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Tucson Retail Property For Sale

4278 E Benson Hwy, Tucson, AZ

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For Sale

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Retail property with corporate lease and rental increases in Tucson.

Type:RETAIL

Property size:

2,323 SF

Lot size:

0.97 Acres

Price / SF:

$1,198/SF

HighLights

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.
589,555 residents within a 10‑mile radius in Tucson.
Hard corner location with easy access to the I‑10 Freeway (80,000 Cars per Day).
Located within a 10‑minute drive of Davis‑Monthan Air Force Base and Tucson International Airport.

We can help!

Listing Contact

Chris Lind

For Sale

Contact for pricing

Retail property with corporate lease and rental increases in Tucson.

Type:RETAIL

Property size:

2,323 SF

Lot size:

0.97 Acres

Price / SF:

$1,198/SF

Added:: Sep 19, 2024
Days on Market:: 633
Last Refresh:: May 20 at 8:10 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

We can help!

Listing Contact

Chris Lind

Listing agent Chris Lind License #(S):AZ:SA550593000,NV:S.0192964

Listing office Marcus & Millichap | Phoenix

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

HighLights

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.
589,555 residents within a 10‑mile radius in Tucson.
Hard corner location with easy access to the I‑10 Freeway (80,000 Cars per Day).
Located within a 10‑minute drive of Davis‑Monthan Air Force Base and Tucson International Airport.

Overview

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 Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Location Insight

Map
Local Demand

City: Tucson
County: Pima
State: Arizona
Longitude: -110.904
Latitude: 32.1414

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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.

4278 E Benson Hwy, Tucson, AZ

Retail property with corporate lease and rental increases in Tucson.

Property Features for 4278 E Benson Hwy

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Commercial Building, Tucson East

Versatile Retail/Industrial Property in Tucson

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Tucson Industrial Warehouse with Secured Yard

Renovated Commercial Building Near I-10

Versatile Commercial Building in Tucson

Multi-Office Office Building

Campbell Avenue Commercial Opportunity

Multifamily Near University of Arizona

Tucson Quadruplex Investment Opportunity

Tucson Quadruplex Investment Opportunity

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