445 4th St, Benson, AZ 85602-6560
- Retail space
- 9,034 SF
- 1.48 lot acres
Current Use by Public Records
- Retail space
Property Details for 445 4th St
- Year built
- 2004
- Lot size
- 1.48 lot acres
- Property type
- Retail space
- APN
- 123-20-004E
- APU
- 12320004E
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 27, 2025 | $1,385,000 | Amizade Properties LLC | Gayle Bauer Trust | Special Warranty Deed | — |
| Sep 15, 2015 | $1,150,000 | Gayle L Bauer | Benson Retail LLC | Warranty Deed | $645k · Mohave State Bank |
| Dec 3, 2007 | — | Benson Retail LLC | Laparne,ben | Quit Claim Deed · related | — |
| Sep 10, 2007 | $1,535,000 | Ben Laparne | Chandler Associates | Grant Deed | $1.1M · Key Bank & Trust |
| Jan 14, 2005 | $1,571,800 | Chandler Associates | Los Dos LLC | Grant Deed | — |
| — | — | Benson Retail LLC | — | Deed Of Trust · related | $1M · Mohave State Bank |
| — | — | Benson Retail LLC | — | Deed Of Trust · related | $919k · Mohave State Bank |
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $970,000
- 6.5%
- $895,000
- 7%
- $835,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,411,000
- AI Estimate
- $1,484,000
Market price range: $305k - $1.41MMarket price range: $362k - $1.48M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $850,000 Current use
- RESTAURANT
- $1,430,000 Change: +68% Conversion: Easy
- OFFICE BUILDING
- $1,185,000 Change: +40% Conversion: Easy
- MEDICAL BUILDING
- $985,000 Change: +16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Benson
- County
- Cochise
- State
- Arizona
- Longitude
- -110.304
- Latitude
- 31.9691
- CBSA code
- 43420
- CBSA name
- SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA
