Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Building Area

Property Description

Jones Lang LaSalle (“JLL”) Capital Markets, Net Lease is pleased to exclusively offer a premier net lease opportunity to acquire a rare single tenant Sprouts Farmers Market (the “Property”) located in Estero, Florida, in the Fort Myers MSA which is 4th strongest MSA in the nation for net in-migration of residents over the past decade. Sprouts is positioned with premier frontage at a booming intersection with combined traffic counts of 71,000 VPD. The trade area is #1 in population growth and #4 in income level out of 23 Florida Sprouts locations.


Investment Highlights

ESSENTIAL GROCER WITH FOCUS ON INNOVATION

SPROUTS DISTRIBUTION CENTER ANNOUNCED FOR FLORIDA

 

NEW BUILDING WITH TRUE STREETSIDE FRONTAGE

INTERSECTION TRAFFIC HAS GROWN 33% IN 2 YEARS

 

NEW 15-YEAR LEASE WITH CORPORATE TENANT

MINIMAL LANDLORD OBLIGATIONS FOR ONLY ROOF & STRUCTURE (ROOF WARRANTY THRU MARCH 2040)

 

#1 FASTEST GROWING MARKET FOR SPROUTS IN FLORIDA

10.5% PROJECTED POPULATION GROWTH IN A 15-MINUTE DRIVE TIME

 

SERVES TARGET DEMOGRAPHIC OF SOUTHWEST FLORIDA

$95,000 AVG HH INCOME & 48% AGED 55 YEARS OR OLDER

 

LOCATED IN REGIONAL CENTER OF COMMERCE

690,000 PEOPLE IN A 30-MINUTE DRIVE TIME

 

POPULATION IS BOOMING IN THE FORT MYERS MSA

RANKED 4TH FOR NET IN-MIGRATION OVER THE PAST DECADE

Last Updated Date: 03 Mar 2021
Michael Brewster
Michael Brewster
Director, Capital Markets
License details
FL-SL3280018
Brad Peterson
Brad Peterson
Senior Managing Director, Orlando Office Head
License details
FL-BK3162030 AL-000088844-0 GA-256948 NC-323216
Last Updated Date: 03 Mar 2021

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