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New Retail Hub in Surprise
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SEC Sarival Ave & Waddell Rd, Surprise, AZ 85388

Dynamic shopping center with high-end grocer and retail spaces.

Space SizeContact for details
Days on Market274

Property Features for SEC Sarival Ave & Waddell Rd

General Information

Standard status Active
Property subtype Retail

Spaces For Lease

at SEC Sarival Ave & Waddell Rd Contact us

SEC Sarival Ave & Waddell Rd

Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Western Retail Advisors, LLC
Listed By: Neil Board · License #SA662125000
Source: W-retail
Added: Nov 25, 2025 Changed: Aug 26 Last Checked: Aug 26 at 5:52AM

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 Western Retail Advisors, LLC

Investment Insights

Based on property information with market context.

Prasada East is a new shopping and lifestyle hub anchored by a high-end grocer, located at the intersection of Waddell Rd and Sarival Ave in Surprise, Arizona. It is the newest addition to the Prasada master development, which features over 1 million square feet of retail space. Since opening in January 2023, Prasada has become a retail corridor in the Northwest Valley, attracting shoppers and visitors. Prasada East blends convenience, sophistication, and leisure. Spaces available range from 2,800 to 35,000 square feet. The development is located approximately 45 minutes from downtown Phoenix. The location is across from a major new development bringing over 350,000 square feet of new retail and restaurant space and next to strong anchored tenants. There are over 51,000 planned single-family homes and 340 multi-family units planned for the surrounding area. The property offers easy freeway access and high traffic roads.

Key Highlights

  • Premier, high‑end grocer anchor tenant.
  • Part of the expansive Prasada master development with over 1 Million SF of retail space.
  • Located in the Northwest Valley’s dominant retail corridor, attracting affluent shoppers and families.

Property Analytics

Current Use

Shopping centers

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

84
Businesses Nearby
Under-served
Demand for This Use

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

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Dynamic shopping center with high-end grocer and retail spaces.
Where is this shopping center located?
The property is located at SEC Sarival Ave & Waddell Rd Surprise, AZ.
What are key features of this property?
This property features: Premier, high‑end grocer anchor tenant.; Part of the expansive Prasada master development with over 1 Million SF of retail space.; Located in the Northwest Valley’s dominant retail corridor, attracting affluent shoppers and families.
More about this property
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