Hanley Investment Group Real Estate Advisors and CP Partners arranged the $9.45 million sale of a newly constructed, single-tenant property occupied by Sprouts Farmers Market in Nashville, Tennessee.
The buyer, a private investor based in California, reflects continued demand from West Coast capital for income-producing assets in high-growth, tax-friendly states.
Hanley Investment Group’s Executive Vice President and Partner Jeff Lefko and Executive Vice President Bill Asher, in association with Joe Caccamo and Lea Kuehnhackl of CP Partners and ParaSell, Inc., represented the seller, RealtyLink, LLC, a private developer based in Greenville, S.C. The buyer, a private investor based in the Los Angeles area, was represented by Chris Thompson of JRW Realty in Pasadena, Calif.
The 22,988-square-foot Sprouts Farmers Market, built in 2023 on a 2.85-acre parcel, is strategically positioned at 5821 Nolensville Pike, a signalized intersection along Nashville’s rapidly growing retail corridor.
Located within the Nashville-Davidson–Murfreesboro–Franklin Metropolitan Statistical Area (MSA), which has a population of approximately 2.15 million, the site offers exceptional visibility and access within a dominant commercial thoroughfare.
The new triple-net lease features five five-year renewal options with rental increases every five years, providing a stable income stream for the investor. While the landlord is responsible for roof and structure, the property’s new construction and asset’s long-term lease and prime location make it a highly sought-after investment, according to Lefko.
