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MOUNTAIN VISTA PLAZA 15557-15609 W Bell Rd 64,101 SF 100% Leased Retail Building Surprise, AZ 85374 $19,800,000 ($308.89/SF) 6.46% Cap Rate
Investment Highlights
- Anchored by Planet Fitness, with over 2,700 fitness club locations and over 19.7 million members
- Upside for investors through below market rents in both the shops and the anchor leases allowing for mark-to-market growth
- Needs-driven tenant lineup delivering essential goods and services
- Strong performing anchor with this Planet Fitness ranking as a Top 25% location in Arizona, according to Placer.ai
- Recent capital work with a roof recoat and asphalt reseal and stripe in 2024
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
64,101 SF
Building Class
C
Year Built
2006
Price
$19,800,000
Price Per SF
$308.89
Cap Rate
6.46%
NOI
$1,279,461
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.19
Lot Size
7.93 AC
Zoning
PAD - PAD, Planned Area Development
Parking
336 Spaces (5.24 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Wheelchair Accessible
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Arts, Entertainment, and Recreation
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Planet Fitness began in 1992 in Dover, New Hampshire, as a gym concept built around an accessible, non-intimidating workout environment. The company franchises and operates fitness centers that provide strength and cardio equipment, free training, and membership options designed for everyday gym users. The company has achieved continued club growth and maintains a broad presence across the United States and several international markets, supported by a franchise-heavy model.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Arts, Entertainment, and Recreation | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 501-77-968 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,703,728 |
Property Taxes
Parcel Number
501-77-968
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,703,728
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