New Retail Development For
16640 Cactus Rd, Surprise, AZ 85388
New retail development with long-term leases in Surprise, Arizona.
Type:Retail
Property size:
10,617 SFPrice / SF:
$772/SF- Added:
- Jan 20, 2026
- Days on Market:
- 112
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 16640 Cactus Rd
General Information
- Standard status
- Active
- Size
- 10,617 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2025
Listing agent Patrick R. Luther, CCIM License #CA License No. 01912215
Listing office SRS Real Estate Partners Newport Beach
Listing date Jan 20, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
HighLights
- New 10‑year leases in place with options to extend, providing long‑term income stability.
- Scheduled 10% rental increases every 5 years, ensuring increasing returns on investment.
- Part of the new "Cactus 303" development with national tenants like In‑N‑Out and QuikTrip, attracting significant customer traffic.
- Located in Surprise, Arizona, one of the fastest‑growing communities in the country.
- Located in a primary retail corridor with nearby national tenants such as Costco and Walmart, ensuring high visibility and customer draw.
- Property built in 2025, indicating modern construction and minimal deferred maintenance.
Overview
This retail property is part of the new "Cactus 303" development, which will include national tenants such as In-N-Out, QuikTrip, Take 5, Discount Tire, Slim Chickens, and Quick Quack Car Wash. The property's tenants are operating under new 10-year leases, each including two 5-year extension options. The leases also feature 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. Located in Surprise, Arizona, one of the fastest-growing communities in the country, the property is situated in a primary retail corridor. Nearby national and credit tenants include Costco Wholesale, Walmart Supercenter, Home Depot, Kohl’s, and TJ Maxx.
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Surprise
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.435467
- Latitude
- 33.595241
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - New retail development with long-term leases in Surprise, Arizona.
Where is this strip mall located?
The property is located at 16640 Cactus Rd Surprise, AZ.
What is the asking price?
The asking price for this property is $8,203,000.
What are key features of this property?
This property features: New 10‑year leases in place with options to extend, providing long‑term income stability.; Scheduled 10% rental increases every 5 years, ensuring increasing returns on investment.; Part of the new "Cactus 303" development with national tenants like In‑N‑Out and QuikTrip, attracting significant customer traffic.
