12751-12875 W Bell Rd, Surprise, AZ
156,647 SF shopping center anchored by 99 Cent Only.
- Added:
- May 25, 2022
- Days on Market:
- 1481
- Last Refresh:
- May 20 at 8:37 pm
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 agent John Redfield (949) 698-1113
Listing office SRS Industrial - Newport Beach (949) 698-1113
Listing date May 25, 2022
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of SRS Industrial - Newport Beach
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.
- NNN leases in place, limiting expense leakage.
- Recent capital investment in roof recoating reduces immediate capital expenditure.
- Includes junior anchors such as Big 5 Sporting Goods and Harbor Freight Tools.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places 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
Location Insight
- Map
- Local Demand
- City
- Surprise
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.335
- Latitude
- 33.6385
