HARPS FOOD STORE/PAD SITE 1945 BUTTERFIELD COACH ROAD, SPRINGDALE, AR
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1 Details Harps Sale Price $2,800,000 PAD Site Sale Price $495,000 PAD Site Lot Size +/-1.27 Acres Property Overview The property consists of a 27,824 square foot free standing grocery store 100% leased to Harps Food Store for an initial 20 year term with approximately 3 years remaining. At the end of the primary 20-year term, the tenant has seven, 5-year options to renew. The property is well located at the intersection of E. Robinson Ave. (Hwy. 412) and Butterfield Coach Road with traffic counts of 19,000 to 20,000 VPD. Property has a 1.27 acre PAD site ready for development. Building Size +/-27,824 SF Property Highlights Year Built 2001 Zoning C-2 - "General Commercial District" 1.27 acre PAD site ready for development Attractive, growing grocery chain with long history of success: founded in 1930, Harp's now operates 85+ stores with more openings planned. Located within a growing commercial corridor.
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4 Retail Investment For Sale Property For Sale Demographics Snapshot 1 Mile 3 Miles 5 Miles Total Population 4,108 30,364 72,501 Population Density 4,108 30,364 72,501 Median Age Median Age (Male) Median Age (Female) Total Households 1,242 9,551 24,853 # of Persons Per HH Average HH Income $46,722 $50,651 $55,132 Average House Value $158,538 $180,391 $212,484
5 Retail Property For Sale 1945 Butterfield Coach Road, Springdale, AR JOSH SINGLETERRY Associate Director Newmark Moses Tucker Partners 805 S Walton Blvd, Suite 690 Bentonville, AR C T jsingleterry@newmarkmtp.com Professional Background Josh Singleterry has been an associate of Newmark Grubb Knight Frank since Mr. Singleterry graduated from the University of Arkansas in 2007 with a Bachelor s Degree in Finance with a concentration in Real Estate. After graduation, Mr. Singleterry pursued a career in commercial lending. As the AVP/Branch Manager and Loan Officer. His duties included the management of the deposit operations as well as originating consumer and commercial loans. In 2012, Mr. Singleterry joined Butler Burgher Group (BBG), a national valuation, advisory and assessment firm as a Lead Appraiser. Mr. Singleterry has diligently worked towards building a solid foundation in numerous fields of real estate valuation including single asset and portfolio valuation, market analysis, feasibility studies, lease and cost analysis and highest and best use studies. During his time at BBG, assignments included the valuation of retail shopping centers, proposed and existing single-tenant free standing retail and office buildings, warehouses, single and multi-tenant retail and office buildings, single-tenant industrial buildings and net lease properties. Since 2012 Mr. Singleterry has analyzed and valued over 150 net lease properties, specifically Dollar Stores across the nation. In 2015, Mr. Singleterry transitioned into full time brokerage with Newmark Grubb Arkansas and has successfully closed in excess of $20,000,000 in transactions. Representative Transactions: Retail Portfolio; (6 Properties); $27,000,000; various sites Stadium Apartments; Retail & Multifamily; $6,675,000; Fayetteville, AR Dollar General Portfolio; (2 Properties); $1,681,133; Arkansas Dollar General; $320,000; Cedarville, AR Dollar General; $485,000; El Dorado, AR
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