Sprouts Farmers Market will lease 30,000 square feet in the Promenade shopping center on Madonna taking a portion of the vacant former Forever 21 space. The news is confirmed by commercial real estate agent Ric Cervantes of the Shopping Center Group.
“I know San Luis Obipso has lots of vacant space and we hope the city will work with Sprouts so they can get in by the end of the year or early 2018” he said. Cervantes says Sprouts has signed a lease with the owner of the shopping center.
Since its founding in 2002, Sprouts has grown
rapidly – increasing its sales, store count and profitability they claim.The company went public in 2013.
With 256 stores in 14 states as of February 23, 2017, Sprouts as one of the largest healthy grocery stores selling fresh, natural and organic food in the United States. Locally, the grocer will go head to head with nearby organic grocers including Whole Foods and Lassen’s on Foothill.
The popularity of organic foods has grown nationwide with 82% of all households with some organic products in their cupboards according to a Nielsen survey. Sprouts markets its products as “healthy living for less”. Arizona-based Sprouts says they conjures up notions of an indoor farmers market, with wooden crates stacked with fresh produce and bins and barrels full of bulk foods.
Cervantes says he cannot confirm rumors that an adjacent space, some 25,000sf ,has been promised to Washington- based REI, the co-op sporting goods retailer. Other real estate agents are suggesting RIE will be part of the center using the company’s name on their marketing material.