Tenant: Harp’s Food
Premises: 31500 SF
Renewal Options: 8 x 5
Lease Expiration: 08/31/2032
Lease Type: NNN
Rental Increases: 8 x 5
- Security Through Long Term Lease
- Absolute Triple Net (NNN) Lease – Zero Landlord Responsibilities
- Successful Location with Strong Store Sales – Nearly $10 Million in 2014
- Low Rent to Sales Ratio of 3.65%
- New Construction – Built in 2012
- Tenant has Long Term Operating History in Immediate Trade Area – Tenant Relocated from Across Har-Ber Road
Harvard and Floy Harp founded Harps in 1930. They started the first store with $500 in cash that Harvard had saved while working in the citrus industry in California. The first store was Harps Cash Grocery and was located in Springdale, AR. Over the next 34 years they remodeled, expanded, and moved to bigger buildings as their business continued to grow. In 1964 Harps became a small chain when the second store was opened in North Springdale.
Harvard and Floy Harp founded Harps in 1930. They started the first store with $500 in cash that Harvard had saved while working in the citrus industry in California. The first store was Harps Cash Grocery and was located in Springdale, AR. Over the next 34 years they remodeled, expanded, and moved to bigger buildings as their business continued to grow. In 1964 Harps became a small chain when the second store was opened in North Springdale.