Net Lease Sprouts Property Profile and Cap Rates Date September 24, 2020
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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