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NNN Lease Riliberto's Restaurant

1235 Iron Springs Rd. Prescott, AZ 86305

1235 Iron Springs Rd., Prescott, AZ, 86305

$1,642,000

For Sale

$1,642,000

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

Property Size3,700 SF

Price / SF$443.78

AddedNov 25, 2025

Days on Market232

Last RefreshMay 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 office Western Retail Advisors, LLC

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

Investment Insights

Based on property information with market context.

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.

Key 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.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$96.3k	$26.04
− Vacancy	−$4.7k	−$1.28
EGI	$91.6k	$24.76
− OpEx	−$27.5k	−$7.43
NOI	$64.1k	$17.33

3,700 SF · lease $26.04/SF/yr · vacancy 4.90% · expense 30.00%

Alternative Uses

Best Use

Retail

$916.3K

$801.7K – $1.07M (±1% cap)

NOI $64,139 @ 7.0% cap · market cap 3.91%

Second Best

Specialty Retail

$702.8K

$614.9K – $819.9K (±1% cap)

NOI $49,194 @ 7.0% cap · market cap 3.00%

Theoretical Best

Warehouse

$1.24M

$1.08M – $1.45M (±1% cap)

NOI $86,764 @ 7.0% cap · market cap 5.28%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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

Suggested Use

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For sale
Drive through restaurants
AZ
Prescott
86305
1235 Iron Springs Rd.

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.