Sprouts

CONTACT US REGARDING THIS LISTING

Patrick Hammond

Senior Advisor

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PROPERTY ADDRESS

800 NE 297 Highway, Lees Summit, MO 64086

PROPERTY INFORMATION

Price:
$7,303,000
Cap Rate:
6.15%
Term Remaining:
7.5 years Years
Year Built:
1999
Status:
Available

INVESTMENT HIGHLIGHTS

  • Strong BB– Credit | $4.66 Billion FY17 Corporate Revenue
  • Increasing Credit Strength | Rapid Corporate Unit & Revenue Growth
  • Building Constructed 1999 | New Sprouts Remodel 2016
  • New 10-Year NN Lease | 7.5+ Years Remaining
  • Offered Free and Clear
  • Primary Retail Corridor Position | Over 27,000 VPD
  • 3.19% Projected 5-Mile Population Growth (2018-2023)
  • Nearly $100,000 Average Household Income Within 5-Mile Radius
  • Corporate Lease With SFM, LLC (Sprouts Holding Company)
  • Minimal Local Grocery Competition | Strong Grocery Sales Market