319 E Buchanan St - Supermarket FOR SALE


Prairie Grove, AR 72753
$1,680,000 USD
501-247-5285
319 E Buchanan St, Prairie Grove, AR for Sale
$1,680,000 USD
Supermarket - FOR SALE
1/5
null | 6% Cap Rate

319 E Buchanan St
Prairie Grove, AR 72753


OVERVIEW

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% Absolute Net Leased to Harps Good 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 Increases: Flat through initial term and options Options: Nine (9), 5-Year Options

FOR SALE DETAILS

PRICE

$1,680,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

109

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

Commercial

APN/PARCEL ID

805-19199-000,805-19200-000,805-19201-000,805-19201-001

ASK ABOUT THIS PROPERTY

Matt ImhoffImhoff CommercialMore Info
501-247-5285

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Matt ImhoffImhoff CommercialMore Info
501-247-5285

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