Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Phoenix
$7,994,000
Shops at Cactus 303 - Surprise, AZ
Details
APN 501-11-990
Property Type Retail
Sub Type Storefront
Square Footage 10,617
Units 6
Cap Rate 5.9%
NOI $471,656
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $753
Year Built 2025
Buildings 1
Stories 1
Acreage 1.520
Zoning PAD: Planned Area Development
Parking Spaces 43 spaces
Parking per 1,000 SqFt 4.05
Investment Type Net Lease
Ownership Fee Simple
New 10-Yr Leases | 100% Occupied | Brand New Development | Diverse Tenant Mix
Marketing description
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
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$471,656.00
$39,304.67/mo
Valuation Metrics
0
DSCR
5.9%
Cap Rate
5.9%
ROI
Map
Zoning
PAD PlannedPlanned Area Development
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics
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Tax History
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