1004 E Walnut St - Supermarket FOR SALE


Paris, AR 72855
$1,893,817 USD
405-205-8489
1004 E Walnut St, Paris, AR for Sale
$1,893,817 USD
Supermarket - FOR SALE
1/15
null | 6.75% Cap Rate

1004 E Walnut St
Paris, AR 72855


HIGHLIGHTS

  • 15-Year, Absolute NNN Harps Food Store (Corporate Sale-Leaseback to Harp's Food Stores, Inc.)
  • Excellent Value - Property is Offered at Only $68/ SF, Well-Below Replacement Costs | 4.30 Acres
  • High-Performing Location, Low Rent to Sales Ratio
  • Headquartered in Springdale, AR, Harps Operates 147 Units in Six States and Reports Over $1.56B in Sales

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,893,817 USD

PRICE/SF

$68 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harps Food Store - Paris, AR

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.3 AC

LAND SF

187,308 SF

ZONING

-

APN/PARCEL ID

900-00980-000

ASK ABOUT THIS PROPERTY

Will LightfootSHOP CompaniesMore Info
405-205-8489

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Will LightfootSHOP CompaniesMore Info
405-205-8489

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.