Sprouts Farmers Market Property In Venice Sold For $14.8 Million With SRS Real Estate Partners

The transaction involves the sale of a retail property located at 1120 Jacaranda Boulevard in Venice, Florida. This asset spans 23,250 square feet and sits on a 2.2-acre lot. The sale price for the property was $14,800,000, resulting in a price per square foot of $637. The property features a 19-year corporate-guaranteed lease, and it was built in 2025.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,800,000
• Square Footage: 23,250
• Price per Square Foot: $637
• Address: 1120 Jacaranda Boulevard
• Market: Venice, FL
• Acres: 2.2

SRS Real Estate Partners represented a national developer in this sale, with brokers Patrick Nutt and William Wamble involved in the transaction. The buyer, a Detroit-based 1031 exchange investor, was influenced by the strong demand for grocery-anchored retail in a growing trade area in Southwest Florida.