NNN Ground Lease Retail
23170 North 163rd Avenue Surprise, AZ 85387
23170 North 163rd Avenue, Surprise, AZ, 85387
Contact for pricing
For Sale
Contact for pricing
15-year NNN ground lease with tenant-paid operating expenses and scheduled 10% rent increases every five years.
Days on Market78
Property Features for 23170 North 163rd Avenue
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
SimonCRE
Listed by
Alec Miller · License #AZ SA677300000
Source
Crexi
Added: May 5 Updated: Jul 20 at 8:11PM Checked: Jul 21 at 12:56PM
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Investment Insights
Based on property information with market context.
This retail property is offered for sale with a 15-year base term NNN ground lease. Under the lease structure, operating expenses are transferred to the tenant, and rent includes scheduled increases of 10% every five years.
The property is positioned at a retail intersection anchored by Fry's Marketplace, supporting a steady, ongoing customer draw tied to the anchor tenant.
For investors seeking long-duration income with predefined rent escalations, the NNN lease structure reduces landlord involvement by placing operating expense responsibility on the tenant.
The property is positioned at a retail intersection anchored by Fry's Marketplace, supporting a steady, ongoing customer draw tied to the anchor tenant.
For investors seeking long-duration income with predefined rent escalations, the NNN lease structure reduces landlord involvement by placing operating expense responsibility on the tenant.
Key Highlights
- 15‑year NNN ground lease
- Tenant pays all operating expenses (NNN structure)
- Scheduled rent increases of 10% every five years
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - 15-year NNN ground lease with tenant-paid operating expenses and scheduled 10% rent increases every five years.
Where is this nnn property located?
The property is located at 23170 North 163rd Avenue Surprise, AZ.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 15‑year NNN ground lease; Tenant pays all operating expenses (NNN structure); Scheduled rent increases of 10% every five years
