2024 Starbucks | Double Drive-Thru | 10-Year Corporate Lease

SEC Bell Rd & Citrus Rd Surprise, AZ 85374

SEC Bell Rd & Citrus Rd, Surprise, AZ, 85374
SEC Bell Rd & Citrus Rd, Surprise, AZ, 85374
FOR SALE
Property Type:
Single Tenant Retail (NNN)
Amount:
$2,971,000
Cap Rate:
5.25%
Last Verified:
Nov 21, 2024

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**SUPERIOR SITE VISIBILITY** Commanding the hard corner of Bell Rd & Citrus Rd, a highly trafficked signalized intersection seeing nearly 33,000 VPD (Placer.ai). **MAJOR RETAIL CORRIDOR** Bell Road hosts prominent national retailers, including Sam's Club, Safeway, WinCo Foods, EoS Fitness, Culver's, Popeyes,  and many others. **DENSE RESIDENTIAL DEMOGRAPHICS** Surprise, AZ, is projected to reach ±215,000 residents and ±60,000 local jobs by 2030 (City of Surprise Economic Development). **NEARBY TRAFFIC GENERATORS** Located by a variety of amenities, including an elementary, middle, and high school, Surprise Stadium (Spring Training Facility for the Kansas City Royals), Arizona Traditions Golf Club, Happy Trails Resort, and a city recreational center. 

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.