For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

1235 Iron Springs Rd Prescott, AZ 86305

For Sale
$1,642,000

Fully renovated restaurant with a brand new 15-year lease.

Property size:
3,700 SF

Property Features for 1235 Iron Springs Rd

General Information

Size
3,700 SF

Source: Andrew Lundahl Agent Andrew Lundahl

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

NNN Lease Riliberto's Restaurant

This fully renovated property is a restaurant with a brand new 15-year absolute NNN lease, offering zero landlord responsibilities. The lease is fully guaranteed by two entities that operate a combined 29 drive-thru locations. The lease includes three 5-year options to extend. The property benefits from rare 2.0% annual increases, providing a hedge against inflation, which continue through all three options. The property is located approximately half a mile from Dignity Health Yavapai Regional Medical Center West, Prescott's largest medical center, and a half-mile west of Prescott High School, which has approximately 1,530 students. It is shadow-anchored by Willow Creek Village, anchored by a Safeway and C-A-L Ranch Store. The property is also approximately 0.3 miles south of the Village at the Boulders, which is in the twelve percent of shopping centers visited in Arizona per Placer.AI. This will be the third Riliberto’s location in the Prescott/Prescott Valley Market. Riliberto’s currently has approximately 15 locations with plans for several more locations this year. The property size is 3700 square feet.
Location Intelligence

Current Use by Public Records

Ponderosa Hand Car ... Car Wash Riliberto’s Fresh Mexican Mexican Restaurant

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Prescott
County
Yavapai
State
Arizona
Longitude
-112.486377
Latitude
34.5611559

FAQs

What type of property is this?
Drive through restaurant - Fully renovated restaurant with a brand new 15-year lease.
Where is this drive through restaurant located?
The property is located at 1235 Iron Springs Rd Prescott, AZ.
What is the asking price?
The asking price for this property is $1,642,000.
What are key features of this property?
This property features: - Absolute NNN Lease with zero landlord responsibilities.; - Fully guaranteed lease by two entities with 29 drive-thru locations.; - Brand new 15-year lease with 3, 5-year options to extend.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message