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
Location
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