NNN Retail Property with
14020 W Bell Road Surprise, AZ 85374
New
For Sale
$13,853,000
NN leased Kohl’s investment property with remaining initial term and multiple extension options, featuring a roof replaced in 2022.
Property Size88,408 SF
Price / SF$156.69
Days on Market3
Property Features for 14020 W Bell Road
General Information
- Standard status
- Active
- Size
- 88,408 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Properties For Sale
at 14020 W Bell Road Contact us
Listing Agency:
SRS Industrial - Newport Beach
(714) 404-8849
Listed By:
Matthew Mousavi · License #CA 01732226
(714) 404-8849
Source:
Srsre
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 25 at 2:09AM
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.
SRS Real Estate Partners-West, LLC is pleased to offer the fee simple interest (land and building ownership) in an NN leased Kohl’s retail investment property at 14020 W. Bell Road in Surprise, Arizona.
The tenant has more than six years remaining in the initial term, with eight (5-year) options to extend. The lease includes 7.5% rental increases at the beginning of each option period, and the structure is NN with limited landlord responsibilities.
The offering notes a current rent of $9.33 per square foot. The property’s roof was replaced in 2022 and has approximately six years remaining on the roof warranty.
The tenant has more than six years remaining in the initial term, with eight (5-year) options to extend. The lease includes 7.5% rental increases at the beginning of each option period, and the structure is NN with limited landlord responsibilities.
The offering notes a current rent of $9.33 per square foot. The property’s roof was replaced in 2022 and has approximately six years remaining on the roof warranty.
Key Highlights
- NN leased Kohl’s investment property with fee simple land & building ownership
- Year built 2003
- Tenant has over 6 years remaining on the initial term with 8 (5‑year) extension options
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 | $1.86M | $21.00 |
| − Vacancy | −$157.8k | −$1.79 |
| EGI | $1.70M | $19.22 |
| − OpEx | −$509.6k | −$5.76 |
| NOI | $1.19M | $13.45 |
88,408 SF · lease $21.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$16.99M
$14.86M – $19.82M
NOI $1,189,132 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$27.26M
$23.86M – $31.81M
NOI $1,908,467 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - NN leased Kohl’s investment property with remaining initial term and multiple extension options, featuring a roof replaced in 2022.
Where is this retail space located?
The property is located at 14020 W Bell Road Surprise, AZ.
What is the asking price?
The asking price for this property is $13,853,000.
What are key features of this property?
This property features: NN leased Kohl’s investment property with fee simple land & building ownership; Year built 2003; Tenant has over 6 years remaining on the initial term with 8 (5‑year) extension options
