NNN Lease Riliberto's
1235 Iron Springs Rd., Prescott, AZ 86305
Fully renovated restaurant with a brand new 15-year lease.
Type:Retail
Property size:
3,700 SFPrice / SF:
$443/SF- Added:
- Nov 25, 2025
- Days on Market:
- 185
- Last Refresh:
- May 19 at 8:33 pm
Property Features for 1235 Iron Springs Rd.
General Information
- Standard status
- Active
- Size
- 3,700 SF
- Property subtype
- Retail
Listing agent Andrew Lundahl License #SA69994000
Listing office Western Retail Advisors, LLC (602) 931-4494
Listing date Nov 25, 2025
Source W-retail
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 Western Retail Advisors, LLC
HighLights
- 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.
- Rare 2.0% annual rental increases providing an excellent hedge against inflation, continuing through all three options.
- Shadow anchored by Willow Creek Village, anchored by Safeway and C‑A‑L Ranch Store.
- Approximately 0.3 miles south of the Village at the Boulders, a highly visited shopping center in Arizona.
Overview
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
Restaurant
Location Insight
- Map
- Local Demand
- City
- Prescott
- County
- Yavapai
- State
- Arizona
- Longitude
- -112.486
- Latitude
- 34.5612
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.
