17189 Greenway Rd Surprise, AZ 85388
- Specialty properties
- 9,029 SF
- 1.35 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 17189 Greenway Rd
- Year built
- 2024
- Lot size
- 1.35 lot acres
- Property size
- 9,029 SF
- Property type
- Specialty properties
- Property subtype
- Schools
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.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Surprise
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.429
- Latitude
- 33.6242
