Although Sprouts Farmers Market continues to open new stores in densely populated areas in eight states the company has decided to close ten stores and is offering subleases. These comprise three units each in California and Texas, two in Georgia and one each in Florida and Washington State. The company operates 380 stores in 23 states and is both expanding their footprint and refurbishing some locations.
A&G Real Estate Partners is marketing the locations on behalf of Sprouts Farmers Market noting that the subleases are an opportunity for retailers at a time when new construction is prohibitive rents are expensive due to the dearth of new construction since the onset of the great recession.