703 W Main St
Green Forest, AR 72638

Harp's Grocery Sale-Leaseback (New Construction) CBRE is pleased to offer for sale Harp' s Grocery, ±24,050 SF free-standing grocery store, situated on ±4.83 acres in Green Forest, Arkansas. The property is offered subject to a new 15-year lease to Harp' s Food Stores, Inc. Harp' s, an employee-owned American supermarket operating more than 80 stores, has operated since 1930. The property is new construction, scheduled for completion in Spring 2017. The offering is a rare opportunity for an investor to purchase an absolute NNN, free-standing grocery sale-leaseback leased to a strong, growing tenant and priced at replacement cost. Harp' s has been a part of the Green Forest community for a number of years with their existing location. The tenant will demonstrate their exceptional, ongoing commitment to this location by signing a new, long-term lease and by investing in the new construction in 2017. Pricing reflects only the tenant' s original basis in the land, cost of improvements and select soft costs with no built-in developer profit. City of Green Forest: This rural community, east of NW Arkansas, is home to a Tyson Foods poultry processing plant. Tyson announced in April 2016 that it would be adding a new processing facility near the existing poultry plant. The facility currently employees 1,250 people with an annual payroll of more than $37 million.