Fountain Hills Big O
For Sale
Contact for pricing
11429 N Saguaro Blvd, Fountain Hills, AZ 85268
4,740 SF Big O Tires on 0.57 acres.
Property Size4,740 SF
Lot Size0.57 Acres
Price / SF$253.16
Days on Market222
Property Features for 11429 N Saguaro Blvd
General Information
Standard status
Active
Size
4,740 SF
Class
B
Lot size
0.57 Acres
Property subtype
Retail
Lease Type
Absolute Net
Net Operating Income
$72,000
Building Details
Year Built
2000
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #471020548
Source:
Crexi
Added: Jan 12
Changed: Aug 8
Last Checked: Aug 8 at 3:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
Investment Insights
Based on property information with market context.
Located in Fountain Hills, Arizona, this property features a 4,740 square foot Big O Tires situated on 0.57 acres. The property is positioned along North Saguaro Boulevard, benefiting from visibility to approximately 18,000 vehicles per day. The tenant recently signed a new five-year absolute NNN lease, which commenced on May 1, 2025. The lease includes annual rent increases of $6,000 during the primary term. Additionally, the lease provides two five-year renewal options, each with 2% annual increases.
Key Highlights
- New 5‑year absolute NNN lease commenced May 1, 2025.
- Located on N Saguaro Blvd with high visibility (~18,000 vehicles per day).
- $6,000 annual rent increases during the primary term.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,764
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,195,280
$1.2M
Cap Rate 7%
$853,771
$853.8K
Cap Rate 9%
$664,044
$664.0K
Market Conditions
NOI Build-Up for 4,740 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$89.9K $18.96/SF
− Vacancy
−$4.5K −$0.95/SF
EGI
$85.4K $18.01/SF
− OpEx
−$25.6K −$5.40/SF
NOI
$59.8K $12.61/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,195,280
Cap Rate 7%
$853,771
Cap Rate 9%
$664,044
Alternative Uses
Best Use
Retail
$853.8K
$747.1K – $996.1K
NOI $59,764 @ 7.0% cap · market cap 4.98%
Second Best
Industrial
$540.0K
$472.5K – $630.0K
NOI $37,798 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,635 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Big O Tires
Shops & Services
1,120 visits/mo
0.0 miles
Southern Self Storage
Shops & Services
916 visits/mo
0.4 miles
Demographics for 85268, AZ
24,031
Population
13,429
Households
1.8
Avg Household Size
61
Median Age
50%
College-Educated
97%
High-School Grad
20.5 sq mi
ZIP Area
1,172
Density / Sq Mi
$105,288
Median Household Income
$55,054
Median Earnings
$1,781
Median Rent
$576,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Liberty Auto Center — 11625 N Saguaro Blvd, Fountain Hills, AZ 85268
- Glassy Auto Glass — 11803 N Saguaro Blvd Suite 11A, Fountain Hills, AZ 85268
- Big O Tires — 11429 N Saguaro Blvd, Fountain Hills, AZ 85268
- Impact Collision Shop — 11645 Desert Vista, Fountain Hills, AZ 85268
- Anchest Auto Glass of Fountain Hills — 17149 amhurst dr, fountain hills, az 85268
Frequently Asked Questions
What type of property is this?
Auto shop - 4,740 SF Big O Tires on 0.57 acres.
Where is this auto shop located?
The property is located at 11429 N Saguaro Blvd Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: New 5‑year absolute NNN lease commenced May 1, 2025.; Located on N Saguaro Blvd with **high visibility (~18,000 vehicles per day)**.; $6,000 annual rent increases during the primary term.
