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16640 Cactus Rd Surprise, AZ 85388

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For Sale
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New retail development with long-term leases in Surprise, Arizona.

Property size:
10,617 SF
Lot size:
1.52 Acres

Property Features for 16640 Cactus Rd

General Information

Standard status
Active
Zoning
PAD: Planned Area Development
Size
10,617 SF
Lot size
1.52 Acres

Building Details

Year built
2025

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Listing Contact
Patrick R. Luther, Ccim
Patrick R. Luther, Ccim
Source: Crexi

Listing Agency: SRS Real Estate Partners Newport Beach Listing Agent: Patrick R. Luther, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

New Retail Development For Sale

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

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Pharmacy Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Surprise
County
Maricopa
State
Arizona
Longitude
-112.435467
Latitude
33.595241

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 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.
More about this property
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