2214 EE Wallace Blvd N - Supermarket FOR SALE


Ferriday, LA 71334
$3,406,018 USD
405-205-8489
2214 EE Wallace Blvd N, Ferriday, LA for Sale
$3,406,018 USD
Supermarket - FOR SALE
1/14
null | 6.75% Cap Rate

2214 EE Wallace Blvd N
Ferriday, LA 71334


HIGHLIGHTS

  • 15-Year, Absolute NNN Ferriday Market, Operated by Harp's Food Stores, Inc. (Corporate Sale-Leaseback)
  • Excellent Value - Property is Offered at Only $105/ SF, Well-Below Replacement Costs
  • Strong Performing Location, Low Rent to Sales
  • 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 Ferriday Market, operated by Harp's Food Stores, Inc. in Ferriday, LA. Built in 1992, this single-tenant retail property is +/- 32,466 SF and sits on approximately 3.09 acres. At close of escrow, Harp's Food Stores, Inc. will execute a new, 15-Year, Absolute NNN Lease. Priced at only $105/SF, the offering represents exceptional value, well below replacement costs. Ferriday Market is located at the far northern edge of town, on EE Wallace Blvd (US Route 425), just west of Lake Concordia and the LA-MS border. The shopping center is co-anchored by a large format Ace Hardware and Dollar General (neither included in the offering). Ferriday Market is a high-volume location for Harps. 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

$3,406,018 USD

PRICE/SF

$105 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ferriday Market - Ferriday, LA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.09 AC

LAND SF

134,600 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Will LightfootSHOP CompaniesMore Info
405-205-8489

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Will LightfootSHOP CompaniesMore Info
405-205-8489

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