14411 Hawthorne Blvd
Lawndale, CA 90260

Newmark Capital Markets and Gelber Realty Corporation are proud to present to qualified investors, the opportunity to acquire a brand-new single tenant Sprouts Farmers Market in the coveted South Bay submarket of Los Angeles. Located at the SEC of Rosecrans Avenue and Hawthorne Boulevard, two primary commercial and residential arterials, with a combined traffic count of 73,051. This location will pull from an expanded trade area that will include the cities of Manhattan Beach, El Segundo, Hawthorne, Torrance, Gardena, Westchester, and Lawndale.
The lease is comprised of a new 15-year primary term, three (3) five (5) year options. This fee simple offering is comprised of 31,240 square feet of improvements on 1.83 acres of land. The lease is NN with limited landlord responsibilities (roof/structure), providing a stable and predictable income stream. There will be a new roof with accompanying 20-year warranty to reduce any near-term capital expenditures.
Sprouts Farmers Market operates over 400 grocery stores across the U.S. and plans to open an additional 35 stores, including this one, in 2024. Publicly traded on Nasdaq under ticker SFM, they have experienced robust revenue growth, reporting over $6.8 billion in gross revenue in 2023. Their share price has increased 110% and 210% over the last year and two years respectively.
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