Surprise, AZ Shopping Center For
12751-12875 W Bell Rd Surprise, AZ
For Sale
Contact for pricing
156,647 SF shopping center anchored by 99 Cent Only.
Property Size156,647 SF
Lot Size13.97 Acres
Price / SF$174.92
Days on Market1527
Property Features for 12751-12875 W Bell Rd
General Information
Standard status
Active
Size
156,647 SF
Lot size
13.97 Acres
Property subtype
RETAIL
Listing Agency:
SRS Industrial - Newport Beach
(949) 698-1113
Listed By:
John Redfield
(949) 698-1113
Source:
Moodyscre
Added: May 25, 2022
Changed: Jul 10
Last Checked: Jul 21 at 6:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Industrial - Newport Beach
Investment Insights
Based on property information with market context.
This 156,647 square foot shopping center is located in Surprise, Arizona. Anchored by a 99 Cent Only store with 35 years of operating history, the center also features junior anchors such as Big 5 Sporting Goods, Harbor Freight Tools, Peter Piper Pizza, and Other Mothers Clothes. The property is 85% occupied, with a mix of national and local tenants including Subway, Metro PCS, and St. Vincent De Paul. A 2,000 square foot pad site is currently occupied by Batteries Plus. All tenants operate under NNN leases. The property offers a value-add opportunity through lease-up of vacant spaces. Recent capital improvements include roof recoating for approximately one-third of the center.
Key Highlights
- Value‑add opportunity through lease‑up of vacant spaces.
- Anchored by a long‑standing (35 years) 99 Cent Only store.
- High occupancy rate of 85% with a mix of national and local tenants.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $3.29M | $21.00 |
| − Vacancy | −$279.6k | −$1.79 |
| EGI | $3.01M | $19.22 |
| − OpEx | −$903.0k | −$5.76 |
| NOI | $2.11M | $13.45 |
156,647 SF · lease $21.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$30.10M
$26.34M – $35.12M
NOI $2,106,980 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$48.31M
$42.27M – $56.36M
NOI $3,381,545 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Shops at Crossroads Towne Center Surprise — 12875 W Bell Rd, Surprise, AZ 85378
- Grand Bell Center Plaza — 16551 N Dysart Rd, Surprise, AZ 85378
- Crossroads Towne Center — 12751-12875 W Bell Rd, Surprise, AZ 85378
Frequently Asked Questions
What type of property is this?
Shopping center - 156,647 SF shopping center anchored by 99 Cent Only.
Where is this shopping center located?
The property is located at 12751-12875 W Bell Rd Surprise, AZ.
What is the asking price?
The asking price for this property is $27,400,000.
What are key features of this property?
This property features: Value‑add opportunity through lease‑up of vacant spaces.; Anchored by a long‑standing (35 years) 99 Cent Only store.; High occupancy rate of 85% with a mix of national and local tenants.
