AutoZone NNN
For Sale
Contact for pricing
1202 W Main St, Somerton, AZ 85350
AutoZone-branded commercial property with a 2026 construction year designation.
Property Size7,360 SF
Price / SF$298.91
Days on Market166
Property Features for 1202 W Main St
General Information
Standard status
Active
Size
7,360 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$110,000
Building Details
Year Built
2026
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Hanley Investment Group
Listed By:
Lee Csenar · License #CA 01858335
Source:
Crexi
Added: Mar 19
Changed: Aug 30
Last Checked: Aug 30 at 1:33PM
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 Hanley Investment Group
Investment Insights
Based on property information with market context.
This NNN property is identified with the AutoZone name and encompasses 7,360 square feet. The property information assigns a 2026 year built designation.
The asset is located at 1202 W Main St in Somerton, Arizona 85350. It is offered for sale.
The asset is located at 1202 W Main St in Somerton, Arizona 85350. It is offered for sale.
Key Highlights
- AutoZone‑branded property
- NNN property classification
- 7,360 square feet
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
$74,627
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
3.39%
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%
$1,492,540
$1.5M
Cap Rate 7%
$1,066,100
$1.1M
Cap Rate 9%
$829,189
$829.2K
Market Conditions
NOI Build-Up for 7,360 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
$111.3K $15.12/SF
− Vacancy
−$4.7K −$0.64/SF
EGI
$106.6K $14.48/SF
− OpEx
−$32.0K −$4.35/SF
NOI
$74.6K $10.14/SF
Area
Yuma County, AZ
Vacancy
4.20%
Lease Rate
$15.12 /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%
$1,492,540
Cap Rate 7%
$1,066,100
Cap Rate 9%
$829,189
Alternative Uses
Best Use
Retail
$1.07M
$932.8K – $1.24M
NOI $74,627 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.78M
$3.31M – $4.41M
NOI $264,620 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 85350, AZ
18,486
Population
6,421
Households
2.9
Avg Household Size
31
Median Age
15%
College-Educated
65%
High-School Grad
81.3 sq mi
ZIP Area
227
Density / Sq Mi
$72,115
Median Household Income
$34,506
Median Earnings
$864
Median Rent
$211,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - AutoZone-branded commercial property with a 2026 construction year designation.
Where is this nnn property located?
The property is located at 1202 W Main St Somerton, AZ.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: AutoZone‑branded property; NNN property classification; 7,360 square feet
