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Investment Highlights

  • 6+ Years Remaining | Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases
  • Surprise Towne Center & Marketplace | Surprise Marketplace |Surprise City Center Development
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Kohl’s investment property located in Surprise, Arizona. The tenant, Kohl’s, has over 6 years of initial term remaining with 8 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Additionally, the tenant’s rent is well below market at $9.33 PSF, providing investors with significant rent growth potential. The property’s roof was replaced in 2022 and has ~6 years remaining on the roof warranty.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
89,047 SF
Building Class
B
Year Built
2004
Price
$13,853,000
Price Per SF
$155.57
Cap Rate
6%
NOI
$831,206
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
9.31 AC
Zoning
PAD

Amenities

  • Corner Lot
  • Dedicated Turn Lane
  • Signalized Intersection
  • Monument Signage

Sustainability

Energy Star Certified
77
ENERGY STAR certified buildings save energy and help protect the environment.

Sustainability

ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.

Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Nearby Major Retailers

LongHorn Steakhouse
Pei Wei
Red Robin
Yogis Grill
Carrabba’s Italian Grill
Chili's Grill & Bar
Buffalo Wild Wings
IHOP
Ono Hawaiian BBQ
Hummus Republic

Property Taxes

Property Taxes

Parcel Number
503-59-985
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,682,272
  • Listing ID: 41393140

  • Date on Market: 7/22/2026

  • Last Updated:

  • Address: 14020 W Bell Rd, Surprise, AZ 85374

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