Cave Creek Retail for Sale - N Phoenix/Cave Creek
Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment tenanted by Big O Tires, one of the most established tire and automotive service brands in the United States. The property is secured by a brand new 20-year absolute NNN lease with zero landlord responsibilities and features 8% rental increases every five years, providing investors with stable cash flow and long-term income growth.
Big O Tires was founded in 1962 and has grown into one of the largest tire and automotive service franchise systems in the United States. The company operates nearly 450 locations nationwide, with a strong presence throughout the Western and Midwestern U.S. Big O Tires offers a wide range of essential automotive services, including tire sales, tire service, wheel alignments, oil changes, brake service, batteries, suspension and steering, and routine maintenance. Big O Tires became part of TBC Corporation in 1996, one of North America’s largest marketers of automotive replacement tires. TBC Corporation supports a broad automotive platform that includes franchised tire and service centers, wholesale tire distribution, and well-known retail tire brands. Big O Tires benefits from TBC’s national vendor relationships, purchasing power, operating systems, and industry experience while maintaining a franchise-based model centered around local ownership and customer service. The Big O Tires franchise platform provides operators with the strength of a nationally recognized brand while allowing individual franchisees to serve their local markets directly. This location is operated by E&E Holdings Group, LLC, with a portfolio of 7 locations across Arizona and over $26 million in annual revenue. A franchisee guaranty is provided within the lease, further strengthening the tenant profile and overall lease structure.
The property is located at the signalized intersection of Carefree Highway and Cave Creek Road, one of North Phoenix’s primary commercial corridors with traffic counts exceeding 50,000 vehicles per day. The site benefits from exceptional demographics, including average household incomes exceeding $210,000 within five miles, and is surrounded by national retailers including Walmart Supercenter, Lowe’s, Sprouts Farmers Market, Starbucks, and McDonald’s. Additionally, the property is located approximately two miles from the proposed Carefree Quarter mixed-use development, further supporting long-term growth within the trade area.
This offering represents an opportunity to acquire a newly developed Big O Tires investment with long-term lease security, contractual rent growth, and exceptional real estate fundamentals in one of the Phoenix metropolitan area's most affluent submarkets.
