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16900 N 144th Ave 50,250 SF 87% Leased Retail Building Surprise, AZ 85374 $40,142,472 CAD ($798.86 CAD/SF) 6% Cap Rate



Investment Highlights
- Premier Retail in Surprise’s Emerging City Center
- Regional Tourism & Recreation Traffic
- Strong Institutional & Educational Demand Drivers
- Weekly Farmers Market Driving Community Foot Traffic
Executive Summary
Premier Retail in Surprise’s Emerging City Center
Newly constructed retail and dining destination designed within a walkable “Main Street” environment at the heart of Surprise’s growing city center.
Strong Institutional & Educational Demand Drivers
Immediate proximity to the City of Surprise municipal complex and Ottawa University’s expanding campus provides a consistent built-in customer base.
Regional Tourism & Recreation Traffic
Located near Surprise Stadium and Surprise Community Park, attracting hundreds of thousands of visitors annually for events and MLB Spring Training.
Weekly Farmers Market Driving Community Foot Traffic
The on-site Sunday Farmers Market creates a recurring destination that consistently draws local residents and visitors to the center.
Newly constructed retail and dining destination designed within a walkable “Main Street” environment at the heart of Surprise’s growing city center.
Strong Institutional & Educational Demand Drivers
Immediate proximity to the City of Surprise municipal complex and Ottawa University’s expanding campus provides a consistent built-in customer base.
Regional Tourism & Recreation Traffic
Located near Surprise Stadium and Surprise Community Park, attracting hundreds of thousands of visitors annually for events and MLB Spring Training.
Weekly Farmers Market Driving Community Foot Traffic
The on-site Sunday Farmers Market creates a recurring destination that consistently draws local residents and visitors to the center.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
50,250 SF
Building Class
C
Year Built
2025
Price
$40,142,472 CAD
Price Per SF
$798.86 CAD
Cap Rate
6%
NOI
$2,408,548 CAD
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Zoning
C-2 - Commercial, C-2
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Club Pilates
- Retailer
-
99,999 SF
- -
- -
- Jet's Pizza
- Accommodation and Food Services
-
99,999 SF
- -
- -
- Next Care Urgent Care
- Health Care and Social Assistance
-
99,999 SF
- -
- -
- Osteria Mia
- Accommodation and Food Services
-
99,999 SF
- -
- -
- Pacific Dental Services
- Health Care and Social Assistance
-
99,999 SF
- -
- -
- Petersen's Ice Cream
- Accommodation and Food Services
-
99,999 SF
- -
- -
- Pita Kitchen
- Accommodation and Food Services
-
99,999 SF
- -
- -
- Southern Steer
- Accommodation and Food Services
-
99,999 SF
- -
- -
- Sparks Surprise
- Services
-
99,999 SF
- -
- -
- Venetian Nail Lounge
- Retailer
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Club Pilates | Retailer | 99,999 SF | - | - | ||
| Jet's Pizza | Accommodation and Food Services | 99,999 SF | - | - | ||
| Next Care Urgent Care | Health Care and Social Assistance | 99,999 SF | - | - | ||
| Osteria Mia | Accommodation and Food Services | 99,999 SF | - | - | ||
| Pacific Dental Services | Health Care and Social Assistance | 99,999 SF | - | - | ||
| Petersen's Ice Cream | Accommodation and Food Services | 99,999 SF | - | - | ||
| Pita Kitchen | Accommodation and Food Services | 99,999 SF | - | - | ||
| Southern Steer | Accommodation and Food Services | 99,999 SF | - | - | ||
| Sparks Surprise | Services | 99,999 SF | - | - | ||
| Venetian Nail Lounge | Retailer | 99,999 SF | - | - |
Nearby Major Retailers
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16900 N 144th Ave
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