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.