Ten Sprouts Farmers Market locations in five states are available for sublease by grocers and other large-format retailers. A&G Real Estate Partners is marketing the locations on behalf of Phoenix-based Sprouts.
Sprouts continues to open new stores across the country and closed these particular locations — in California, Florida, Georgia, Texas and Washington — as part of its overall strategic plan for real estate portfolio optimization, noted Joe McKeska, an A&G principal and leader of the firm’s grocery and restaurant industry practices.
“At a time of high occupancy and rents in strong retail corridors, not to mention astronomical costs for ground-up construction, these sublease deals are a rare opportunity to tap new markets and expand your reach,” McKeska said.
The majority of the stores, which range in size from 20,000 to 44,000 square feet, have from five to 10 years or more of remaining term. They are located in:
- California (Cupertino, Rocklin, West Hollywood)
- Florida (Wellington)
- Georgia (Atlanta, Duluth)
- Texas (Sugar Land and two Houston locations)
- Washington (Lynnwood)
“This year alone, Sprouts has opened, or announced plans to open, new locations in Nevada, Florida, California, Maryland, Virginia, Arizona, Tennessee and Texas,” McKeska said. “Like all smart retailers, Sprouts is continually evaluating its portfolio and engaging in strategic store closures, relocations and sublease arrangements. These resulting subleases are a chance for other operators to locate in established retail areas with exceptional visibility.”