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.