Sprouts Farmers Market To Open In Southwood Shopping Center, West Deptford
875 Mantua Pike
Building Size
23,252 SF
Asset Type
Retail
Closing
Nov 1, 2023
AI
A former ALDI unit in West Deptford's Southwood Shopping Center is set to be transformed into a Class A retail mall, with Sprouts Farmers Market taking its place. Located at 875 Mantua Pike, the retail space spans 23,252 square feet, providing ample room for Sprouts Farmers Market to showcase its offerings.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 875 Mantua Pike
- Market: West Deptford
- Square Footage: 23,252
Sprouts Farmers Market, a renowned grocery store chain, will occupy the former ALDI unit in the Southwood Shopping Center. The company offers a wide range of fresh produce, organic foods, and other healthy grocery options. With this new addition, West Deptford residents will have access to a diverse selection of quality products. The deal was facilitated by Jack Sinclair, Sprout Farmers Market's representative, and Corinne Giletto, the broker from Vantage Commercial.
Players
Woodbury Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93