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.