4278 E Benson Hwy Tucson, AZ
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Retail property with corporate lease and rental increases in Tucson.
Type:RETAIL
Property size:
2,323 SFLot size:
0.97 AcresPrice / SF:
$1,198/SF- Added:
- Sep 19, 2024
- Days on Market:
- 587
- Last Refresh:
- Apr 5 at 11:16 pm
Property Features for 4278 E Benson Hwy
General Information
- Standard status
- Active
- Size
- 2,323 SF
- Lot size
- 0.97 Acres
- Property subtype
- RETAIL
Listing agent Chris Lind (602) 370-9255
Listing office Marcus & Millichap | Phoenix (602) 370-9255
Listing date Sep 19, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Phoenix
Overview
Tucson Retail Property For Sale
This retail property is located at a hard corner location with convenient access to the I-10 Freeway, which sees 80,000 cars per day. The property is situated within a 10-minute drive of Davis-Monthan Air Force Base and Tucson International Airport. The surrounding area has a dense infill with 589,555 residents within a 10-mile radius. The property is currently under a corporate lease with Southwest Convenience SPE, LLC, with 19 years remaining. The lease includes 10% rental increases every five years and multiple renewal options. The property may qualify for 60% Year One Bonus Depreciation or 15 Year Accelerated Depreciation per IRS 1250 Property Designation. The property is easily accessible along East Benson Highway. The current tenant, Quik Mart, is the largest independent convenience store retailer in the Tucson MSA. The property size is 2,323 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.904
- Latitude
- 32.1414
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Retail property with corporate lease and rental increases in Tucson.
Where is this grocery and convenience store located?
The property is located at 4278 E Benson Hwy Tucson, AZ.
What is the asking price?
The asking price for this property is $2,783,000.
What are key features of this property?
This property features: 19 years remaining on corporate lease with Southwest Convenience SPE, LLC.; 10% rental increases every five years with multiple renewal options on lease.; Qualifies for 60% year one bonus depreciation or 15 year accelerated depreciation.
