For Sale
$1,590,000

445 4Th StBenson, AZ 85602

High-Yield Retail Portfolio in Arizona

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional retail investment property in Benson, Arizona, presents a compelling opportunity. The 13,034 square foot property boasts a strong tenant roster, including a Dollar General store that underwent a major renovation in 2022 and recently signed a five-year lease extension. A second tenant, the Arizona Department of Child Safety, occupies a portion of the building under a seven-year lease with a build-to-suit provision. The property features 100% occupancy, generating a substantial net operating income (NOI) of $132,000, resulting in an attractive 8.30% cap rate. Built in 2004 and situated on a sizable 64,470 square foot lot, the property is zoned B-1 and offers a solid return on investment. The asking price is $1,590,000, translating to $121.99 per square foot. This is a fee-simple ownership opportunity with a Class B building and a Net Lease (NN+) structure. The property's location in Benson, a central hub for northeastern Cochise County, ensures strong tenant demand and long-term stability. The credit-rated tenants provide further assurance of consistent income generation. This is a rare opportunity to acquire a well-established, high-performing retail investment property in a growing market.

Highlights

  • Strong tenant base with Dollar General (since 2004, recently renovated, and with a new 5-year lease extension) and a new 7-year lease with the Arizona Department of Child Safety (build-to-suit).
  • Excellent location in Benson, serving as a regional hub for northeastern Cochise County.

Property Details for 445 4Th St

Property type
Retail properties, Retail space
Square Feet
13,034 SF
Class
B
Year Built/Renovated
2004/2022

Location Insight

City
Benson
County
Cochise
State
Arizona
Latitude
31.969366179041
Longitude
-110.30397745561
445 4Th St, Benson, Arizona

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445 4Th St
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