4280 Benson Hwy Tucson, AZ 85706

This exceptional investment opportunity presents a 2,323-square-foot Quik Mart gas station located at 4280 E Benson Hwy, Tucson, AZ 85706. Boasting a prime location on a hard corner with easy I-10 freeway access (80,000 cars daily), this property benefits from high visibility and significant traffic flow. The property sits on a 0.97-acre lot and was built in 1971. Currently operating under a NNN lease with a corporate guarantee from Southwest Convenience SPE, LLC, the lease features a substantial remaining term of 18.4 years, expiring April 30, 2043, with commencement on April 5, 2023. The lease includes 10% rent bumps every five years and multiple 4 and 5-year renewal options, ensuring consistent income growth. The current asking price is $2,783,000, representing a 6.00% cap rate and a price per square foot of $1,198.02. The property generates a Net Operating Income (NOI) of $167,000. This investment is further enhanced by its eligibility for significant tax benefits, including 60% year-one bonus depreciation or 15-year accelerated depreciation per IRS 1250 property designation. The strong tenant, Quik Mart, is the largest independent convenience store retailer in the Tucson Metropolitan Statistical Area, serving a dense population of 589,555 residents within a 10-mile radius. This presents a compelling opportunity for long-term, stable returns in a thriving market. The 100% occupancy rate underscores the property's desirability and the tenant's commitment to the location.