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16540 W Cactus Rd 3,240 SF Retail Building Surprise, AZ 85388 $1,619,000 ($499.69/SF) 5.25% Cap Rate
Investment Highlights
- Brand New 10-Year Ground Lease | Options To Extend | Scheduled Rental Increases
- Brand New Development | Retail Corridor | Growing Community | Stronger National/Credit Tenant Presence
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In The Immediate Trade Area
Executive Summary
- The tenant recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
- The lease features 12% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
- The lease features 12% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
3,240 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$1,619,000
Price Per SF
$499.69
Cap Rate
5.25%
NOI
$85,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.14 AC
Zoning
PAD - PAD Planned Area Commercial
Frontage
537’ on Cactus
Amenities
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Sprouts Farmers Market
Contacts
-
Patrick Luther -
Matthew Mousavi -
Ed Beeh -
Chuck Gibson -
Robbie Petty -
SRS National Net Lease
1 of 9
Videos
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Photos
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16540 W Cactus Rd
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