Fully Occupied Retail Investment
14081 W Grand Ave Surprise, AZ
For Sale
Contact for pricing
Fully leased retail property with long-term tenants and income growth.
Property Size4,216 SF
Lot Size4.29 Acres
Price / SF$361.01
Days on Market338
Property Features for 14081 W Grand Ave
General Information
Standard status
Active
Size
4,216 SF
Lot size
4.29 Acres
Property subtype
RETAIL
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
(605) 941-3721
Listed By:
Hudson DeJean · License #02168060,01320460(CA)
(605) 941-3721
Source:
Moodyscre
Added: Aug 25, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:36AM
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 multi-tenant retail property is a fully stabilized investment, currently 100% occupied. The property provides immediate in-place cash flow. Tenants operate under triple-net (NNN) leases, minimizing landlord responsibilities. Leases include 3% annual rental escalations. Vicky’s Nails has been at this location for over 14 years and has signed a new 10-year lease. Grand Pool and Patio has operated here since 2007. Freedom Cleaners has been in operation here since 2016, after relocating from another unit in the center. A LivAway Suites, a 123-room hotel, is under construction directly east of the property and is scheduled for completion in March 2026. A new Dunkin’ Donuts with a drive-thru is being developed next to the retail center. Plans are underway for a Big O Tires to be developed next to Dunkin’ further enhancing the retail mix. The property benefits from traffic along Grand Ave with 28,900 vehicles per day. The surrounding area has 96,933 residents within a 3-mile radius and 220,251 within a 5-mile radius. Population growth is 2.1% in a 1-mile radius and 1.8% in both the 3-5 mile ranges. The property is adjacent to national retailers, including a Goodwill in the 91st percentile, Trader Joe’s in the 77th percentile, and Sherwin-Williams in the 84th percentile for foot traffic nationwide. The property contains 4,216 square feet.
Key Highlights
- Fully Stabilized Investment: 100% occupied retail property with immediate in‑place cash flow.
- NNN Lease Structures: All tenants on triple‑net (NNN) leases, minimizing landlord responsibilities.
- Built‑In Income Growth: Leases include 3% annual rental escalations.
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 | $88.5k | $21.00 |
| − Vacancy | −$7.5k | −$1.79 |
| EGI | $81.0k | $19.22 |
| − OpEx | −$24.3k | −$5.76 |
| NOI | $56.7k | $13.45 |
4,216 SF · lease $21.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$810.1K
$708.8K – $945.1K
NOI $56,707 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,011 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - Fully leased retail property with long-term tenants and income growth.
Where is this strip mall located?
The property is located at 14081 W Grand Ave Surprise, AZ.
What is the asking price?
The asking price for this property is $1,522,000.
What are key features of this property?
This property features: Fully Stabilized Investment: 100% occupied retail property with immediate in‑place cash flow.; NNN Lease Structures: All tenants on triple‑net (NNN) leases, minimizing landlord responsibilities.; Built‑In Income Growth: Leases include 3% annual rental escalations.
