17061 N Avenue of the Arts - Storefront Retail/Office CONDO FOR SALE


Surprise, AZ 85378
$3,195,000 USD
310-709-8985
17061 N Avenue of the Arts, Surprise, AZ for Sale
$3,195,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/8
null | 6.5% Cap Rate

17061 N Avenue of the Arts
Surprise, AZ 85378


HIGHLIGHTS

  • Anchored by top-tier regional operators with 90+ combined locations
  • Drive-thru amenity enhances tenant performance and traffic
  • NNN leases with ±6 years remaining and built-in escalations
  • Located in Surprise, AZ with 2.7% annual population growth
  • HOA-managed property with minimal landlord responsibilities
  • Positioned at high-traffic intersection with ±70,000 cars/day

OVERVIEW

The ±6,000 SF fee simple condo asset benefits from strong visibility at the intersection of Bell Road and Ave of the Arts, with traffic counts exceeding 70,000 cars per day. Both leases are structured as NNN, minimizing landlord responsibilities, and include built-in rent escalations that hedge against inflation. The property is part of a professionally managed HOA, further reducing operational burden. Surprise, AZ is one of the fastest-growing cities in the Phoenix MSA, with a population exceeding 150,000 and a median household income of ~$93,000. The area is undergoing significant development, including the Surprise City Center expansion and multiple residential and mixed-use projects, which will continue to drive demand for retail and healthcare services. This offering presents a rare chance to acquire a stabilized, recession-resistant asset in a high-growth market.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$533 USD /SF

CAP RATE

6.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bell Mar Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

12,231 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

PAD

APN/PARCEL ID

200-13-579,200-13-580

ASK ABOUT THIS PROPERTY

Daniel SolomonKidder MathewsMore Info
310-709-8985

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Daniel SolomonKidder MathewsMore Info
310-709-8985

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.