300 Mariposa RdNogales, AZ 85621

Property Details for 300 Mariposa Rd

Year built

1991

Construction

CONCRETE

Lot size

7.76 AC

Property size (Sq ft)

7,468 SF

Property type

Retail properties

Property subtype

Community centers

APN

102-01-035D

APU

10201035D

Description

This exceptional sublease opportunity presents 50,213 square feet of retail space within the Mariposa Mall in Nogales, Arizona. Located at 300 W Mariposa Rd, 85621, this strip center enjoys a high-traffic location approximately three miles north of the US-Mexico border, benefiting from significant cross-border retail activity. The property is part of a vibrant retail area, complemented by the presence of major national retailers such as Walmart, Home Depot, and Safeway, further enhancing its appeal and drawing power. The mall itself houses a variety of established businesses, creating a synergistic retail environment. The Nogales, Arizona trade area boasts a population of approximately 41,208, while the neighboring Nogales, Sonora, Mexico population is approximately 220,292 (Source: Claritas, 2010 census), significantly increasing the potential customer base. This substantial retail space is ideal for a major anchor tenant seeking a strategic location within a thriving border town market. The property type is retail, specifically a strip center, and offers multiple tenancy options. Santa Cruz County provides a strong foundation for this retail investment. This is a rare opportunity to secure a significant presence in a dynamic and growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,473,242

  6.5%

  $1,359,916

  7%

  $1,262,779

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,131,542

  Geo Method

  $3,131,542

• Alternative Use

  Use

  Valuation

  Residential

  $1,147,140

  Hospitality

  $1,050,774

  Educational

  $874,232

  Medical

  $904,298

  Retail

  $1,359,916

Location Insight

City

Nogales

County

Santa Cruz

State

Arizona

Latitude

31.3681

Longitude

-110.936

CBSA code

35700

CBSA name

NOGALES, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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