Net Lease Sprouts Property Profile and Cap Rates

Net Lease Sprouts – Typical Property and Lease Terms

 

Price Range:	$9M - $13M
Cap Rate:	5.50% - 6.50%
Net Income:	$500,000 - $725,000
Price Per foot:	$360 PSF - $500 PSF
Building Size:	25,000 SF - 35,000 SF
Lot Size:	2.5 Acres
Escalations:	$1.25/SF Every 5 Years
Lease Term:	15 Years
Lease Type:	NN
Credit Rating:	NR

 

Tenant Company Information:

Sprouts Farmers Market, Inc., is a supermarket chain headquartered in Phoenix, Arizona, US. The grocer offers a wide selection of natural and organic foods, including fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, natural body care and household items. Sprouts employs more than 35,000 workers and operates more than 340 stores in 23 states.[2] A typical store is around 30,000 square feet.[3] Fortune included Sprouts on its list of the World’s Most Admired Companies in 2018 and 2019

 

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