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Jones Lang LaSalle (“JLL”) Capital Markets, Net Lease is pleased to exclusively offer a premier net lease opportunity to acquire a rare single tenant Sprouts Farmers Market (the “Property”) located in Estero, Florida, in the Fort Myers MSA which is 4th strongest MSA in the nation for net in-migration of residents over the past decade. Sprouts is positioned with premier frontage at a booming intersection with combined traffic counts of 71,000 VPD. The trade area is #1 in population growth and #4 in income level out of 23 Florida Sprouts locations.
ESSENTIAL GROCER WITH FOCUS ON INNOVATION
SPROUTS DISTRIBUTION CENTER ANNOUNCED FOR FLORIDA
NEW BUILDING WITH TRUE STREETSIDE FRONTAGE
INTERSECTION TRAFFIC HAS GROWN 33% IN 2 YEARS
NEW 15-YEAR LEASE WITH CORPORATE TENANT
MINIMAL LANDLORD OBLIGATIONS FOR ONLY ROOF & STRUCTURE (ROOF WARRANTY THRU MARCH 2040)
#1 FASTEST GROWING MARKET FOR SPROUTS IN FLORIDA
10.5% PROJECTED POPULATION GROWTH IN A 15-MINUTE DRIVE TIME
SERVES TARGET DEMOGRAPHIC OF SOUTHWEST FLORIDA
$95,000 AVG HH INCOME & 48% AGED 55 YEARS OR OLDER
LOCATED IN REGIONAL CENTER OF COMMERCE
690,000 PEOPLE IN A 30-MINUTE DRIVE TIME
POPULATION IS BOOMING IN THE FORT MYERS MSA
RANKED 4TH FOR NET IN-MIGRATION OVER THE PAST DECADE