Sprouts Farmers Market
Lowest priced Sprouts in the Nation
Marketing description
The Meyer/Matthews Team at SVN Denver Commercial is pleased to present a prime retail grocer investment opportunity: a single-tenant Sprouts Farmers Market located in the heart of Colorado Springs. This meticulously maintained property has 8 years remaining on its corporate lease, with 10% rent increase in three years, as well as each option period, making it an ideal choice for passive investors seeking attractive returns in the daily needs grocery sector. Positioned as the primary anchor of a busy neighborhood center, this site benefits from one of the lowest Sprouts rental rates in Colorado, offering exceptional growth and residual value potential.
As the exclusive agent for the Seller, the Meyer/Matthews Team at SVN is pleased to present the opportunity to acquire a single-tenant net-leased corporate Sprouts Farmers Market (Nasdaq: SFM) located in the heart of Colorado Springs, Colorado. The subject property is 100% leased to Sprouts corporate with approximately 8 years remaining at a well below-market rental rate of $11/sf, which enhances long-term residual property value. There is a 10% rental rate increase in 3 years and in the three 5-yr option periods
Sprouts is one of the fastest-growing natural and organic grocery chains in the United States, operating over 460 locations across the country with a disciplined expansion strategy focused on high-income, high-growth markets. The company's smaller-format stores focus on fresh natural produce and a value pricing model have driven consistent traffic growth and resilient performance across economic cycles. Grocery spending remains a core household necessity, and with continued consumer interest in fresh, minimally processed foods, Sprouts is poised to continue to increase its market share.
As the primary anchor for the Dublin Village Shopping Center, the subject property is well-located in a busy neighborhood center with a strong tenant mix. The site also benefits from excellent visibility and signage along N. Academy Blvd., one of the busiest thoroughfares in the city. The adjacent Academy/Dublin intersection averages nearly 50,000 vehicles per day.
Investment highlights
- Located Along One of the Busiest Thoroughfares in Colorado Springs
- Lowest Price Point Sprouts STNL on the Market Nationwide
- Rent is Well Below Market at $11/SF | Corporate Guarantee
- New 10-Yr Roof Warranty | Recently Extended Lease
- Long-Term Occupancy | 17 Years at Current Location
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