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Investment Highlights

  • Five-building retail portfolio offered for $20,000,000.
  • Projected occupancy increases from 78.63% to 95.94%.
  • Buildings constructed between 2020 and 2026 with modern retail design.
  • Diversified rent roll with 13 tenants across multiple retail formats.
  • Weighted average lease term of 7.66 years provides income visibility.
  • Located at the signalized corner of Litchfield Road and Waddell Road with traffic exceeding 40,000 vehicles per day.

Executive Summary

Marley Park Square presents the opportunity to acquire a five-building retail portfolio positioned at the signalized southwest corner of Litchfield Road and Waddell Road in Surprise, Arizona. The offering consists of 13 tenants across multiple retail buildings and a standalone Chipotle, creating a diversified income stream within one of the West Valley's expanding residential corridors.
The portfolio benefits from a weighted average lease term of 7.66 years and combines established tenancy with future revenue growth potential. Current occupancy stands at 78.63%, with projected occupancy increasing to 95.94% as leasing activity continues across the recently completed phases. The property is supported by in-place net operating income of $1,218,732 and a projected Year 1 NOI of $1,391,651.
Built between 2020 and 2026, the asset offers a mix of stabilized and newly delivered retail product designed to serve the surrounding Marley Park community and the growing population base throughout Surprise. The location provides visibility and access along two major arterial corridors, with traffic counts exceeding 40,000 vehicles per day at the intersection. The surrounding area is characterized by significant residential development, neighborhood retail demand, and ongoing commercial growth that supports long-term tenant performance.
The portfolio's combination of national and local tenancy, staggered lease expirations, recent construction, and projected lease-up provides investors with immediate cash flow and the opportunity to capture additional income growth through continued stabilization. The offering is available at $20,000,000 and represents the existing retail component of the Marley Park Square development.

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Property Facts

Price $20,000,000
Price / SF $597.76 / SF
Cap Rate 6.09%
Sale Type Investment NNN
Status Active
Number of Properties 5
Individually For Sale 0
Total Building Size 33,458 SF
Total Land Area 3.89 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Shops 3
13630 N Litchfield Rd, Surprise, AZ 85379
Retail 9,600 SF 2023 -
Shops 6
13983 W Waddell Rd, Surprise, AZ 85379
Retail 7,945 SF 2020 -
Shops 12
13450 N Litchfield Rd, Surprise, AZ 85379
Retail 6,908 SF 2026 -
Shops 11
13510 N Litchfield Rd, Surprise, AZ 85379
Retail 6,680 SF 2025 -
Chipotle
13610 N Litchfield Rd, Surprise, AZ 85379
Retail 2,325 SF 2023 -
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  • Listing ID: 41894240

  • Date on Market: 8/26/2026

  • Last Updated:

  • Address: Marley Park Square - Retail Investment, Surprise, AZ

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