Harps Food Store - Ozark, AR | 700 W Commercial St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Harps Food Store - Ozark, AR 700 W Commercial St
26,573 SF Retail Building Ozark, AR 72949 $5,750,400 CAD ($216 CAD/SF) 6.75% Cap Rate
Investment Highlights
- 15-Year, Absolute NNN Harps Food Store (Corporate Sale-Leaseback to Harp's Food Stores, Inc.); 2nd Building Subleased to Arkansas DHS Included in Sale
- High-Performing Location, Low Rent to Sales
- Excellent Value - Offered at Only $88/SF, Well- Below Replacement Costs
- 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 two (2) single-tenant free-standing retail buildings on approximately 2.38 acres in Ozark, AR. Both properties are encumbered by a single, 15-Year, Absolute NNN Master Lease to Harp's Food Stores, Inc. Harps operates the +/- 26,573 SF grocery facility and subleases the +/- 8,188 SF building to the Arkansas Department of Human Services. Priced at only $93/SF, the offering represents exceptional value and well below replacement costs.
Harps Food Store is located in the heart of downtown Ozark, next door to Bank OZK's corporate office. Harps is also across from Bank OZK's retail branch and Sonic Drive-In, and a block north from Mercy Hospital Ozark. Incorporated in 1850, Ozark is adjacent to much of Arkansas wine country and contains a bridge to cross the Arkansas River for travelers heading to points south. Founded in 1903 in Jasper, AR, the Bank of the Ozarks (Bank OZK) established its second office in Ozark in 1937.
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 in the heart of downtown Ozark, next door to Bank OZK's corporate office. Harps is also across from Bank OZK's retail branch and Sonic Drive-In, and a block north from Mercy Hospital Ozark. Incorporated in 1850, Ozark is adjacent to much of Arkansas wine country and contains a bridge to cross the Arkansas River for travelers heading to points south. Founded in 1903 in Jasper, AR, the Bank of the Ozarks (Bank OZK) established its second office in Ozark in 1937.
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
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Supermarket
Building Size
26,573 SF
Building Class
B
Year Built/Renovated
2002/2021
Price
$5,750,400 CAD
Price Per SF
$216 CAD
Cap Rate
6.75%
NOI
$388,152 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
2.38 AC
Opportunity Zone
Yes
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 009-01230-000 | Improvements Assessment | $236,009 CAD |
| Land Assessment | $11,032 CAD | Total Assessment | $247,041 CAD |
PROPERTY TAXES
Parcel Number
009-01230-000
Land Assessment
$11,032 CAD
Improvements Assessment
$236,009 CAD
Total Assessment
$247,041 CAD
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Harps Food Store - Ozark, AR | 700 W Commercial St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.