For Sale
$800,000

695 Ocotillo RdBenson, AZ 85602

High-return QSR, renovated 2024.

Overview

Added:
Dec 11, 2024
Days on market:
115
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
695 Ocotillo Rd, Benson, Arizona

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
695 Ocotillo Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message