Harps Food Store - Gravette, AR

SHOP Companies is pleased to present the opportunity for a qualified investor to acquire this Harps Food Store in the rapidly developing Northwest Arkansas Community of Gravette. Built in 2016, this single-tenant free-standing retail property is +/- 27,396 SF and sits on approximately 2.19 acres. At close of escrow, Harp's Food Stores, Inc. will execute a new, 15-Year, Absolute NNN Lease. Priced at only $88/SF, the offering represents exceptional value and at a fraction of replacement costs.

Harps Food Store is located at the SE corner of Atlanta St SE and 1st Ave SE in the center of downtown and is the only full-service grocery in Gravette. Just 15 miles from Bentonville, Gravette is located in Benton County (284,333 Pop-2020) and is included in the rapidly expanding metropolitan area of Northwest Arkansas (NWA). A strong corporate presence in NWA, anchored by Walmart, Tyson Foods, and J.B. Hunt Transport Services, Inc., has led to an exploding population, booming construction, and skyrocketing property prices. Just 25 minutes from Walmart's Home Office, Gravette is an attractive bedroom community for families that work in Fayetteville, Springdale, Rogers, etc.

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.

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