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Property profile & analytics
FOR LEASE
Outlet malls

15357 Cactus Rd Surprise, AZ 85379

88,783 SF 9.1 ac lot Built 2008
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US07-1132979
Property summary
AI-generated overview

This exceptional retail property, located at 15357 Cactus Rd, Surprise, AZ 85379, offers a substantial 89,121 square feet of restaurant space on a 9.1-acre lot. The building is divisible, providing flexibility for various business needs. Its strategic location offers unparalleled access to major traffic generators, including the Surprise Stadium, Surprise Community Park, and the city's municipal complex. Less than five minutes from a Loop 303 full-diamond interchange (seeing over 68,000 vehicles per day), this property benefits from easy freeway access. The surrounding area is experiencing rapid growth, with multiple master-planned communities such as Marley Park (approximately 3,200 units), Rancho Gabriela (approximately 2,329 units), and Greer Ranch North (approximately 1,624 units) adding to the robust market. The property's proximity to key high schools, including Valley Vista (2,653 students), Shadow Ridge (2,194 students), Willow Canyon (1,983 students), and Paradise Honors (2,194 students), further enhances its appeal. This presents a unique opportunity to establish a thriving business in a high-growth area with excellent visibility and accessibility.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2008
Construction CONCRETE
Total area 88,783 SF
Lot 9.1 ac (396,576 SF)
Zoning code PAD
APN 501-97-636
UPID US07-1132979
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Simoncre Jerome V LLC · 2 yrs held
Simoncre Jerome V LLC
since 2023
Last sale
$5.7M
4 recorded transactions
2024
Price N/A
2023
$5.7M
2023
Price N/A
2009
Price N/A
Zoning & alternative use
PAD · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(PAD) zoning district prior to the adoption of this ordinance . The PAD zoning designation now serves only to preserve the governing entitlement documents adopted by city council for each PAD at the time of the adoption of this ordinance. Existing PADs may have individual development standards, land uses , and densities that supersede the zoning standards co…

Zone name Planned Area Development
General category PLANNED_DEVELOPMENT
Zone area 42,500.99 ac
Source municipal code
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