1235 Iron Springs Rd Prescott, AZ 86305
Property Features for 1235 Iron Springs Rd
General Information
- Size
- 3,700 SF
Source:
W-retail
Listing 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
Location Insight
- Map
- Local Demand
- City
- Prescott
- County
- Yavapai
- State
- Arizona
- Longitude
- -112.486377
- Latitude
- 34.5611559
Nearby Similar for Sale
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.