6400 Veterans Ave - Storefront FOR SALE


Fort Smith, AR 72916- Fort Smith Eastside
$11,475,000 USD
405-205-8489
6400 Veterans Ave, Fort Smith, AR for Sale
$11,475,000 USD
Storefront - FOR SALE
1/6
null | 6.6% Cap Rate

6400 Veterans Ave
Fort Smith, AR 72916
Fort Smith Eastside


HIGHLIGHTS

  • Brand New Construction Harps Food Store, Fort Smith, AR
  • Corporate Grocery Sale-Leaseback: At Close of Escrow, Harp's Food Stores, Inc. Will Execute a New 15-Year Absolute NNN Lease
  • Strategically Located in Chaffee Crossing, the Region’s Premier Master-Planned, Mixed-Use Development
  • Adjacent to Arkansas College of Health, Mercy Rehabilitation Hospital, and The Prairie at Chaffee Crossing (2025 Construction, 180-Unit Multi-Family)
  • U.S. Air Force Recently Announced The F-16 and F-35 Foreign Sales Fighter Pilot Training Program Will Relocate To Ebbing Air National Guard Base
  • Market Dominant Grocer: Scheduled to Open in the Fall of 2025, Chaffee Crossing Will Be Harp’s 5th Fort Smith Location

OVERVIEW

SHOP Companies is pleased to present the opportunity for a qualified investor to acquire a new-construction Harps Food Store located in the rapidly developing southeastern end of Fort Smith known as Chaffee Crossing. Scheduled to open in the fall of 2025, this single-tenant freestanding grocery property spans +/- 39,287 SF and sits on approximately 4.625 acres. At close of escrow, Harp's Food Stores, Inc. will execute a new, 15-Year, Absolute NNN Lease. Harps is immediately adjacent to Arkansas College of Health, Mercy Rehabilitation Hospital, The Prairie at Chaffee Crossing (180-unit upscale multi-family) and several other new single and multi-family developments and commercial developments. Located at the SW quadrant of Hwy 255 and Veterans Ave in the heart of booming Chaffee Crossing, Harps is ideally positioned to thrive within one of the region’s newest and most unique master planned communities. Anchored by Arkansas College of Health Education, Chaffee Crossing will interconnect several communities along the I-49 corridor within an upscale, historic, trail-connected live/work/play community. Beginning with the I-49 River Bridge (currently under construction), Arkansas Department of Transportation (ARDOT) has approved the construction of a $1.5B, 14-mile segment of I-49 to connect Barling to Alma, providing a direct route to Fayetteville, Joplin and Kansas City. In a recent announcement, Ebbing Air National Air Force Base, located just ten minutes from Harps, was awarded the F-16 and F-35 Foreign Sales Fighter Pilot Training Program. This huge win for Fort Smith and the Chaffee Crossing community will bring over 1,500 families over the next three years and over $1B in economic impact to the region. Founded in 1930, Harps has grown steadily to nearly 150 stores and over $1.55B 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

$11,475,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Multiple

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harps - Chaffee Crossing (Fort Smith, AR)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.62 AC

LAND SF

201,247 SF

ZONING

Commercial

APN/PARCEL ID

14800-0001-00000-00

ASK ABOUT THIS PROPERTY

Will LightfootSHOP CompaniesMore Info
405-205-8489

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

Will LightfootSHOP CompaniesMore Info
405-205-8489

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