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Sprouts Farmers Market 5821 Nolensville Pike

22,988 SF Retail Building Nashville, TN 37211 $11,450,000 ($498/SF) 5.20% Cap Rate

Retail Space Tennessee Nashville 5821 Nolensville Pike, Nashville, TN 37211

Investment Highlights

  • New construction, single-tenant Sprouts Farmers Market, 15-year net lease located on the rapidly growing Nolensville Pike retail corridor
  • Sprouts is one of the largest and fastest growing specialty natural goods grocery chains in the U.S. with over 391 stores in 23 states
  • Landlord responsible for roof and structure
  • Elevated, 2.85-acre site positioned at a signalized intersection
  • Sprouts Farmers Market (NYSM: SFM) generated $6.8 billion total net sales in 2023
  • 178,853 residents with an average household income of $99,683 within a 5-mile radius, Sprouts is 13.3 miles to Nashville

Executive Summary

Trophy single-tenant asset in tax-free Tennessee located on Nolensville Pike, one of the dominant commercial thoroughfares in Nashville.

Attachments

Sprouts_NashvilleTN

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
22,988 SF
Building Class
B
Year Built/Renovated
1989/2022
Price
$11,450,000
Price Per SF
$498
Cap Rate
5.20%
NOI
$595,389
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.19
Land Acres
2.85 AC
Parking
4.7 Spaces per 1,000 SF Leased
Frontage
515 FT on Nolensville Pike
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5821 Nolensville Pike, Nashville, TN - aerial map view

Nearby Major Retailers

Sprouts Farmers Market
Fifth Third Bank
Bank of America
Waffle House
Chase
Regions Bank
Starbucks
CrossFit
United Community Bank
Bar-B-Cutie

PROPERTY TAXES

Parcel Number 161-00-0-242 Improvements Assessment $1,445,040
Land Assessment $968,320 Total Assessment $2,413,360

PROPERTY TAXES

Parcel Number
161-00-0-242
Land Assessment
$968,320
Improvements Assessment
$1,445,040
Total Assessment
$2,413,360
(415) 274-7394

  • Listing ID: 29929280

  • Date on Market: 10/31/2023

  • Last Updated:

  • Address: 5821 Nolensville Pike, Nashville, TN 37211

The Retail Property at 5821 Nolensville Pike, Nashville, TN 37211 is currently available For Sale. Contact CP Partners CRE for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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5821 Nolensville Pike, Nashville, TN for sale Building Photo- Image 1 of 4
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5821 Nolensville Pike, Nashville, TN for sale Building Photo- Image 2 of 4
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5821 Nolensville Pike, Nashville, TN for sale Aerial- Image 3 of 4
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Sprouts Farmers Market | 5821 Nolensville Pike
(415) 274-7394 x

Sprouts Farmers Market | 5821 Nolensville Pike

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Joseph Caccamo

(415) 274-7394

(415) 274-7394

Lea Kuehnhackl

(415) 274-2700

(415) 274-2700

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