Harps Food Store - Paris, AR 1004 E Walnut St 27,993 SF Retail Building Paris, AR 72855 $1,893,817 ($67.65/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year, Absolute NNN Harps Food Store (Corporate Sale-Leaseback to Harp's Food Stores, Inc.)
- High-Performing Location, Low Rent to Sales Ratio
- Excellent Value - Property is Offered at Only $68/ SF, Well-Below Replacement Costs | 4.30 Acres
- Headquartered in Springdale, AR, Harps Operates 147 Units in Six States and Reports Over $1.56B in Sales
EXECUTIVE SUMMARY
SHOP Companies is pleased to present the opportunity for a qualified investor to acquire this Harps Food Store in Paris, AR. Built in 2012, this single-tenant free-standing retail property is +/- 27,993 SF and sits on approximately 4.30 acres. At close of escrow, Harp's Food Stores, Inc. will execute a new, 15-Year, Absolute NNN Lease. Priced at only $68/SF, the offering represents exceptional value and at a fraction of replacement costs.
Harps Food Store is located on E Walnut Rd (AR 22) and runs through the center of Paris, AR. Nearby national tenants include Walmart, McDonald's, Subway, O'Reilly's, Casey's, and Dollar General. Paris is a city in Franklin County along the Arkansas River in the Arkansas River Valley on the southern edge of the Ozark Mountains.
Founded in 1930, Harps has grown steadily to just under 150 stores and over $1.56B in revenue. In 2022, Newsweek Magazine named Harps the #3 Best Grocery Retailer in the US. In 2024, the same publication named Harps among America's Greatest Workplaces for Parents and Families.
Harps Food Store is located on E Walnut Rd (AR 22) and runs through the center of Paris, AR. Nearby national tenants include Walmart, McDonald's, Subway, O'Reilly's, Casey's, and Dollar General. Paris is a city in Franklin County along the Arkansas River in the Arkansas River Valley on the southern edge of the Ozark Mountains.
Founded in 1930, Harps has grown steadily to just under 150 stores and over $1.56B in revenue. In 2022, Newsweek Magazine named Harps the #3 Best Grocery Retailer in the US. In 2024, the same publication named Harps among America's Greatest Workplaces for Parents and Families.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
27,993 SF
Building Class
B
Year Built
1985
Price
$1,893,817
Price Per SF
$67.65
Cap Rate
6.75%
NOI
$127,833
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
4.30 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 900-00980-000 | Improvements Assessment | $90,140 |
| Land Assessment | $34,160 | Total Assessment | $124,300 |
CONTACTS
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Will
Lightfoot
-
Matt
Maguire
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Scott
Reid
