16346 Pat Tillman BlvdSurprise, AZ 85387

Property Details for 16346 Pat Tillman Blvd

Year built

2024

Lot size

0.80 AC

Property size (Sq ft)

2,320 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fee-simple, 20-year absolute NNN ground lease for a Taco Bell located in Surprise, Arizona. The 2,320 square foot building, constructed in 2024, sits on a 0.8-acre lot and boasts a 100% occupancy rate. Tenanted by a highly successful, 210-unit franchisee of Taco Bell, Hot Tacos, Inc., this property offers a passive income stream with minimal landlord responsibilities. The lease includes 10% rent bumps every five years and four, five-year renewal options, ensuring long-term financial stability. Situated in a rapidly growing master-planned community with over 25,000 new homes planned within a three-mile radius, this property benefits from high traffic volume (25,000 vehicles daily) at a signalized intersection near the Loop 303 Freeway. The property is an outparcel to a new 123,000 square foot Fry's Marketplace, Arizona's leading grocer, providing excellent visibility and accessibility. The asking price is $2,705,882, representing a 4.25% cap rate and a price per square foot of $1,166.33. The current Net Operating Income (NOI) is $115,000. This is a rare opportunity to acquire a long-term, low-maintenance investment with significant upside potential in a thriving market.

Location Insight

City

Surprise

County

Maricopa

State

Arizona

Latitude

33.6968

Longitude

-112.412

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