445 4th St Benson, AZ 85602-6560
- Retail space
- 9,034 SF
- 1.48 lot acres
Mar 27, 2025
Current Use by Public Records
- Retail space
Property Details for 445 4th St
- Year built
- 2004
- Lot size
- 1.48 lot acres
- Property size
- 9,034 SF
- Property type
- Retail space
- APN
- 123-20-004E
- APU
- 12320004E
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 Estimation
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CAP approach
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Comparable approach
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Alternative Use
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
