New Retail Development For
For Sale
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16640 Cactus Rd, Surprise, AZ 85388
New retail development with long-term leases in Surprise, Arizona.
Property Size10,617 SF
Price / SF$740.42
Days on Market204
Property Features for 16640 Cactus Rd
General Information
Standard status
Active
Size
10,617 SF
Total Parking Spaces
43
Property subtype
Retail
Zoning
PAD: Planned Area Development
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$471,656
Building Details
Year Built
2025
Buildings
1
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners Newport Beach
(602) 682-6040
Listed By:
Patrick R. Luther, CCIM · License #01912215
Source:
Crexi
Added: Jan 20
Changed: Aug 7
Last Checked: Aug 11 at 5:19AM
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 Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
Demographics for 85388, AZ
30,611
Population
10,880
Households
2.8
Avg Household Size
35
Median Age
31%
College-Educated
97%
High-School Grad
12.8 sq mi
ZIP Area
2,391
Density / Sq Mi
$107,131
Median Household Income
$50,183
Median Earnings
$2,094
Median Rent
$420,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
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 $7,861,000.
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.
