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Sprouts Farmers Market | Rare 20-YR Lease 1019 Lyons Rd 23,256 SF Retail Building Coconut Creek, FL 33063 $20,652,637 CAD ($888.06 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare 20-Year Net Lease to leading organic grocer in the Miami MSA
- Strategically located at regional intersection (58,000 VPD) across from Wynmoor Village (9,000 residents), Broward College, Atlantic Technical College
- Newly constructed prototype with 20-year roof warranty
- Uniquely Passive Ownership-POA Manager maintains premises outside of building envelope making this a more passive investment compared to similar deals
- 135,000 people with an AHHI of over $85,000 live within 3 miles
- Fee simple ownership allows for depreciation of the building boosting after tax returns
EXECUTIVE SUMMARY
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this new 20 Year Sprouts Farmers Market lease in Coconut Creek, FL. Sprouts is scheduled to open May 9.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
23,256 SF
Building Class
C
Year Built
2025
Price
$20,652,637 CAD
Price Per SF
$888.06 CAD
Cap Rate
5.25%
NOI
$1,084,281 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
2.92 AC
Zoning
PCD - Planned Commerce District
Frontage
170’ on Coconut Creek Parkway
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Sprouts Farmers Market
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Sprouts Farmers Market | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 48-42-31-33-0040 | Improvements Assessment | $53,938 CAD |
| Land Assessment | $3,559,010 CAD | Total Assessment | $3,612,948 CAD |
PROPERTY TAXES
Parcel Number
48-42-31-33-0040
Land Assessment
$3,559,010 CAD
Improvements Assessment
$53,938 CAD
Total Assessment
$3,612,948 CAD
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Sprouts Farmers Market | Rare 20-YR Lease | 1019 Lyons Rd
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