Surprise Retail for Sale - Loop 303/Surprise

As one of the world’s largest casual dining brands, Applebee’s is a go-to dining destination in neighborhoods throughout the United States and abroad. Their guests know they can always count on Applebee's for a delicious and affordable meal, refreshing and fun drinks, and a come-as-you-are welcoming environment. RMH Holdings Inc operates 132 units in 14 states. The company provides world-class management services to some of America’s most popular restaurants. Surprise, Arizona is located just 28 miles northwest of downtown Phoenix. The City of Surprise sits at the foot of the White Tank Mountains and is currently home to over 100,000 residents.

Property Subtype:

Restaurant

Date on Market:

2026-05-07

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 12% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation

Date on Market:

2026-03-26

Surprise Retail for Sale - Loop 303/Surprise

14385 W Bell Rd is a single tenant net leased quick service restaurant located along the Bell Road retail corridor in Surprise, Arizona. The 1.25 acre site is improved with a 3,470 square foot freestanding drive thru building constructed in 2017. Zoned PAD and situated in Flood Zone, the property benefits from strong retail synergy and regional growth. The asset is leased to Raising Cane’s under a triple net reverse build to suit structure with approximately 12 years remaining on the base term, expiring October 2036, plus renewal options. The property is projected to generate approximately $264,000 in annual net operating income. The property is currently leased to Raising Cane’s through October 11, 2036, with three additional five year options to extend thereafter. The current annual rent is $264,000, equating to $22,000 per month. The lease is structured as Triple Net NNN. Raising Cane’s was founded in 1996 in Baton Rouge, Louisiana, and has grown to more than 900 locations nationwide, making it one of the fastest growing quick service restaurant brands in the United States.

Property Subtype:

Fast Food

Date on Market:

2026-03-11

El Mirage Retail for Sale - Loop 303/Surprise

Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment tenanted by Black Rock Coffee Bar, a rapidly expanding drive-thru coffee concept with a strong and growing presence across the Western United States. The property is secured by a corporate-guaranteed absolute NNN lease, offering investors a stable and predictable income stream with zero landlord responsibilities and attractive built-in rent growth throughout the lease term. Founded in 2008 in Portland, Oregon, Black Rock Coffee Bar has developed a loyal customer base through its community-driven brand, premium coffee offerings, energy drinks, and expanding food program. As of early 2026, the company operates more than 181 locations across seven states and continues to execute on a disciplined growth strategy. Black Rock went public on the Nasdaq under ticker symbol BRCB in September 2025, further enhancing the brand’s visibility and capital position as it continues expanding throughout the region. The subject property is strategically located along U.S. 60 (Grand Avenue) in El Mirage, Arizona, a rapidly growing trade area within the greater Phoenix MSA. The site benefits from strong visibility and exposure to approximately 41,398 vehicles per day, as well as convenient access to Loop 303, Loop 101, and US-60, providing strong regional connectivity. The surrounding area is densely populated, with more than 240,000 residents within a five-mile radius. Positioned on a ±0.73-acre parcel, the property offers strong underlying real estate fundamentals in a growth-oriented suburban corridor. This offering represents an opportunity to acquire a brand-new Black Rock Coffee Bar investment with durable passive income, strong real estate fundamentals, and long-term value supported by a growing publicly traded tenant.

Date on Market:

2026-03-03

Surprise Retail for Sale - Loop 303/Surprise

• All of the tenants are on new, 10-year leases with 2 (5-Year) options to extend • All of the leases feature 10% rental increases every 5 years throughout the initial term and at the beginning of each option • The subject property is part of the new development “Cactus | 303”, which will feature several national tenants including In-N-Out, QuikTrip, Take 5, Discount Tire, Slim Chickens, Quick Quack Car Wash, and more • Surprise, Arizona is one of the fastest growing communities in the entire country • The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Costco Wholesale, Walmart Supercenter, Home Depot, Kohl’s, TJ Maxx, and more

Property Subtype:

Storefront

Date on Market:

2026-01-20

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 - Loop 303/Surprise

Date on Market:

2025-10-21

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

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, long lease terms remain, with 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. Motivated Seller.

Date on Market:

2025-04-28

Surprise Retail for Sale - Loop 303/Surprise

NNN GROUND LEASE | 15 YEAR BASE TERM A 15-year base term NNN ground lease transfers all operating expenses to the tenant while delivering investors a durable, long-duration income stream with zero landlord management obligations. 10% RENT INCREASES EVERY 5 YEARS Scheduled rent increases of 10% every five years provide investors with meaningful NOI growth at predefined intervals, ensuring purchasing power is preserved and returns compound steadily throughout the lease term. NEW RETAIL INTERSECTION Positioned at a newly developed retail intersection anchored by Fry’s Marketplace, the property benefits from two of the grocery sector’s most traffic intensive operators, creating a high-frequency destination that drives consistent

Property Subtype:

Service Station

Date on Market:

2026-05-05