17189 Greenway RdSurprise, AZ 85388

Property Details for 17189 Greenway Rd

Year built

2024

Lot size

1.35 AC

Property size (Sq ft)

9,029 SF

Property type

Specialty properties

Property subtype

Other specialty properties

Description

This exceptional 9,029 square foot, single-story preschool in Surprise, Arizona, presents a compelling investment opportunity. Built in 2024, the property boasts a 100% occupancy rate with a long-term corporate guaranteed lease (four or five-year options). The absolute NNN lease structure minimizes landlord responsibilities. The property sits on a 1.35-acre lot and enjoys excellent visibility, located less than one mile from Loop 303 at a major intersection with high vehicle traffic. The surrounding area features strong retail presence, including a Fry's Marketplace, and a rapidly growing residential population with high household incomes, creating a robust demand for childcare services. Significant planned developments nearby promise continued growth and increased property value. The asking price is $5,616,000, representing a 6.75% cap rate and a NOI of $379,054. This is a rare opportunity to acquire a high-performing, well-located preschool with significant long-term growth potential. The property's strong financials, coupled with its prime location and favorable lease terms, make it an ideal addition to any investment portfolio.

Location Insight

City

Surprise

County

Maricopa

State

Arizona

Latitude

33.6242

Longitude

-112.429

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