695 Ocotillo Rd Benson, AZ 85602

This exceptional investment opportunity presents a fully renovated (2024) 3,190 square foot quick-service restaurant (QSR) in Benson, Arizona. Located on a 0.93-acre lot at 695 N Ocotillo Rd, this single-story building boasts a prime location just off I-10, a major travel artery in Southeast Arizona. The property benefits from high visibility and convenient access, further enhanced by its proximity to the Quality Inn Benson, ensuring a consistent customer base. The current tenant, Filiberto's Mexican Food, operates under a Net Lease (NNN) agreement with 4.6 years remaining on the lease, offering significant stability. The lease includes attractive 3% annual rent increases throughout the base term, with potential for even higher increases in the options. The current rent is $18.81 per square foot. Extensive renovations in 2024 encompassed both interior and exterior improvements, including upgrades to the roof, windows, and HVAC system. This turnkey investment offers a compelling 7.50% cap rate on a $60,000 annual net operating income (NOI) and an asking price of $800,000. The land value is $250.78 per square foot. This sub-$1 million QSR property represents a rare opportunity for a strong return in a strategically located market. The property is 100% occupied. Built in 1987.