Property profile

17189 Greenway Rd Surprise, AZ 85388

OFF-MARKET
Specialty properties
9,029 SF 1.35 ac lot Built 2024
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Specialty properties
Year built 2024
Total area 9,029 SF
Lot 1.35 ac (58,806 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

17189 Greenway Rd Surprise, AZ 85388
Surprise metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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