Butler’s Corner located in Surprise, Arizona is a retail-flex value-add opportunity in a highly-visible corridor with a strategic location at the SEC of the signalized intersection of N Dysart Ave and Grand Ave.
The ±22,976 RSF multitenant retail/flex property, sits on 1.85 acres (80,751 SF) and is currently ±69.3% leased to a variety of uses and sizes. The property is well positioned for its immediate Value-Add potential from a lease up of the current Vacant suites and from future increase to the below market rents. The property is also well positioned to benefit from the growth and redevelopment in the immediate area.
In addition to the great value add opportunity, there is strong potential for redevelopment of part or all of the center.
Redevelopment along Grand Ave going north, along Bell Rd has been nothing less than robust. There has been a significant amount of single family, multifamily, governmental, industrial and retail development in the surrounding area. Most notable due to its close proximity is the West-MEC Northwest Campus, directly across Dysart Ave and stretching along Grand Ave over 19 acres and over 42,000 SF in a two-story footprint.