Grocery Store
Sprouts – Newly Constructed Property with 15 Year Lease
2060 S Hacienda Blvd, Hacienda Heights, CA 91745
Listing Price: $19,277,500
Cap Rate
5.00%
Tenant Name
Sprouts
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
23,737
Lease Type
Double Net
Rent Per Square Feet
$40.61
Investment Overview
2060 S. Hacienda Blvd., Hacienda Heights, CA
Sprouts – Newly Constructed Property with 15 Year Lease
Investment Highlights
- 15-YEAR NN LEASE | ROOF & STRUCTURE LANDLORD RESPONSIBILITY: Recently Commenced Lease with 15 Years Remaining. Minimal Landlord Responsibilities with Roof + Structure Long-Term Warranties Included on
- 10% RENT BUMPS EVERY 5 YEARS | THREE 5-YEAR OPTIONS: Contractual Growth That Provides Market-Based Upside Every Five Years; Tenant Has Option To Extend Through Three Additional 5-Year Periods.
- FULLY RENOVATED / RE-BUILT PROPERTY | MODERN BIG-BOX FOOTPRINT (23,737 SF ON 1.93 ACRE PAD):Originally Built in 1970, With Full Renovation In 2025; Positioned To Accommodate Sprouts' Modern Prototype.
- PREMIER SOUTHERN CALIFORNIA RETAIL NODE | POSITIONED IN A DENSE COMMUNITY TRADE AREA: Located At 2060 S. Hacienda Blvd., Hacienda Heights (Los Angeles County) — A High Visibility Location Within A Major Retail Corridor With Strong Consumer Demographics.
- PUBLICLY TRADED, CREDIT-BACKED TENANT | SPROUTS FARMERS MARKET (NASDAQ: SFM): Tenant Is A Public Company With Robust Financial Performance: 2024 Net Sales Of ~$7.72 B (~13% Growth) And Over 478 Stores Across 24 States.
Exclusively Listed By
Grocery Store
Sprouts – Newly Constructed Property with 15 Year Lease
Listing Price: $19,277,500
Cap Rate
5.00%
Tenant Name
Sprouts
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
23,737
Lease Type
Double Net
Rent Per Square Feet
$40.61
Investment Highlights
- 15-YEAR NN LEASE | ROOF & STRUCTURE LANDLORD RESPONSIBILITY: Recently Commenced Lease with 15 Years Remaining. Minimal Landlord Responsibilities with Roof + Structure Long-Term Warranties Included on
- 10% RENT BUMPS EVERY 5 YEARS | THREE 5-YEAR OPTIONS: Contractual Growth That Provides Market-Based Upside Every Five Years; Tenant Has Option To Extend Through Three Additional 5-Year Periods.
- FULLY RENOVATED / RE-BUILT PROPERTY | MODERN BIG-BOX FOOTPRINT (23,737 SF ON 1.93 ACRE PAD):Originally Built in 1970, With Full Renovation In 2025; Positioned To Accommodate Sprouts' Modern Prototype.
- PREMIER SOUTHERN CALIFORNIA RETAIL NODE | POSITIONED IN A DENSE COMMUNITY TRADE AREA: Located At 2060 S. Hacienda Blvd., Hacienda Heights (Los Angeles County) — A High Visibility Location Within A Major Retail Corridor With Strong Consumer Demographics.
- PUBLICLY TRADED, CREDIT-BACKED TENANT | SPROUTS FARMERS MARKET (NASDAQ: SFM): Tenant Is A Public Company With Robust Financial Performance: 2024 Net Sales Of ~$7.72 B (~13% Growth) And Over 478 Stores Across 24 States.
Investment Overview
2060 S. Hacienda Blvd., Hacienda Heights, CA
Exclusively Listed By
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