Big O Tires Absolute NNN
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For Sale
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5355 E Carefree Hwy, Cave Creek, AZ 85331
Automotive service facility benefits from long-term lease coverage with no landlord responsibilities.
Property Size6,000 SF
Price / SF$973.91
Days on Market6
Property Features for 5355 E Carefree Hwy
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$336,000
Site & Location
Traffic Count
50,000 vehicles/day
Road Access
Yes
Building Details
Year Built
2022
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Phoenix, Arizona
(602) 224-4475
Listed By:
Chris Hollenbeck · License #SA584876000
Source:
Crexi
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 4 at 8:32AM
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 Cushman & Wakefield - Phoenix, Arizona
Investment Insights
Based on property information with market context.
This 6,000-square-foot automotive service property was developed in 2022 for Big O Tires. The investment is subject to a new 20-year absolute NNN lease, placing operating and property responsibilities with the tenant. Contractual rent increases of 8% every five years are included in the lease, and a franchisee guaranty supports the lease structure.
The property occupies the signalized intersection of Carefree Highway and Cave Creek Road in Cave Creek, Arizona. The corridor records traffic counts exceeding 50,000 vehicles per day and is surrounded by Walmart Supercenter, Lowe’s, Sprouts Farmers Market, Starbucks, and McDonald’s. Average household income within five miles exceeds $210,000. The site is also approximately two miles from the proposed Carefree Quarter mixed-use development.
The property occupies the signalized intersection of Carefree Highway and Cave Creek Road in Cave Creek, Arizona. The corridor records traffic counts exceeding 50,000 vehicles per day and is surrounded by Walmart Supercenter, Lowe’s, Sprouts Farmers Market, Starbucks, and McDonald’s. Average household income within five miles exceeds $210,000. The site is also approximately two miles from the proposed Carefree Quarter mixed-use development.
Key Highlights
- 6,000‑square‑foot automotive service property developed in 2022
- New 20‑year absolute NNN lease with zero landlord responsibilities
- Contractual 8% rental increases every five years
Property Analytics
Current Use
Lease Details
50,000 VPD
Traffic count
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
225k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Superstores 27%
Home Improvements & Furnishings 15%
Shops & Services 12%
Walmart
Superstores
60,195 visits/mo
0.2 miles
Sprouts Farmers Market
Groceries
19,548 visits/mo
0.0 miles
Dutch Bros. Coffee
Dining
18,772 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
17,769 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
16,320 visits/mo
0.1 miles
Demographics for 85331, AZ
31,038
Population
13,680
Households
2.3
Avg Household Size
51
Median Age
53%
College-Educated
99%
High-School Grad
131.1 sq mi
ZIP Area
237
Density / Sq Mi
$123,710
Median Household Income
$61,542
Median Earnings
$2,535
Median Rent
$674,400
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 - Automotive service facility benefits from long-term lease coverage with no landlord responsibilities.
Where is this nnn property located?
The property is located at 5355 E Carefree Hwy Cave Creek, AZ.
What is the asking price?
The asking price for this property is $5,843,480.
What are key features of this property?
This property features: 6,000‑square‑foot automotive service property developed in 2022; New 20‑year absolute NNN lease with zero landlord responsibilities; Contractual 8% rental increases every five years
