306 Ocotillo Ave, Benson, AZ 85602
47,000 SF | 85% Leased | Retail Building | Benson, AZ 85602 | $3,448,500 ($73/SF) | 7% Cap Rate
For Sale
Active
Asking Price $3,448,500
- Property Type
-
Retail
- Square Feet
- 47,000 SF
- Price / Square Foot
- $73
Listing Contacts
- Property Info
Property Overview
Roof renovated in 2024 with 10-year warranty, stucco and paint improvements from 2022. Property is currently 85% leased with five vacant spaces remaining in the center.
Property Details
- Class
- B
- Year Built/Renovated
- 1979/2005
- Stories
- 1
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 196,891 SF
Highlights
- Retail investment anchored by Tractor Supply, the largest rural lifestyle retailer in the United States.
- Internet and recession resistant business featuring tenants in home improvement, agricultural technology, fitness, and beauty.
- Immediate upside through leasing of vacancies.
- Low price per square foot with average rents cheaper than $6.20 psf per year.
- Within close proximity to multiple new housing developments.
- Situated in a popular tourist destination.
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