For Sale
$800,000

695 Ocotillo Rd Benson, AZ 85602

High-return QSR, renovated 2024.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fully renovated (2024) 3,190 square foot quick-service restaurant (QSR) in Benson, Arizona. Located on a 0.93-acre lot at 695 N Ocotillo Rd, this single-story building boasts a prime location just off I-10, a major travel artery in Southeast Arizona. The property benefits from high visibility and convenient access, further enhanced by its proximity to the Quality Inn Benson, ensuring a consistent customer base. The current tenant, Filiberto's Mexican Food, operates under a Net Lease (NNN) agreement with 4.6 years remaining on the lease, offering significant stability. The lease includes attractive 3% annual rent increases throughout the base term, with potential for even higher increases in the options. The current rent is $18.81 per square foot. Extensive renovations in 2024 encompassed both interior and exterior improvements, including upgrades to the roof, windows, and HVAC system. This turnkey investment offers a compelling 7.50% cap rate on a $60,000 annual net operating income (NOI) and an asking price of $800,000. The land value is $250.78 per square foot. This sub-$1 million QSR property represents a rare opportunity for a strong return in a strategically located market. The property is 100% occupied. Built in 1987.

Highlights

  • Fully renovated (2024) 3,190 SF QSR with drive-thru.
  • $18.81/SF rent.
  • 3% annual rent increases; potential for higher increases in option periods.
  • Sub-$1M price point; attractive return.
  • Prime I-10 location in Benson, AZ.
  • Adjacent to Quality Inn Benson, ensuring consistent customer base.

Property Details for 695 Ocotillo Rd

Property type
Retail properties
Year Built/Renovated
1987/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Benson
County
Cochise
State
Arizona
Latitude
31.9763549
Longitude
-110.3076882

FAQs

What type of property is this?
Retail property - High-return QSR, renovated 2024.
Where is the retail property located?
The property is located at 695 Ocotillo Rd Benson, AZ.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Fully renovated (2024) 3,190 SF QSR with drive-thru.; $18.81/SF rent.; 3% annual rent increases; potential for higher increases in option periods.
How can I contact the broker?
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695 Ocotillo Rd
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