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Surprise, AZ - Shops at Cactus 303

$8,203,000

16640 Cactus Rd, Surprise, AZ 85388

Active
Last Updated: 01/19/2026

5.75

Cap Rate

471,656

NOI

Details:
Cap Rate:    5.75%
NOI:    $471,656
Building Size:    10,617 sqft
Lot Area:    1.52 acres
Occupancy:    100%
Year Built:    2025
Zoning:    PAD: Planned Area Development
Description:

• All of the tenants are on new, 10-year leases with 2 (5-Year) options to extend
• All of the leases feature 10% rental increases every 5 years throughout the initial term and at the beginning of each option

• The subject property is part of the new development “Cactus | 303”, which will feature several national tenants including In-N-Out, QuikTrip, Take 5, Discount Tire, Slim Chickens, Quick Quack Car Wash, and more
• Surprise, Arizona is one of the fastest growing communities in the entire country
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Costco Wholesale, Walmart Supercenter, Home Depot, Kohl’s, TJ Maxx, and more

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