Turn-Key Restaurant with Monument
For Sale
$1,750,000
12555 W Bell Rd, Surprise, AZ 85378
Sale includes existing FF&E and dedicated on-site parking for restaurant operations on a heavily trafficked corridor.
Property Size7,819 SF
Days on Market54
Property Features for 12555 W Bell Rd
General Information
Standard status
Active
Size
7,819 SF
Total Parking Spaces
63
Property subtype
Commercial
Additional Details
Furnished
Yes
Traffic Count
54,660 vehicles/day
Amenities
Monument Signage
Building Details
Building Size
7,819 SF
Year Built
1989
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
Listed By:
Hudson DeJean · License #SA704485000 (AZ)
(602) 218-5242
Source:
Matthews
Added: Jul 25
Changed: Sep 3
Last Checked: Sep 16 at 12:14PM
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 Matthews Real Estate Investment Services | Phoenix
Investment Insights
Based on property information with market context.
This conventional restaurant property is offered as a turn-key opportunity, with the sale including all existing furniture, fixtures, and equipment (FF&E). The site also features prominent monument signage located on the northwest corner of the property.
The property provides dedicated parking with approximately 63 on-site stalls. It sits along W. Bell Rd, described as a heavy-traffic commercial artery with reported traffic of over 54,660 VPD, supporting visibility for restaurant traffic.
The surrounding area includes an estimated 250,000 residents within a 5-mile radius and a total MSA population of 5.23M, with average household income reported at $92,563 within 5 miles. The remarks also cite nearby retail and industrial activity, including 7-Eleven and McDonald’s, and a new 115,000 SF industrial facility, along with hotel rooms within about 0.2 miles.
The property provides dedicated parking with approximately 63 on-site stalls. It sits along W. Bell Rd, described as a heavy-traffic commercial artery with reported traffic of over 54,660 VPD, supporting visibility for restaurant traffic.
The surrounding area includes an estimated 250,000 residents within a 5-mile radius and a total MSA population of 5.23M, with average household income reported at $92,563 within 5 miles. The remarks also cite nearby retail and industrial activity, including 7-Eleven and McDonald’s, and a new 115,000 SF industrial facility, along with hotel rooms within about 0.2 miles.
Key Highlights
- Built in 1989 restaurant facility offered with existing FF&E (furniture, fixtures, and equipment)
- On‑site dedicated parking with 63 parking stalls
- High‑visibility monument signage on the northwest corner along W. Bell Rd
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$120,422
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,408,440
$2.4M
Cap Rate 7%
$1,720,314
$1.7M
Cap Rate 9%
$1,338,022
$1.3M
Market Conditions
NOI Build-Up for 7,819 SF
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.
Gross rent
$173.6K $22.20/SF
− Vacancy
−$13.0K −$1.67/SF
EGI
$160.6K $20.54/SF
− OpEx
−$40.1K −$5.13/SF
NOI
$120.4K $15.40/SF
Area
Surprise, AZ
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,408,440
Cap Rate 7%
$1,720,314
Cap Rate 9%
$1,338,022
Alternative Uses
Best Use
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,422 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,789 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
54,660 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 44%
Hotels & Casinos 9%
Chevron
Shops & Services
7,807 visits/mo
0.3 miles
Burger King
Dining
7,397 visits/mo
0.1 miles
Comfort Inn & Suites Surprise Near Sun City West
Hotels & Casinos
1,453 visits/mo
0.2 miles
Demographics for 85378, AZ
9,368
Population
4,671
Households
2
Avg Household Size
39
Median Age
17%
College-Educated
85%
High-School Grad
3.6 sq mi
ZIP Area
2,602
Density / Sq Mi
$62,881
Median Household Income
$39,942
Median Earnings
$1,369
Median Rent
$235,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Sale includes existing FF&E and dedicated on-site parking for restaurant operations on a heavily trafficked corridor.
Where is this conventional restaurant located?
The property is located at 12555 W Bell Rd Surprise, AZ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Built in 1989 restaurant facility offered with existing FF&E (furniture, fixtures, and equipment); On‑site dedicated parking with 63 parking stalls; High‑visibility monument signage on the northwest corner along W. Bell Rd
