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    306 Ocotillo Ave Benson, AZ 85602

    For Sale
    $3,448,500

    High-yield retail center, 85% occupied.

    Property size:
    47,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This 47,000 square foot shopping center in Benson, Arizona, presents a compelling investment opportunity. Boasting a 7% cap rate and a strong NOI of $241,395, the property is anchored by Tractor Supply Company, a long-term tenant since 2013, who recently exercised a lease extension. Other tenants include Sentek USA Inc. (with a 10-year lease through March 2028 and expanding their space), House of Iron Crossfit, and Vay Beauty Salon & Co. The center features a diverse tenant mix representing home improvement, agricultural technology, fitness, and beauty sectors, offering resilience against economic downturns. With 85% occupancy, there's significant potential for value appreciation through lease-up of the remaining vacant spaces. Recent renovations in 2022 and 2024 enhance the property's appeal. The property sits on a 169,884 square foot lot, zoned B-2 General Business, and enjoys a prime location near Interstate 10, alongside major retailers like Safeway and Walmart, and Benson Hospital. The asking price is $3,448,500, translating to a price per square foot of $73.37. Average rents are $6.20 PSF. The property's strategic location, strong tenant base, and potential for future growth make it an attractive investment prospect. The APN is 12319008C & 12319008E.

    Property Features for 306 Ocotillo Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    47,000 SF

    HighLights

    • 47,000 SF shopping center in Benson, AZ, with 85% occupancy and a 7% cap rate.
    • Asking price: $3,448,500, $73.37/SF. NOI: $241,395.
    • Anchored by Tractor Supply Company, with additional tenants including Sentek USA Inc., House of Iron Crossfit, and Vay Beauty Salon & Co.
    • Tractor Supply recently exercised a lease extension option; Sentek has a 10‑year lease through March 2028.
    • Strategically located near Interstate 10, Safeway, Walmart, and Benson Hospital.
    • Property features a mix of recession‑resistant businesses in home improvement, agriculture, fitness, and beauty.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Benson
    County
    Cochise
    State
    Arizona
    Longitude
    -110.3080978
    Latitude
    31.9672813

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield retail center, 85% occupied.
    Where is this lifestyle center located?
    The property is located at 306 Ocotillo Ave Benson, AZ.
    What is the asking price?
    The asking price for this property is $3,448,500.
    What are key features of this property?
    This property features: 47,000 SF shopping center in Benson, AZ, with 85% occupancy and a 7% cap rate.; Asking price: $3,448,500, $73.37/SF. NOI: $241,395.; Anchored by Tractor Supply Company, with additional tenants including Sentek USA Inc., House of Iron Crossfit, and Vay Beauty Salon & Co.
    Request Owner's contact information
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    Benson, AZ 85602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    306 Ocotillo Ave Benson, AZ 85602
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