Sprouts Farmers Market Property in Venice, Florida Sells for $14.8 Million

SRS Real Estate Partners announced today it has completed the $14.8 million sale of a single-tenant property occupied by Sprouts Farmers Market located at 1120 Jacaranda Boulevard in Venice, FL. Built in 2025 and situated on 2.2 acres, the 23,250-square-foot property has approximately 19 years left on its corporate-guaranteed lease.

SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble represented the seller, a national real estate developer. The buyer was a Detroit-based private investor in a 1031 exchange.

"This transaction was a true team effort in collaboration with the buyer, their attorney, and their broker," said Wamble. "We were able to successfully navigate the nuances to the due diligence documents, as well as refer the buyer to our trusted contacts to help with property management and insurance services post-closing."

"Investors continue to be drawn to newly developed grocery-anchored assets with long-term lease security and strong demographic fundamentals," added Nutt. "This Sprouts property offered a rare combination of new construction, a long-duration corporate lease, and a location in a rapidly growing trade area, resulting in significant investor interest and a successful outcome for our client."

Headquartered in Phoenix, Arizona, Sprouts Farmers Market employs approximately 35,000 team members and operates more than 450 stores across 24 states nationwide. The company is recognized as one of the leading specialty grocery retailers in the United States.

The property serves as the anchor tenant within a larger retail development featuring five outparcels, including Tommy's Express Car Wash, and Heartland Dental. The development is strategically positioned just south of Interstate 75, providing excellent visibility and accessibility within one of Southwest Florida's fastest-growing residential corridors.

More than 100,000 residents and 34,000 employees live and work within a five-mile radius of the property. The location also benefits from its proximity to several major residential communities, including the newly developed 55+ community, Floridian Club. Additionally, the site is located approximately four miles northwest of Wellen Park, which recently ranked among the top 10 fastest-selling master-planned communities in the United States.

Last year, SRS Capital Markets completed more than $3.5 billion in deal volume comprised of 950 transactions across the nation. SRS currently has in excess of 845 properties actively on the market with a market value surpassing $3.7 billion.

About SRS Real Estate Partners

Founded in 1986, SRS Real Estate Partners is celebrating 40 years of going the extra mile for its clients. A leader in consumer-driven real estate, SRS provides commercial real estate solutions across retail, industrial, and capital markets. Headquartered in Dallas with 29 offices nationwide, the firm measures its success by the achievement of its clients' objectives, satisfaction, and trust. For more information, please visit srsre.com.