Hanley Investment Group and CP Partners Facilitate $9.45 Million Sale of Newly Built Single-Tenant Sprouts Farmers Market in Nashville to California Investor

NASHVILLE, Tenn. - Hanley Investment Group Real Estate Advisors and CP Partners announced today they have arranged the $9.45 million sale of a newly constructed, single-tenant property occupied by Sprouts Farmers Market in Nashville, Tenn. 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.

"We generated multiple competitive offers from West Coast-based private investors for this trophy single-tenant asset, ultimately selecting a Southern California-based buyer and negotiating a quick 22-day escrow," said Lefko. "The strong response underscores the steady demand we're seeing from this buyer pool for high-quality, net-leased assets backed by essential retailers in growth markets - momentum that continues to maximize value for sellers."

Lefko added, "The compelling thing about Sprouts transactions is the vast majority are sold to Western U.S. buyers. According to CoStar, there were 17 single-tenant net-leased Sprouts sold between 2019 and 2025 (where a buyer was reported); of those, 15 were sold to buyers based in the Western U.S., and it makes a lot of sense. Sprouts has been a Western U.S. company since it was founded over 23 years ago, and Western U.S. investors have a comfort level with Sprouts' business model that East Coast investors might not have."

Lefko continued, "As Sprouts ramps up its nationwide expansion, developers should understand who the buyers are for these assets and where they're coming from. Our extensive reach and ability to engage with active investors helps streamline transactions and provides a direct conduit to attractive investment opportunities, making these deals highly efficient for both sellers and buyers."

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.

Sprouts Farmers Market (Nasdaq: SFM) is one of the largest and fastest-growing specialty natural and organic grocery chains in the United States. As of March 30, 2025, Sprouts operates 443 stores across 24 states. The company reported $7.7 billion in total net sales in 2024, a 13% increase from 2023, and continues a robust growth strategy, aiming to open at least 35 new locations in 2025, expanding its footprint and market share. Sprouts is renowned for its distinctive farmers market-style shopping experience, promoting natural wellness through a curated selection of health-conscious and innovative products.

The Nashville location benefits from robust demographics, with 178,853 residents and an average household income of $99,683 within a five-mile radius. The property is ideally situated across from a Walmart Supercenter and surrounded by national retailers, including Lowe's, Chick-fil-A, Chase Bank, Starbucks, Walgreens, and Kroger. Downtown Nashville is just 13.3 miles away, and Nashville International Airport is only nine miles from the site.

Nashville, often dubbed "The Music City," is a powerhouse economy, ranking fourth in best-performing cities economically, bolstered by a burgeoning job market. The music industry alone contributes an estimated $10 billion per year and provides 56,000 jobs. Further enhancing the city's economic outlook, Oracle is relocating its worldwide headquarters to Nashville by 2030, projected to bring approximately 8,500 jobs. Major employers like Nissan North America (11,000 employees), HCA Healthcare, Inc. (10,600 employees), and Amazon.com (4,000 employees) further solidify the region's economic strength.

"This sale demonstrates continued liquidity for high-quality retail assets, especially for developers and investors looking to strategically redeploy capital," said Caccamo. "We anticipate sustained demand for retail properties leased to grocery store tenants in growing markets throughout 2025 and beyond, as investors seek stable, long-term income streams."

About Hanley Investment Group

Hanley Investment Group has sold $1.7 billion in grocery net-leased assets nationwide. Celebrating 20 years, Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with a $12 billion transaction track record that specializes in the sale of retail properties nationwide. Our expertise, proven track record, and unwavering dedication to putting clients' needs first set us apart in the industry. Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology, and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers, and 1031 exchange buyers are unparalleled in the industry, translating into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties. For more information, visit www.hanleyinvestment.com [http://www.hanleyinvestment.com/].

About CP Partners

CP Partners is a national commercial real estate brokerage firm headquartered in San Francisco with over $9.5 billion in transaction volume. The company specializes in the sale of net-leased retail properties, shopping centers, medical office, and office/industrial assets nationwide. CP Partners delivers exceptional results through strategic market insight, targeted marketing, and hands-on execution. With deep relationships across the investment community and a collaborative, client-first approach, CP Partners has redefined how investors and developers navigate commercial property sales. For more information, visit www.cppcre.com [https://cppcre.com/].

About RealtyLink

RealtyLink, LLC is a regional commercial development company providing a full spectrum of services for restaurants and retail tenants, including market analysis, site selection, construction management, project funding, sale leasebacks, and more. Headquartered in Greenville, South Carolina, RealtyLink has completed the development of more than a 1,000 nationally known restaurants and retail establishments throughout the southeast.

Media Contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Jeff Lefko, Executive Vice President & Partner
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=hanley-investment-group-and-cp-partners-facilitate-945-million-sale-of-newly-built-singletenant-sprouts-farmers-market-in-nashville-to-california-investor]
Phone: 949.585.7682
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/

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