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31260436
31260437

15557 W Bell Rd, Surprise, AZ 85374 For Sale

DG
AZ AZ SA641133000
Phoenix Commercial Advisors
CT
AZ SA536326000
Phoenix Commercial Advisors
Listed by Phoenix Commercial Advisors
$19,800,000
118 days on market
Updated 12 days ago

MOUNTAIN VISTA PLAZA | FITNESS ANCHORED

Details
APN 501-77-968
Property Type Retail
Sub Type Shopping Center
Square Footage 64,101
Cap Rate 6.46%
NOI $1,279,461
Occupancy 100%
Tenancy Multi
Brand/Tenant Planet Fitness, Tesla (+1)
Lease Type NNN
Rent Bumps Yes
Price per SqFt $309
Year Built 2005
Acreage 7.930
Tenant Credit Franchisee, Corporate Guarantee (+1)

Mountain Vista Plaza | Fitness Anchored Shopping Center

Investment highlights

  • Anchored by Planet Fitness, with over 2,700 fitness club locations and over 19.7 million members, which provides predictable, frequent traffic with an e-commerce resistant draw

  • Strong performing anchor with this Planet Fitness ranking as a Top 25% location in Arizona according to Placer.ai

  • Upside for investors through below market rents in both the shops and the anchor leases allowing for mark-to-market growth

  • Recent capital work with a roof recoat and asphalt reseal and stripe in 2024, with the roof coming with a 10-year warranty

  • Needs-driven tenant lineup delivering essential goods and services perfectly matched to the daily needs of the surrounding community

  • Strong historic occupancy, lease extensions, and recent lease-up show strength of center and demand of trade area

  • Located less than 1.5 miles from the Loop 303 Freeway which has spurred new housing and population growth in the Surprise market

  • Less than 2 miles from the Surprise City Hall facilities and from Surprise Stadium, the No. 1 Spring Training Stadium that plays host to the Texas Rangers & Kansas City Royals

  • Food away from home spending of nearly $318,000,000 within 5-miles, helping to boost the restaurant sales in the shopping center

  • Population exceeding 207,000 people within 5 miles and projected to grow by another 1.8% annually

  • Bell Road is the primary east-west commercial corridor through Surprise with ±40,200 VPD driving by the site

  • Surprise’s population has surpassed 180,000 and is projected to grow by 40% by the end of the decade, with job growth expected to outpace that, driving continual demand for daily needs retail

Listing Contacts

DG
AZ AZ SA641133000
Phoenix Commercial Advisors
CT
AZ SA536326000
Phoenix Commercial Advisors
Listed by Phoenix Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,279,461.00
$106,621.75/mo

Valuation Metrics

0
DSCR
6.46%
Cap Rate
6.46%
ROI

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Additional Information

Name
Danny Gardiner
License
AZ SA641133000
Brokerage Phone
6029579800
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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