350 Mariposa Rd Nogales, AZ 85621
High-Yield Retail Investment: Triple-Net Lease, 100% Occupancy
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 25,110 SF shopping center in Nogales, AZ, on a 4.24-acre lot, with a $5,175,000 asking price ($206.09/SF).
- 100% occupied by three national credit-rated tenants (Aeropostale, Nautica, Shoe Carnival) under triple-net (NNN) leases with corporate guarantees; 8.00% cap rate and $414,004 NOI.
- Prime power corner location at W. Mariposa Rd. & Highway 19, in a thriving retail market with nearly $500 million in annual sales.
- Strong tenant lineup, high occupancy, and significant upside potential in rental rates; below replacement cost.
- Large, stable 25-mile trade area with major employers including Carondelet Health Network, The Home Depot, Prestolite Wire, and EDS Manufacturing; high barriers to entry market.
Property Details for 350 Mariposa Rd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 25,110 SF
- Year Built
- 2014
- Buildings
- 1
- Lot Size (sq. ft)
- 184,694 SF
Location Insight
- City
- Nogales
- County
- Santa Cruz
- State
- Arizona
- Latitude
- 31.367580192668
- Longitude
- -110.93848735319
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - High-Yield Retail Investment: Triple-Net Lease, 100% Occupancy
- Where is the lifestyle center located?
- The property is located at 350 Mariposa Rd Nogales, AZ.
- What is the asking price?
- The asking price for this property is $5,175,000.
- What are key features of this property?
- This property features: 25,110 SF shopping center in Nogales, AZ, on a 4.24-acre lot, with a $5,175,000 asking price ($206.09/SF).; 100% occupied by three national credit-rated tenants (Aeropostale, Nautica, Shoe Carnival) under triple-net (NNN) leases with corporate guarantees; 8.00% cap rate and $414,004 NOI.; Prime power corner location at W. Mariposa Rd. & Highway 19, in a thriving retail market with nearly $500 million in annual sales.
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