Harps Grocery - Prairie Grove, Arkansas
Harps Grocery, Prairie Grove, AR | $1.68M | 6% Cap | Absolute NNN | Corporate Guarantee | ~6 Yrs LTR
Marketing description
Imhoff Commercial is pleased to present the exclusive listing for a Harps property located at 319 E Buchanan St Prairie Grove, AR 72753. This is an opportunity to acquire a single-tenant, absolute NNN-leased Harps Grocery in Prairie Grove, Arkansas — a rare combination of passive income, institutional-quality tenancy, and exceptional market positioning at an attractive 6.0% cap rate. The property is subject to a 15-year Absolute Net (NNN) lease, which commenced in 2016. The tenant operates over 150 stores in 6 states. All locations back the performance of the lease. The current annual rent is $100,800.
Investment highlights
Long-Term Absolute NNN Lease with no Landlord responsibilities
100% Net Leased to Harp’s Food Stores, Inc who operates 150+ locations.
Located in Northwest Arkansas, one of the fastest growing areas in the country
Original Lease Term: 15 Years
Rent Commencement Date: 6/16/2016
Lease Expiration Date: 1/1/2032
Lease Term Remaining: ± 6 Years
Options: Nine (9), 5-Year Options
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