO $683,648 CAD/YR $56,971 CAD/MO | Triple Net (NNN) |
2002-2220 S Caraway Rd - 1st Floor - Ste 2010
Former Bargain Hunt
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- 1 Loading Dock
2002-2220 S Caraway Rd - 1st Floor - Ste 2220
Former Trees 'n Trends
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- 1 Loading Dock
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 | 62,490 SF | Center Properties | 5 |
| Center Type | Community Center | Gross Leasable Area | 563,964 SF |
| Parking | 1481 Spaces | Total Land Area | 34.63 AC |
| Stores | 12 | Year Built | 1980 |
| Total Space Available | 62,490 SF |
| Center Type | Community Center |
| Parking | 1481 Spaces |
| Stores | 12 |
| Center Properties | 5 |
| Gross Leasable Area | 563,964 SF |
| Total Land Area | 34.63 AC |
| Year Built | 1980 |
ABOUT THE PROPERTY
The Highland Square Shopping Center has been a staple at the corner of Highland Drive & Caraway Road, the city’s primary center of trade, for decades. The property has exposure to over 44,000 cars per day & is highly recognized by the 550,000 consumers that frequent Jonesboro. With the city’s top producing businesses - Tommy’s Express Car Wash, Texas Roadhouse, & Kroger Marketplace - on the opposite corner, the Highland Square Shopping Center sits at the epicenter of the retail revitalization taking place along Caraway Road. Other tenants in the immediate area include Golden Corral, Texas Roadhouse, Chipotle, Freddy’s Frozen Custard, Gamble Home, Gearhead Outfitters, Buckle, Guthrie's Fried Chicken, Elite Eye Care, Nothing Bundt Cakes, Cryo 2.0, The Joint Chiropractic, & Krystals. Over the past few years, the Highland Square Shopping Center itself has undergone a complete transformation, adding new big box retailers such as Ross, Play It Again Sports, & Michael's.
NEARBY MAJOR RETAILERS
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Highland Square Shopping Center | 2010 S Caraway Rd
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