For Sale
$5,175,000

350 Mariposa Rd Nogales, AZ 85621

High-Yield Retail Investment: Triple-Net Lease, 100% Occupancy

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents the Mariposa Jewel Box Shops, a 25,110 square foot shopping center located at 350 W Mariposa Rd, Nogales, AZ 85621. The property boasts a prime location on a power corner at the intersection of W. Mariposa Rd and Highway 19, within a thriving retail market generating nearly $500 million in annual sales. Built in 2014, this single-building, fee-simple property sits on a 4.24-acre lot and is currently 100% occupied by three national credit-rated tenants: Aeropostale, Nautica, and Shoe Carnival, under triple-net (NNN) leases with corporate guarantees. The asking price is $5,175,000, representing a compelling $206.09 per square foot and an 8.00% cap rate, with a current net operating income (NOI) of $414,004. Rent bumps are included in the lease agreements. The property benefits from a large, stable trade area encompassing a 25-mile radius, served by major employers such as Carondelet Health Network, The Home Depot, Prestolite Wire, and EDS Manufacturing. The strong tenant lineup, high occupancy, and prime location make this a truly exceptional investment opportunity with significant upside potential in rental rates. The property offers a unique opportunity for ownership in a market with high barriers to entry.

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

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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350 Mariposa Rd
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