13427 Westgate Dr Surprise, AZ 85378
This exceptional investment opportunity presents a fully occupied, multi-tenant auto repair strip center in Surprise, Arizona. The property, boasting 11,557 square feet across two single-story buildings, is currently listed at $3,100,000, reflecting a compelling $268.24 per square foot price and a 6.93% cap rate. The property enjoys a strong net operating income (NOI) of $214,711, supported by 100% occupancy across three tenants, each with over five years of operational history at this location. Recent improvements exceeding $110,000 have been completed, encompassing a full parking lot resurfacing and exterior landscaping enhancements. The center benefits from a prime location adjacent to an Arizona Emissions Testing site, ensuring consistent customer traffic. Situated at the intersection of Bell Road and Grand Avenue, the property enjoys high visibility and significant traffic counts, exceeding 50,000 vehicles per day on Bell Road and 40,000 vehicles per day on Grand Avenue. Furthermore, its proximity to major retirement communities like Sun City West and Sun City Grand, along with a dense retail corridor featuring prominent retailers such as Target, Lowe's, Best Buy, Walmart, and Home Depot, guarantees a robust and stable customer base within a 5-mile radius exceeding 230,000 residents. Built in 2004, the property includes built-in rent bumps, offering future income growth potential. This is a rare opportunity to acquire a high-performing, well-located commercial property with a proven track record and significant upside.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.