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Butler's Corner - Surprise, AZ 13059 & 13065-13073 W. Grand Avenue

22,985 SF 100% Leased Retail Building Surprise, AZ 85374 £2,812,908 (£122/SF) 7.21% Net Initial Yield

Investment Highlights

  • Significant Capital Improvements Made to the Property Over the Last 3-Years
  • Subject Property Benefits From 250,000+ Population Within the Immediate 5-Mile Vicinity, Along With 750,000+ People Within 10-Miles
  • Property is in Close Proximity to the Most Dense Retail Corridor in Surprise, Located Less Than One-Mile (1 Mi) From Surprise Marketplace
  • Significantly Below Market Rents (Average Approx. $11.44/SF) Provides Investors Additional Future Upside as Tenant’s Leases Expire
  • Subject Property is Located at the Hard-Corner of Grand Ave (37,800+ VPD) and Dysart Rd (18,173+ VPD)
  • Located Near the Entrances of Sun City West, the Nation’s Premier Adult Retirement Community (Population 26,000+)

Executive Summary

Sands Investment Group is Pleased to Exclusively Present For Sale the 22,985 SF Butler's Corner Retail Shopping Center Located at 13059 & 13065- 13073 West Grand Avenue in Surprise, AZ. This Offering Features a 87% Occupied Center With Strong Leasing Momentum and Below Market Rents, Providing For an Excellent Value-Add Opportunity.

In Cooperation With Sands Investment Arizona, LLC - Lic. #LC690889000 BoR: Gary W. Berwick, CCIM - Lic. AZ #BR625869000

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
22,985 SF
Building Class
C
Year Built
1984
Price
£2,812,908
Price Per SF
£122
Net Initial Yield
7.21%
NOI
£202,758
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.29
Lot Size
1.85 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Before & After Plumbing and Drain LLC
  • Retailer
  • 1,265 SF
  • £9.31
  • NNN
  • Nov 2024
  • Bluestarr Grappling
  • Retailer
  • 1,266 SF
  • £8.95
  • NNN
  • Oct 2028
  • Burnettco Enterprises LLC
  • Retailer
  • 4,020 SF
  • £7.82
  • NNN
  • May 2025
  • Genesis Salons
  • Retailer
  • 605 SF
  • £11.11
  • NNN
  • Oct 2025
  • Health First Online.COM
  • Retailer
  • 620 SF
  • £8.30
  • NNN
  • Feb 2026
  • Mariah Aranda & Silbia Aranda d/b/a Marsyl Barber
  • Retailer
  • 710 SF
  • £11.16
  • NNN
  • Feb 2025
  • RRSC of Arizona Inc.
  • Retailer
  • 1,430 SF
  • £7.82
  • NNN
  • Aug 2028
  • TMII Enterprises LLC (A1 Garage)
  • Retailer
  • 490 SF
  • £8.89
  • NNN
  • Mar 2025
  • U.S. Pizza
  • Retailer
  • 970 SF
  • £12.37
  • NNN
  • Jun 2029
  • U.S. Pizza Office
  • Retailer
  • 490 SF
  • £10.25
  • NNN
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Before & After Plumbing and Drain LLC Retailer 1,265 SF £9.31 NNN Nov 2024
Bluestarr Grappling Retailer 1,266 SF £8.95 NNN Oct 2028
Burnettco Enterprises LLC Retailer 4,020 SF £7.82 NNN May 2025
Genesis Salons Retailer 605 SF £11.11 NNN Oct 2025
Health First Online.COM Retailer 620 SF £8.30 NNN Feb 2026
Mariah Aranda & Silbia Aranda d/b/a Marsyl Barber Retailer 710 SF £11.16 NNN Feb 2025
RRSC of Arizona Inc. Retailer 1,430 SF £7.82 NNN Aug 2028
TMII Enterprises LLC (A1 Garage) Retailer 490 SF £8.89 NNN Mar 2025
U.S. Pizza Retailer 970 SF £12.37 NNN Jun 2029
U.S. Pizza Office Retailer 490 SF £10.25 NNN -

Links

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Nearby Major Retailers

Olive Garden Italian Rstrnt
Red Lobster
Five Guys
Buffalo Wild Wings
IHOP
Hummus Republic
Ono Hawaiian BBQ
Salad and Go
Sprouts Farmers Market
Aqua-Tots Swim Schools

PROPERTY TAXES

Parcel Number 501-17-936B Improvements Assessment £0
Land Assessment £0 Total Assessment £642,363

PROPERTY TAXES

Parcel Number
501-17-936B
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£642,363
(602) 649-6758

Contacts

  • Listing ID: 32930925

  • Date on Market: 23/08/2024

  • Last Updated:

  • Address: 13059 & 13065-13073 W. Grand Avenue, Surprise, AZ 85374

The Retail Property at 13059 & 13065-13073 W. Grand Avenue, Surprise, AZ 85374 is currently available for sale. Contact Sands Investment Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

Butler's Corner - Surprise, AZ | 13059 & 13065-13073 W. Grand Avenue
(602) 649-6758 x

Butler's Corner - Surprise, AZ | 13059 & 13065-13073 W. Grand Avenue

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Jacob Baratz

(602) 649-6758

(602) 649-6758

Gary Berwick

(310) 422-2040

(310) 422-2040

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