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30929131
32926137

16900 N 144th Ave, Surprise, AZ 85374

AM
AZ AZ SA677300000
SimonCRE
PL
AZ AZ: SA708476000
SimonCRE
Listed by SimonCRE
$29,052,000
89 days on market
Updated 14 days ago

Elm Street at Surprise City Center

Details
APN 501-18-690
Property Type Retail
Sub Type Shopping Center
Square Footage 50,250
Units 19
Cap Rate 6%
NOI $1,744,447
Occupancy 87%
Tenancy Multi
Price per SqFt $578
Year Built 2025
Buildings 5
Stories 1

Retail | 6.00% CAP | 50,250 SqFt

Marketing description

Investment highlights

VALUE-ADD OPPORTUNITY

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

Listing Contacts

AM
AZ AZ SA677300000
SimonCRE
PL
AZ AZ: SA708476000
SimonCRE
Listed by SimonCRE

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$1,744,447.00
$145,370.58/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Alec Miller
License
AZ SA677300000
Name
Peter LeBlanc
License
AZ: SA708476000
Brokerage Phone
9282848404
Title
Arizona
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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