sprouts farmers market
Interested in selling your Sprouts Farmers Market NNN property or Sprouts Farmers Market ground lease property and wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market Sprouts Farmers Market NNN property for sale or Sprouts Farmers Market ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Sprouts Farmers Market NNN property or the inclusion of a Sprouts Farmers Market ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Sprouts Farmers Market properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of early 2025, Sprouts operates more than 440 stores across 24 U.S. states. The chain began in 2002.
Revenue and income
For the full year 2024, total net sales of Sprouts were US$ 7.7 billion, a ~13% increase compared with the prior year. As of Q1 2025, net sales for the quarter were US$ 2.2 billion.
Future plans
Sprouts has publicly stated a long-term ambition of expanding its footprint to more than 1,000 stores nationwide. The company continues to open new stores: e.g., in 2024 it added 33 new stores, and as of March 2025 had 443 stores.
Corporate vs. franchise
Sprouts is not a franchise chain; it is a single company operating its stores (i.e., corporate-owned). Its headquarter is in Phoenix, Arizona. It positions itself as a “farm-stand heritage” grocer, offering fresh produce and natural/organic foods, often with a smaller-format store — a different model compared to big traditional supermarkets.
Additional information sprouts farmers market Properties
1. Sprouts traces its roots to a 1943 fruit stand in San Diego operated by the Boney family; over the decades the business evolved and the first official Sprouts Farmers Market was founded in 2002 in Chandler, Arizona.
2. Headquarters: Phoenix, Arizona.
3. Sprouts is known for specializing in “natural and organic” groceries: fresh produce, bulk items, health-oriented foods, natural/organic packaged goods, etc.
4. It differentiates itself from traditional supermarkets by emphasizing wellness-oriented products — a “farmers-market under one roof” approach.
Sprouts Farmers Market History
Sprouts Farmers Market traces its origins to 1943, when the Boney family opened a small fruit stand in San Diego, California. Over the decades, the family expanded into natural foods through various grocery concepts, eventually leading to the creation of the first official Sprouts Farmers Market store in 2002 in Chandler, Arizona.
Designed to resemble an indoor farmers market, Sprouts focused on fresh produce, natural and organic foods, bulk items, and health-oriented grocery products. Its unique format—smaller than traditional supermarkets but more curated than typical natural food stores—quickly resonated with shoppers seeking healthier, affordable alternatives.
In 2011, Sprouts merged with Henry’s Farmers Market and Sunflower Farmers Market, consolidating several natural-foods banners under one rapidly growing brand. The company continued to expand aggressively, entering new states and strengthening its supply chain to support coast-to-coast distribution.
Today, Sprouts Farmers Market operates more than 440 stores across the United States, with a strategic focus on fresh, organic, plant-based, and wellness-driven products. Its commitment to a “farm-stand heritage” shopping experience, combined with competitive pricing and innovative store layouts, has positioned Sprouts as a leading natural grocery retailer in the U.S. market.
Why Invest in Ground Lease and NNN Lease of Sprouts Farmers Market?
Investing in Sprouts Farmers Market ground lease and triple net (NNN) lease properties offers strong advantages for long-term real estate investors:
1) Sprouts Farmers Market NNN Property Investment: Stable income
Sprouts is a well-established natural and organic grocery retailer with strong national growth. Its consistent customer base and solid financial performance make its NNN and ground lease properties reliable sources of long-term income.
2) Sprouts Farmers Market NNN Property Investment: Established tenant
As a recognized grocery brand focused on healthy, fresh, and organic products, Sprouts provides a stable and creditworthy tenancy. This lowers vacancy risk and enhances overall investment security.
3) Sprouts Farmers Market NNN Property Investment: Low management responsibility
In both ground leases and NNN leases, Sprouts typically handles taxes, insurance, maintenance, and operational expenses. This structure minimizes landlord responsibilities and creates a hands-off, passive investment.
4) Sprouts Farmers Market NNN Property Investment: Favorable lease terms
Sprouts often signs long-term leases with rent escalations, offering predictable cash flow and built-in income growth throughout the lease term. This makes them attractive options for 1031 exchange investors.
5) Sprouts Farmers Market NNN Property Investment: Real estate value
Sprouts locations are strategically positioned in densely populated, high-visibility retail corridors. These strong locations can enhance property value over time and create opportunities for capital appreciation.
Pros and Cons of Sprouts Farmers Market Ground Lease and NNN Lease Investment
Pros:
1. Stable income from a strong, growing grocery brand
2. Established tenant with nationwide expansion
3. Minimal management responsibility for landlords
4. Long lease terms with potential rental growth
Cons:
1. Lease renewal risk at the end of the term
2. Dependency on Sprouts’ operational performance
3. Retail competition and shifting consumer behavior
4. Limited control over property decisions
5. Interest rate changes, economic conditions, and local market trends can affect property value and cap rates.
Thorough due diligence—reviewing store performance, lease terms, location quality, and tenant financial strength—is crucial. Consult real estate experts and financial advisors to ensure the investment aligns with your objectives and risk tolerance.
MarketWatch: Sprouts Farmers Market
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