Sprouts Farmers Market
$10,178,000
5821 Nolensville Pike, Nashville, TN 37211
For Sale
Retail
Free Standing
Active
Last Updated: 03/03/2025
5.85
Cap Rate
595,389
NOI
Details:
Cap Rate: 5.85%
NOI: $595,389
Building Size: 22,988 sqft
Lot Area: 2.85 acres
Year Built: 2023
Tenancy: Single
Parking Spots: 108
Highlights:
- New construction, single-tenant Sprouts Farmers Market, 15-year net lease located on the rapidly growing Nolensville Pike retail corridor (Nashville MSA population 2.01 million)
- Elevated, 2.85-acre site positioned at a signalized intersection
- Sprouts is one of the largest and fastest growing specialty natural goods grocery chains in the U.S. with over 391 stores in 23 states
- Sprouts Farmers Market (NYSM: SFM) generated $6.8 billion total net sales in 2023
- Landlord responsible for roof and structure
- 178,853 residents with an average household income of $99,683 within a 5-mile radius, Sprouts is 13.3 miles to Nashville
- Sprouts is located directly across from a Walmart Supercenter
- Surrounding tenants; Lowe’s, Chick-fil-A, Chase Bank, Fifth Third Bank, Discount Tire, Pep Boys, Starbucks, Big Lots, Walgreen’s, Extended Stay Suites, McDonald’s, Burger King, Kroger and Dollar Tree
- 9-miles from Nashville International Airport
Description:
Trophy single-tenant asset in tax-free Tennessee located on Nolensville Pike, one of the dominant commercial thoroughfares in Nashville.
JEFF LEFKO
jlefko@hanleyinvestment.com
PH: 949.585.7682
BRE License: #01942025
SCOTT REID
PARASELL, INC.
scott@parasellinc.com
PH: 949.942.6585
TN LIC# 264531
In Association with ParaSell, Inc.
PH: 949.942.6585
A Licensed Tennessee Broker #264531
Documents:
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Sprouts_NashvilleTN.pdf
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