Surprise Retail for Sale - Loop 303/Surprise

- The tenant recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site - The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation

Property Subtype:

Freestanding

Date on Market:

2025-11-10

Surprise Retail for Sale - Arrowhead

The ±6,000 SF fee simple condo asset benefits from strong visibility at the intersection of Bell Road and Ave of the Arts, with traffic counts exceeding 70,000 cars per day. Both leases are structured as NNN, minimizing landlord responsibilities, and include built-in rent escalations that hedge against inflation. The property is part of a professionally managed HOA, further reducing operational burden. Surprise, AZ is one of the fastest-growing cities in the Phoenix MSA, with a population exceeding 150,000 and a median household income of ~$93,000. The area is undergoing significant development, including the Surprise City Center expansion and multiple residential and mixed-use projects, which will continue to drive demand for retail and healthcare services. This offering presents a rare chance to acquire a stabilized, recession-resistant asset in a high-growth market.

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-10-14

Surprise Retail for Sale - Loop 303/Surprise

Property Subtype:

Storefront

Date on Market:

2025-10-14

El Mirage Retail for Sale - Loop 303/Surprise

Property Subtype:

Fast Food

Date on Market:

2025-08-11

Surprise Retail for Sale - Loop 303/Surprise

Thank you for reviewing this exceptional investment opportunity in Surprise, AZ. This property offers a rare chance to acquire a two-tenant NNN retail investment strategically located at a high-traffic intersection, anchored by a top 10 Fry's Grocery store, with a 5.90% cap rate, NOI of $205,834, and annual increases. This stand-alone building features dominant frontage on Greenway Rd and benefits from strong national co-tenancy. The long lease terms remaining, high-visibility location, and the presence of internet-resistant tenants make it an attractive option for investors. The property was built in 2009 and fully remodeled in 2023, ensuring a modern and well-maintained investment. Don't miss out on this investment located on excellent real estate, in one of the fastest-growing cities in America, offering fee-simple ownership and fantastic growth potential. Contact us today for more information.

Date on Market:

2025-04-28