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Stallings Lane, Jonesboro, AR

2.23 Acres...97,139 SF

L O CA L I N V E S T M E NT

GREAT LOCATION ON MAIN ARTERY BETWEEN ASU AND MALL AT TURTLE CREEK


Stallings | Jonesboro, Arkansas 72401

AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT Haag Brown Commercial has been retained on an exclusive basis to market the property described herein. Broker has been authorized by the Seller of the Property to prepare and distribute the enclosed information for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate.

LAND INVESTMENT

COMMERCIAL LOT

The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma.

Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.

Haag Brown Commercial | Commercial Lot

Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto.


Stallings | Jonesboro, Arkansas 72401

PURCHASE OVERVIEW Purchase Price:

$1,359,932

Acres Available

2.23 Acres

SF Available:

97,139 SF

Price PSF:

LOCAL INVESTMENT

COMMERCIAL LOT

$14.00 PSF

PROPERTY HIGHLIGHTS Address:

Stallings Lane | Jonesboro, AR 72401

County:

Craighead County

Acres:

2.23 Acres *Additional acreage available

Public Utilities At Site:

City Water Sewer Electricity Natural Gas Telephone Cable Services

2010 DEMOGRAPHICS Population: Average Household Income: Average Age:

Yes

1-Mile

3-Mile

5-Mile

3,822

38,464

62,150

$42,899

$50,540

$56,908

24.3

32.2

33.7

Haag Brown Commercial | Commercial Lot

Presence on Major Thoroughfare:


Stallings | Jonesboro, Arkansas 72401

PROPERTY HIGHLIGHTS Strong Location | This 2.23 acre commercial lot is l o c a t e d o n t h e c i t y ’s m a i n N o r t h / S o u t h thoroughfare, Stadium Boulevard, between two of the region’s largest attractions, Arkansas State University and the Mall At Turtle Creek. The property is situated at a major signalized intersection, the corner of Stadium Boulevard and Stallings Lane. Strong Neighboring Tenants | Stadium Boulevard is Jonesboro’s main restaurant and retail artery making it home to a large number of local and national businesses, restaurants, retailers, and offices. This commercial lot is located in close proximity to Slim’s Chickens, Blue Coast Burrito, Wilcoxson’s Kids Place, Popeye’s, Andy’s Frozen Custard, Olive Garden, Chick-fil-a, Chili’s, Bedding Mart, Target, and Super D, just to name a few. The property also sits directly across the street from America’s Car Mart.

Excellent Visibility and Exposure | This location benefits the property by being both highly visible and easily accessible. Situated at the signalized intersection with the highest traffic count in the entire city, the site has excellent exposure to drive by traffic which averages approximately 40,000 cars per day.

LOCAL INVESTMENT

COMMERCIAL LOT

Great Access | Due to its unique physical location, this property has frontage on three roads and can be directly accessed from all of them, Stallings Lane, Stadium Blvd, and Bernice Circle. Stallings Lane also connects Stadium Blvd with the city’s second largest retail corridor, Caraway Road, giving the site direct access to and from that thoroughfare. Amazing Opportunity | This property is zoned for commercial use and would be ideal for a small retail development, grocery or convenience store. Please note that the property adjacent to this site is also available for purchase.

Haag Brown Commercial | Commercial Lot


3000 Stallings | Jonesboro, Arkansas 72401

REGIONAL MAP

LOCAL INVESTMENT

COMMERCIAL LOT

LOCAL MAP

STALLINGS

Haag Brown Commercial | Commercial Lot


Stallings | Jonesboro, Arkansas 72401

TRAFFIC COUNT MAP

LOCAL INVESTMENT

COMMERCIAL LOT

STALLINGS

Haag Brown Commercial | Commercial Lot


LOCAL INVESTMENT

COMMERCIAL LOT Stallings | Jonesboro, Arkansas 72401

PARCEL MAP

M

AT TH E

W S

AV E

NU

E

Haag Brown Commercial | Commercial Lot

STADIUM BOULEVAR D

STALLINGS LANE


LOCAL INVESTMENT

COMMERCIAL LOT Stallings | Jonesboro, Arkansas 72401

AERIAL

M AT TH

STALLINGS

EW S

AV E

NU

E

Haag Brown Commercial | Commercial Lot

STADIUM BOULEVARD

STALLINGS LANE


Stadium Crossings

BERNICE

CIRCLE

GS LA STALLIN

ST AD

NE

IUM

BO UL EV AR

D

ENUE

AV ETON L T T NE

University Shopping Center

Soo’s Drug Store

AERIAL

MATTHEWS AVENUE

SUBJECT


5 MILE

Stallings Lane Jonesboro, Arkansas

3 MILE

DEMOGRAPHICS 1 Mile Radius 2010 Pop Med HH Income Med Age

1 MILE

3,822 $42,899 24.63

3 Mile Radius 2010 Pop Med HH Income Med Age

38,464 $50,540 32.2

5 Mile Radius 2010 Pop Med HH Income Med Age

62,150 $56,908 33.7


R-2

R-2

R-2

R-2

C-3

C-3

C-5

C-5

POTENTIAL SITE PLAN A

R-2

C-5


R-2

R-2

R-2

R-2

C-3

C-3

C-5

C-5

POTENTIAL SITE PLAN B

R-2

C-5


LOCAL INVESTMENT

COMMERCIAL LOT Stallings | Jonesboro, Arkansas 72401

Amazing Signage Opportunity on Stadium

Located at Major Signalized Intersection

Rolling Lot

House on Currently on Property

Frontage on Stallings

Haag Brown Commercial | Commercial Lot

Located Near Overpass to ASU


LOCAL INVESTMENT

Jonesboro is located in Northeast Arkansas along U.S. Highway 63 (soon to be Interstate 555) just 75 miles northwest of Memphis, Tennessee. Jonesboro is the fifth largest city in Arkansas by population and is known for “its cooperative community spirit and friendly citizens”. Jonesboro has become the regional center for manufacturing, agriculture, medicine, banking, education, and trade. The newly constructed Mall At Turtle Creek is Northeast Arkansas’ largest indoor shopping galleria and was the only enclosed mall to open in the United States in 2006.

Joshua Brown, CCIM Principal 870 761 2899 josh@haagbrown.com Greg Haag, CCIM Principal 870 219 9919 greg@haagbrown.com twitter.com/ haagbrown

facebook.com/ jonesboroarkansas

225 S. Church St, Suite A Jonesboro, AR 72401 Phone 870 336 8000 eFax 888 561 4917 www .haagbrown. com

There are currently two major hospitals in Jonesboro: St. Bernard’s Regional Medical Center, which is the city’s largest employer and NEA Baptist Memorial, which is set to begin construction on a new $400 million dollar campus along Highway 49 in the upcoming months. The city is also home to Arkansas State University which is the second largest college system in the state, averaging over 17,000 students. AState employs over 1,850 people and offers degree levels from associates, bachelors, and masters to specialists. Jonesboro’s large industrial park features such companies as Nestle, Frito Lay, Post, Hytrol, Alberto Culver, Riceland, and the new $100,000,000 windmill facility, Nordex, which is set to open in September 2010. For more information on Jonesboro and the surrounding areas just visit: http://www.jonesborochamber.org


WHO ARE WE ? Haag Brown Commercial was formed by Joshua Brown, a market leading commercial real estate broker, and Greg Haag, an experienced and proven commercial real estate broker and retail developer. It is their wish to create a Christcentered business that provides access to clients and delivers real value in a complex business world that is changing every day with new technology.

Greg Haag, CCIM Principal 870 219 9919 greg@haagbrown.com

Joshua Brown, CCIM Principal 870 219 9919 greg@haagbrown.com

twitter.com/ haagbrown facebook.com/ jonesboroarkansas

Joshua has been instrumental in pursuing and landing several local favorites. He is currently representing a 20-acre development anchored by Red Lobster and Longhorn's Steakhouse. His work can been seen in Buffalo Wild Wings, Murphy Oil Express, Seattle Grind Cafe, Sai Thai, Upper Crust Pizza, Fazoli’s, Wilcoxson’s Kids Place, Ritter Communications Campus, and the PENDING restaurants on Stadium Boulevard. He has devoted years of research to the dynamic Highway 49 North area and has several properties available close to the new Integrated Health-Care Campus. Greg has developed national retail in Arkansas, Texas, Tennessee, Missouri, Mississippi and western Kentucky. He has worked for cities doing economic studies called leakage analysis. This process takes an in-depth look at the market to see where money is being spent and which retailers the market can support. He has developed and continues to manage several notable retail projects in Jonesboro including the University Shopping Center. He also serves on Jonesboro's 2030 committee to help mold the city’s economic growth over the next 20 years.

WHAT WE DO ? List Commercial Property - Haag and Brown analyze property for the owner, give an estimation of value, develop a marketing timeline and present offers. If an offer is accepted, they assist until closing. Offer Investments - Haag and Brown have an inventory of all commercial real estate investments on the market across the country. They are able to tell you "why" an investment makes sense and what the numbers may mean for you. Tenant Representation - Haag and Brown help business owners (small and large) who are thinking of opening a business, moving locations, or adding locations. They work with local tenants (i.e Seattle Grind, Wilcoxson's) as well as national tenants (i.e. Murphy Oil, Trane). It is critical to be in the right location and they are trained to negotiate leases. Leasing - Haag and Brown help building owners lease their property by making it available on a national platform. They market to several tenants and brokers from around the country as well locally to negotiate a successful lease.

225 S. Church St., Suite A Jonesboro, AR 72401

Project Management - Haag and Brown help with large tracts of commercial land clients may be interested in developing themselves. They contact potential users for the land and market it just as if it were their own development.

870 336 8000 eFax 888 561 4917

Workout/Restructuring - This is for owners who must sell their property. Often times, these clients are banks or owners who are on the brink of losing their property. Haag and Brown are experienced and trained to perform short sales on commercial property.

www.haagbrown.com

Development – Haag and Brown’s development program directs the entire process from selecting a property and determining its highest and best use through its becoming operational. Though they can handle most any construction need, they are most proficient in retail development. The majority of their development projects have been single tenant retail developments. Over 30 years of retail investment, brokerage and development experience has provided them with unparalleled knowledge and understanding of the procedures and requirements that facilitate a successful development. Through the years, they have established an extensive network of national and regional retailers doing work in Arkansas, Tennessee, Mississippi, Missouri, Kentucky, Alabama and Texas. http://www.loopnet.com/profile/2544503460/Joshua-Brown-CCIM/


Amazing Location on Stadium