Sprouts | Brand New Prototype Store

1040 Chen Parkway, McDonough, GA 30253

Property Description

Price: $11,000,000
Cap Rate: 5.29%
Gross Leasable Area: ±23,256 Square Feet
Year Built: 2024

Investment Highlights

Brand New 15-Year Corporate Guaranteed Sprouts Farmers Market

#1 Visited Sprouts in the Entire State of Georgia According to Placer.ai (Please Contact Agent for More Details)

Trophy Net Leased Asset with Leading Organic Grocer in the Atlanta MSA

Attractive Seller Financing Available with a Below-Market Interest Rate (Please Contact Agent for More Details)

Prime Retail Location

  • Located Near Interstate 75 with Traffic Counts Exceeding 167,000 Cars Per Day | I-75 is a Major Highway that Connects Miami to Detroit
  • Newly Constructed Prototype Store with a 20-Year Roof Warranty
  • Multiple Residential Developments Next Door Including The Levi Luxury Apartments (±660 Brand New Apartments/Townhomes), 66 Single Family Houses, and a New 200 Unit Senior Living Center
  • The Subject Property is Part of a Brand-New Master Planned Development with a Number of Premium Retailers Including Whataburger, Chick-fil-A, Starbucks, Bank of the Ozarks, First Watch, Bubba’s 33, Valvoline, Costco, Chipotle, Hacienda Bar & Grill, Lush Nail Bar, and Many More

Corporate Sprouts Farmers Market

  • NNN Property with Minimal Landlord ResponsibilitiesIdeal for Investors Not Local to the Market
  • Sprouts Generated $7.72 Billion in Revenue in 2024 – a 13% Increase Over 2023 and Comparable Store Sales Growth of 7.6% | Sprouts Plans to Open 35 New Stores in 2025
  • Publicly Traded Company (NASDAQ: SFM) with Over 440 Locations and 35,000 Employees
  • Fixed Rental Increases Provide Consistent Rental Growth and a Hedge Against Inflation

Pride of Ownership Property in McDonough, GA

  • Dense, Infill Location with Over 102,000 Residents Within 5 Miles | Affluent Area with the Average Household Income Exceeding $94,000 Within 5 Miles
  • The Surrounding Area Benefits From a Very Low Unemployment Level of 2.62%
  • Access to Major Interstate Corridor with Easy Access to Downtown Atlanta Makes the Local Market an Industrial & Distribution Hub with ±8.8M Square Feet of Industrial Properties
  • Atlanta is the 3rd Fastest Growing MSA in the United States and is the Economic Hub of the Southeast

 

Broker of Record: John Leonard – 1100 Abernathy Road NE, Building 500, Suite 600, Atlanta, GA 30328

Phone: (678) 808-2700 | License: 252904

Contact Information

Craig Elster
Senior Director Investments
(949) 419-3223
[email protected]
License: CA 01958307

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643

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