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4803 E Johnson Ave
Jonesboro, AR 72401
5,000 SF Medical Space · Office Property For Sale
Investment Highlights
- A+ Medical Corridor Location
- Stable Medical Related Tenant
- Strong Traffic & Visibility
- Recent Capital Improvements
Executive Summary
This 5,000 square foot medical office building is strategically positioned directly across from the $400 million NEA Baptist Regional Hospital campus, one of Northeast Arkansas's premier healthcare hubs. Located along E. Johnson Avenue, with traffic counts exceeding 33,000+ vehicles per day, the property benefits from outstanding visibility, accessibility, and proximity to a rapidly expanding concentration of retail, restaurant, and medical development.
The building currently has a brand new lease to AIM Academy, proving stable occupancy within a high-demand medical corridor that desperately needed a high-end childcare center. The existing lease structure offers dependable income with a 10-year primary term and extension options, making the property attractive to investors seeking a healthcare-oriented asset in a strong regional market, great location, and runway of opportunity for the future.
Recent capital improvements, including a new roof, exterior paint, and a complete new buildout have been completed in the past 24 months.
The building currently has a brand new lease to AIM Academy, proving stable occupancy within a high-demand medical corridor that desperately needed a high-end childcare center. The existing lease structure offers dependable income with a 10-year primary term and extension options, making the property attractive to investors seeking a healthcare-oriented asset in a strong regional market, great location, and runway of opportunity for the future.
Recent capital improvements, including a new roof, exterior paint, and a complete new buildout have been completed in the past 24 months.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,000 SF
Building Class
B
Year Built
2005
Price
$2,946,759 CAD
Price Per SF
$589.35 CAD
Cap Rate
7.50%
NOI
$221,007 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,000 SF
Building FAR
0.12
Lot Size
0.98 AC
Zoning
C-3 - C-3
Property Taxes
| Parcel Number | 01-144112-12600 | Improvements Assessment | $291,395 CAD |
| Land Assessment | $104,825 CAD | Total Assessment | $396,220 CAD |
Property Taxes
Parcel Number
01-144112-12600
Land Assessment
$104,825 CAD
Improvements Assessment
$291,395 CAD
Total Assessment
$396,220 CAD
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