16346 Pat Tillman Blvd, Surprise, AZ 85387
- Retail properties & Spaces
- 2,320 SF
- 0.80 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 16346 Pat Tillman Blvd
- Year built
- 2024
- Lot size
- 0.80 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple, 20-year absolute NNN ground lease for a Taco Bell located in Surprise, Arizona. The 2,320 square foot building, constructed in 2024, sits on a 0.8-acre lot and boasts a 100% occupancy rate. Tenanted by a highly successful, 210-unit franchisee of Taco Bell, Hot Tacos, Inc., this property offers a passive income stream with minimal landlord responsibilities. The lease includes 10% rent bumps every five years and four, five-year renewal options, ensuring long-term financial stability. Situated in a rapidly growing master-planned community with over 25,000 new homes planned within a three-mile radius, this property benefits from high traffic volume (25,000 vehicles daily) at a signalized intersection near the Loop 303 Freeway. The property is an outparcel to a new 123,000 square foot Fry's Marketplace, Arizona's leading grocer, providing excellent visibility and accessibility. The asking price is $2,705,882, representing a 4.25% cap rate and a price per square foot of $1,166.33. The current Net Operating Income (NOI) is $115,000. This is a rare opportunity to acquire a long-term, low-maintenance investment with significant upside potential in a thriving market.
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Location Insight
- Map
- Local Demand
- City
- Surprise
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.412
- Latitude
- 33.6968
