PREMIER AUCTIONS : Creek Place Development
 

Auction Summary


Jonesboro, AR

Contact Details

Phone: 1-800-558-5464
Fax: 800-707-4204
Email: auctioninfo@jpking.com


AUCTION

PRIME COMMERCIAL OPPORTUNITY

SELLING IN 7 PARCELS!

This 18+/- acre development is bordered to the east by Red Wolf Boulevard, to the south by Forest Home Road, to the west by Bittle Street and to the north by Nettleton Avenue. This highly visible location has exposure to approximately 34,600 cars per day traveling along the city's largest retail artery which supports such national restaurants and retailers.

Lot 6 - 56,430 SF

Lot 7 - 56,300 SF

Lot 8 - 56,855 SF

Lot 9 - 56,921 SF

Lot 10 - 56,849 SF

Lot 11 - 56,647 SF

Lot 15- 104,108 SF

The major infrastructure and commercial zoning for this development is already in place making it ideal for local, regional and national users, as well. Buffalo Wild Wings, Murphy USA, Schlotzsky's and Walmart Neighborhood Market have joined and are already fully operational within the development.

Located along U.S. Highway 63 (now Interstate 555), Jonesboro is the retail epicenter of Northeast Arkansas. Despite negative trends of other marketplaces nationwide, Jonesboro is one of only 26 cities in the 363 metropolitan statistical areas in the U.S. that has not only recovered jobs lost from the economy's recent downfall but has added to them.

Jonesboro continues to be the primary bastion of growth and investment. Serving a trade area of over 500,000 people in almost twenty-four counties in Arkansas, Missouri and Tennessee. Jonesboro has steadily grown over 40% in size since 1990 and is estimated to maintain that same or greater level of growth over the next 20 years. With a 363,689 primary trade area population, Jonesboro clearly serves more than its 68,000 residents.

Jonesboro is also the home of the Arkansas State University Red Wolves, which is one of the fastest growing universities in Arkansas and becoming one of the Mid-South's top institutions.

The NEA Baptist Health System is settling into their $400 million dollar facility, the largest health care investment in Arkansas in the last decade.

 

PROPERTY PREVIEW 

Tours of the Properties are available by appointment.  To schedule an appointment, please contact the Auction Information Center at 800.558.5464.  

  

AUCTION EVENT SITE & REGISTRATION

The auction event will be held at the Hilton Garden Inn, located at 2840 South Caraway, Jonesboro, AR, 72401.  Registration will begin at 9:30 a.m. (CT), and the auction will begin at 11:00 a.m. (CT).   

 

AUCTION - COOPERATING BROKER PARTICIPATION

Cooperating Broker participation for the auction is invited.  Up to 3% commission will be paid to a Cooperating Broker.   For Cooperating Broker Incentive Program, visit www.jpking.com or call 800.558.5464 for more information.

 

BUYER'S PREMIUM & TERMS

A four-percent (4%) Buyer's Premium will be added to the winning bid price to arrive at the total contract price paid by the Buyer.   A ten-percent (10%) down payment (based on the total contract price) will be required on auction day and will be held in escrow.  Buyer’s down payment can be paid with personal or company check.  Closing will be on or before thirty (30) days from the date of auction.

 

Jerry Craig King #PB00041499 ;Real Estate: Jerry Craig King; JP King Auction
Company Inc. Auctioneer: Jerry Craig King, # 1446; 4% Buyer’s Premium

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