445 4Th StBenson, AZ 85602

Property Details for 445 4Th St

Year built

2004

Lot size

1.48 AC

Property size (Sq ft)

9,034 SF

Property type

Retail properties

Property subtype

Retail space

APN

123-20-004E

APU

12320004E

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,315,834

  6.5%

  $1,214,616

  7%

  $1,127,857

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,788,209

  Geo Method

  $3,788,209

• Alternative Use

  Use

  Valuation

  Residential

  $1,024,574

  Hospitality

  $938,504

  Educational

  $780,824

  Medical

  $807,678

  Retail

  $1,214,616

Location Insight

City

Benson

County

Cochise

State

Arizona

Latitude

31.9691

Longitude

-110.304

CBSA code

43420

CBSA name

SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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