Sprouts Farmers Market

Sprouts Farmers Market, Inc., a healthy grocery store, provides fresh, natural, and organic food in the United States. The company’s stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli products, baked goods, dairy and dairy alternatives, frozen foods, body care and natural household items, and beer and wine. As of May 04, 2017, it operated 260 stores in 15 states. The company was founded in 2002 and is based in Phoenix, Arizona.

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S&P Rating: N/R
Moody Rating: N/R

Typical Lease Characteristics

Lease Term: 10 – 15 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate

Positives:

  • Loyal Customer Following
  • Specific Market Niche
  • Typically Long term leases with increases

Negatives:

  • Generally Low Cap Rates
  • Competitive Industry Sector
  • Susceptible to economic trends and pressures

Market Snapshots:

On Market Ranges:

# of Properties in set: 5

Price: $9,187,390 - $11,121,580Average: $9,670,941

PPSF: $280 - $360Average: $322

Year Built: 1964 - 2015Average: 1994

CAP Rate Range: 5.32% - 6.58%Average: 5.98%

Size range: 26,814 sq ft - 35,500 sq ft Average: 29,783 sq ft

Last 12 Month Range:

# of Properties in set: 7

Price: $8,617,290 - $10,994,480Average: $9,904,934

PPSF: $296 - $369Average: $315

Year Built: 2013 - 2016Average: 2015

CAP Rate Range: 5.46% - 6.28%Average: 5.87%

Size range: 24,866 sq ft - 28,806 sq ft Average: 26,969 sq ft

Sprouts Farmers Market Company Profile

Headquarters Information

Phoenix, Arizona

Founded in 2002

Company type: Public

Stock Ticker: SFM

Sector: Services

Industry: Grocery Stores

# of Employees: 24,000

S&P Rating: N/R
S&P Rating: N/R

Sprouts Farmers Market Stock Keys

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