4280 E Benson Hwy - Convenience Store FOR SALE


Tucson, AZ 85706- Ward 5
$2,783,000 USD
602-687-6780
4280 E Benson Hwy, Tucson, AZ for Sale
$2,783,000 USD
Convenience Store - FOR SALE
1/5
null | 6% Cap Rate

4280 E Benson Hwy
Tucson, AZ 85706
Ward 5


HIGHLIGHTS

  • 19 Years Remaining on Corporate Lease with Southwest Convenience SPE, LLC (17+ Units)
  • 10% Rental Increases Every Five Years with Multiple Renewal Options on Lease
  • Property Qualifies for 60% Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
  • 589,555 Residents within a 10-Mile Radius - Dense Tucson Infill
  • Hard Corner Location with Easy Access to the I-10 Freeway (80,000 Cars per Day)

OVERVIEW

With 19 years remaining on a corporate lease with Southwest Convenience SPE, LLC (17+ units), this property offers a stable investment. Featuring 10% rental increases every five years and multiple renewal options, it promises consistent returns. The property qualifies for 60% year-one bonus depreciation or 15-year accelerated depreciation per IRS 1250 property designation. Located in dense Tucson infill with 589,555 residents within a 10-mile radius, it boasts a hard corner location with easy access to the I-10 freeway (80,000 cars per day). Just a 10-minute drive from Davis-Monthan Air Force Base and Tucson International Airport, the property is also home to Quik Mart, the largest independent convenience store retailer in the Tucson MSA. It enjoys excellent accessibility along East Benson Highway.

FOR SALE DETAILS

PRICE

$2,783,000 USD

PRICE/SF

$1,198 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quick Mart

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

CB-2

APN/PARCEL ID

140-35-206A

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.