In March, Sprouts Farmers Market said it planned to close 11 unprofitable locations during the first half of the year. But the health-focused grocer did not reveal the stores slated for closure at the time.
On Tuesday, however, A&G Real Estate Partners announced that 10 Sprouts Farmers Market subleases are available in five states, ranging from 20,000-40,0000 square feet.
Sprouts executives had previously said all the stores scheduled to close are 30% larger than the grocer’s now-preferred footprint of about 23,000 square feet, but one store on the list is 20,901 square feet.
During a call with analysts late Monday, Sprouts executives said it had already closed one of the 11 stores on its original list.
Here are the 10 Sprouts stores up for closure and listed as a sublease opportunity for “national & regional retailers and grocery store/supermarket operators” by A&G Real Estate Partners:
- 20558 Stevens Creek Blvd.; Cupertino, Calif. (20,901 square feet, lease expires Dec. 31, 2024)
- 6760 Stanford Ranch Road; Rocklin, Calif. (36,041 square feet, lease expires June 30, 2026)
- 8550 Santa Monica Blvd.; West Hollywood, Calif. (25,000 square feet, lease expires July 31, 2034)
- 820 S. State Road 7; Wellington, Fla. (30,158 square feet, lease expires March 31, 2034)
- 4600 Roswell Road NE; Atlanta, Ga. (25,826 square feet, lease expires Sept. 30, 2030)
- 2220 Peachtree Industrial Blvd.; Duluth, Ga. (29,896 square feet, lease expires May 31, 2031)
- 11940 Westheimer Road; Houston, Texas (32,945 square feet, lease expires Aug. 31, 2028)
- 1212 Old Spanish Trail; Houston, Texas (44,894 square feet, lease expires Oct. 31, 2035)
- 13550 University Blvd.; Sugar Land, Texas (29,906 square feet, lease expires Jan. 31, 2034)
- 19630 Hwy 99; Lynnwood, Wash. (29,896 square feet, lease expires Feb. 28, 2034)
Sprouts executives previously said the company originally planned on closing the grocery stores in 2020 as company strategy shifted to a smaller footprint, but realized the timing didn’t serve its customer base.
“We consciously decided not to close those stores as the pandemic struck, so our communities would have access to fresh, healthy groceries,” CFO Lawrence “Chip” Molloy told analysts in March.
On Monday, Sprouts released its earnings for the first quarter ended April 2, reporting same-store sales growth of 3.1% and net sales of $1.7 billion, up 6% from the year-ago period. Sprouts said it remains on track open 30 new stores this year.
The store closures cost the Phoenix-based grocer about $28 million during the first quarter, largely due to employee severance and other costs.