NNN Automotive Property with Six
For Sale
$1,650,000
7890 E STATE ROUTE 69, Prescott Valley, AZ 86314
Fully leased automotive facility with NNN structure, established tenancy, and commercial zoning along State Route 69.
Property Size5,247 SF
Lot Size0.32 Acres
Price / SF$314.47
Days on Market148
Property Features for 7890 E STATE ROUTE 69
General Information
Standard status
Active
Size
5,247 SF
Lot size
0.32 Acres
Property subtype
Commercial/Industrial
Zoning
C2-3
Occupancy
100%
Additional Details
Cap Rate
7.2%
Road Access
Yes
Service Bays
6
Taxes and HOA fees
Annual Taxes
$4,808
Amenities
2 exterior loading docks
2 car lifts
reception area
private office
2 bathrooms
additional upper-level storage
Building Details
Year Built
1985
Buildings
1
Tenancy
Single
Listing Agency:
eXp Realty
(928) 237-4425
Listed By:
Geoffrey R Hyland · License #SA561564000
(928) 237-4425
Source:
Exitrealty
Added: Apr 5
Changed: Aug 30
Last Checked: Aug 30 at 5:45AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This NNN automotive property includes a 6-bay repair facility with 2 exterior loading docks, 2 car lifts, a reception area, private office, 2 bathrooms, and upper-level storage. The building was constructed in 1985 and occupies a 0.32-acre C2-3-zoned lot. The property is currently occupied by Mike's Transmission.
The lease runs through 12/31/2032 and provides 2% annual increases. The master lease is held by a major corporation, and the property carries a 7.2% cap rate. The site fronts State Route 69 in Prescott Valley with 30 ft of frontage.
The NNN structure assigns zero landlord responsibilities, while the zoning supports a variety of commercial uses. The existing improvements combine automotive service functionality with office, customer reception, restroom, loading, and storage areas.
The lease runs through 12/31/2032 and provides 2% annual increases. The master lease is held by a major corporation, and the property carries a 7.2% cap rate. The site fronts State Route 69 in Prescott Valley with 30 ft of frontage.
The NNN structure assigns zero landlord responsibilities, while the zoning supports a variety of commercial uses. The existing improvements combine automotive service functionality with office, customer reception, restroom, loading, and storage areas.
Key Highlights
- 7.2% cap rate with 2% annual increases
- NNN lease with zero landlord responsibilities through 12/31/2032
- 6 active bays, 2 exterior loading docks, and 2 car lifts
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
$101,328
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
6.14%
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%
$2,026,560
$2.0M
Cap Rate 7%
$1,447,543
$1.4M
Cap Rate 9%
$1,125,867
$1.1M
Market Conditions
NOI Build-Up for 5,247 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
$152.4K $29.04/SF
− Vacancy
−$7.6K −$1.45/SF
EGI
$144.8K $27.59/SF
− OpEx
−$43.4K −$8.28/SF
NOI
$101.3K $19.31/SF
Area
Yavapai County, AZ
Vacancy
5.00%
Lease Rate
$29.04 /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%
$2,026,560
Cap Rate 7%
$1,447,543
Cap Rate 9%
$1,125,867
Alternative Uses
Best Use
Industrial
$1.45M
$1.27M – $1.69M
NOI $101,328 @ 7.0% cap · market cap 6.14%
Second Best
Retail
$1.30M
$1.14M – $1.52M
NOI $90,956 @ 7.0% cap · market cap 5.51%
Theoretical Best
Warehouse
$1.76M
$1.54M – $2.05M
NOI $123,041 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,373
Businesses Nearby
211k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 26%
Groceries 18%
Apparel 8%
Safeway
Groceries
38,400 visits/mo
0.2 miles
McDonald's
Dining
33,995 visits/mo
0.4 miles
Taco Bell
Dining
18,880 visits/mo
0.1 miles
Goodwill
Apparel
16,216 visits/mo
0.3 miles
Burger King
Dining
11,721 visits/mo
0.2 miles
Demographics for 86314, AZ
39,461
Population
16,806
Households
2.3
Avg Household Size
44
Median Age
23%
College-Educated
89%
High-School Grad
26.6 sq mi
ZIP Area
1,483
Density / Sq Mi
$67,263
Median Household Income
$37,829
Median Earnings
$1,432
Median Rent
$363,700
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 - Fully leased automotive facility with NNN structure, established tenancy, and commercial zoning along State Route 69.
Where is this nnn property located?
The property is located at 7890 E STATE ROUTE 69 Prescott Valley, AZ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 7.2% cap rate with 2% annual increases; NNN lease with zero landlord responsibilities through 12/31/2032; 6 active bays, 2 exterior loading docks, and 2 car lifts
