Sprouts Farmers Market - Dallas, TX

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 19,867 square foot freestanding, single-tenant Sprouts Farmers Market located at 17795 Dallas Parkway in Dallas, Texas (“Property” or “Asset”). The Asset is brand-new, state-of-the-art construction that was built-to-suit for Sprouts in 2022.

The Asset is 100% corporately leased to Sprouts (NASDAQ: SFM), one of the largest and fastest growing specialty natural goods grocery store chains. Sprouts plans to open 35 new stores in 2024, representing 10% annual unit growth, already adding 7 new stores during Q1. Sprouts is currently operating on a 15-year NN lease, with ±13.7 years remaining, various rental escalations, and four, five-year renewal options.

The Property is positioned in Far North Dallas, a wealthy and family-focused community with average household incomes exceeding $134,000 in a one-mile radius. Sprouts sits along Dallas Parkway, a frontage road to Dallas North Tollway, providing direct visibility to more than 219,000 vehicles per day. The surrounding five-mile radius provides access to more than 392,000 residents, representing 14.6% population growth since 2010.