Sands Investment Group is pleased to exclusively offer for sale a rare brand-new Sprouts Farmers Market NNN located at 5821 Nolensville Pike in Nashville Tennessee, currently the highest demand investment market in the country for commercial real estate. Sprouts Farmers Market is a publicly traded company with over 395 stores in 23 states and rapidly growing and expanding due to high consumer demand nationally. The property benefits from a brand new 15-Year Triple Net (NNN) Lease with minimal Landlord Responsibilities. With embedded rent increases every 5 Years, this asset provides a long-term secure investment, hedge against inflation with a pandemic, recession and an internet resistant tenant. Ideally located on an elevated padsite with over 500’ of linear frontage along Nolensville Pike, Sprouts is strategically located in one of the highest demand areas for housing development in the city. The immediate area consists of a synergistic mix of national and regional credit tenants with Sprouts leading the market amongst the grocery store competition as far as both quality and price of food. The immediate trade area also consists of extremely low retail vacancy of less than 1.50% with high demand from other retailers looking to enter the market and very limited supply.
Sprouts Farmers Market on Nolensville Pike is the second Sprouts location within the Nashville market.
BEST-IN-CLASS INVESTMENT
- Brand New Built-to-Suit Sprouts Farmers Market With a 15 Year Triple Net (NNN) Lease Featuring Minimal Landlord Responsibilities
- Inflation Protection: Rare $0.50/SF Rental Increases Every Five (5) Years, Providing a Hedge Against Inflation and Ensuring Steady Revenue Growth
- Corporate Guaranteed Sprouts Farmers Market Lease – (NASDAQ: SFM) – Publicly Traded Company With Over 395 Stores in 23 States and Growing
STRONG NATIONAL DAILY NEEDS & NECESSITY BASED TENANT
- Strong National Daily Needs Tenant – Sprouts Farmers Market Reported Annual Sales of $6.4 Billion in 2022 and Projects to Open 30 New Locations in Fiscal 2023
- Grocery Stores Provide a “Daily Needs” For Consumers Making the Property Recession and Pandemic Resistant, with Sprouts setting a benchmark amongst the top most competitive grocery store operators for both price and quality of foods
- Sprouts Grew Its E-Commerce Sales By 11% in 2022 Demonstrating Its Ability to Evolve and Flourish in an Internet Based Environment
- The Company Was Listed on 2023 “100 Most Sustainable Corporations in the World” By Corporate Knights
CORE INFILL TROPHY NASHVILLE LOCATION
- Generational Opportunity to Purchase a Brand New Construction Sprouts Farmers Market in Nashville, the second of only two Sprouts in Nashville and situated what is currently the highest area of housing demand and growth throughout greater Nashville
- Nashville Ranked #5 on Southern Living’s The South’s Best Cities 2023 (March 2023)
- The Wall Street Journal Named Nashville the Country’s Hottest Job Market in 2022 For Regions With at Least One Million People
- Strong Traffic Counts – Over 35,000 Vehicles Per Day on Nolensville Pike
- Affluent Trade Area – Average Household Income Over $92,000 Within a 3-Mile Radius
- Dense Population Base – Over 95,000 People Within 3-Miles
- Nearby Retailers and Businesses Include: Walmart, Lowe’s, Kroger, Dollar Tree, Bigs Lots, Chase Bank, Discount Tire, and McDonald’s – to name a few
In Cooperation With Sands Investment Group Tennessee, LLC Lic. #263973 BoR: Tom Gorman – Lic. TN #370394
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