Jonesboro Flex for Sale
Marcus & Millichap is pleased to offer the opportunity to acquire the fee-simple interest (land & building) in two prominent properties located in Jonesboro, AR and Bunkie, LA. Both businesses and properties were acquired by JAL Equity Corp. in 2022-2023 to enhance their E-Commerce and Signage capabilities. The Jonesboro location was formerly Master Marketing Group, but is now operating as Tshirts.com’s main location while the property in Bunkie, LA is still operating as Capital Signs & Awnings. Both play a vital role in JAL’s portfolio as their respectful division leaders (e-commerce & signage).
The Arkansas property is a combined 28,815 sf buildings (2) sitting on a corner 1.95 acre lot along the main east/west artery of E Highland Dr. (AR Hwy 18). Jonesboro, AR is located in Northeast Arkansas near the border of Tennessee and Missouri. It sits about an hour drive from Memphis and two hours from Little Rock. The eastern side of Jonesboro is a heavy industrial and manufacturing corridor with a lot of national & international businesses including: Hytrol, ABB, Anchor Packaging, Nestle, FedEx, Unilever, Frito-Lay. After JAL’s acquisition of this property, they renovated and moved several pieces of equipment from another location where this will serve as Tshirts.com main hub. Their Rent of $7.73/SF is below the Jonesboro Market average of $8-$12/SF.
The Tenant, TSHIRTS.com, operates a network of e-commerce and wholesale businesses focusing on apparel and related products. They offer direct sales of branded apparel, custom apparel for both online and wholesale customers, and proprietary designs through their e-commerce network.
This portfolio presents an opportunity to acquire two long-term, stable cashflow properties with above market rental increases of 3% per year at an average yearly yield of 9.88%.
Please note these properties can be acquired individually or together, but the Lease Terms are identical to simplify your underwriting purposes.
***FOR QUESTIONS & MORE INFO: Call or Email Ken Jacobsmeyer (314) 889-2514 Ken.Jacobsmeyer@MarcusMillichap.com***
