*Example K-MOMO Signage $4,850,000 8.04% Cap Rate 25,110 Square Feet 100% Leased Mariposa Mall 3 Tenant NNN Shops Nogales, AZ K-MOMO 17 Total Locations in Arizona AEROPOSTALE 350+ Total Locations Around the World Total Sales (2016) $1.5 Billion SHOE CARNIVAL 402 Total Locations in 33 States and Puerto Rico Total Sales (2017) $1.02 Billion Balance Sheet: NO DEBT Sanford Burstyn (602) 687-6783 [email protected]
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*Example K-MOMO Signage
$4,850,0008.04% Cap Rate
25,110 Square Feet100% Leased
Mariposa Mall3 Tenant NNN ShopsNogales, AZ
K-MOMO17 Total Locations in Arizona
AEROPOSTALE350+ Total Locations Around the World
Total Sales (2016) $1.5 Billion
SHOE CARNIVAL402 Total Locations in 33 States and Puerto Rico
Total Sales (2017) $1.02 BillionBalance Sheet: NO DEBT
MARKET OVERVIEW Las PalmillasAREA OVERVIEW Mariposa Mall Shops
Nogales is a city in Santa Cruz County, Arizona, United States. The City of Nogales had a population of 20,255 as of July 1, 2016. Nogales forms part of the larger Tucson-Nogales combined statistical area, with a total population of 1,027,683 as of the 2010 Census. The city is the county seat of Santa Cruz County. Nogales, Arizona, borders the city of Nogales, Sonora, Mexico, and is Arizona’s largest international border community. The southern terminus of Interstate 19 is located in Nogales at the U.S.-Mexico border; the highway continues south into Mexico as Mexico Federal Highway 15. The highways meeting in Nogales comprise a major road intersection in the CANAMEX Corridor, connect ing Canada, the United States, and Mexico. Nogales also is the beginning of the Arizona Sun Corridor, an economically important trade region stretching from Nogales to Prescott, Al., including the Tucson and Phoenix metropolitan areas.
The economy of Nogales is heavily dependent on the cross-border trade through its Ports of Entry by produce distributors and American-based manufacturing plants in Nogales, Sonora and throughout the rest of the Mexican states of Sonora and Sinaloa. Most of Nogales’ economy is based on agribusi ness and produce distributors, which comes from large farms in the Mexican agri-belt. Despite its small population, Nogales actually receives much patronage from its bordering sister-city, Nogales, Sonora, Mexico. Most observers guess the population of Nogales, Sonora, at roughly 400,000. In ternational commerce is a big part of Nogales’ economy. More than 60 percent of Nogales’ sales tax comes from the estimated 30,000 Mexican shoppers crossing the border daily. Nogales, Arizona, and Nogales, Sonora, are home to one of the largest maquiladora clusters. This enables American manu facturing plants on both sides of the border to take advantage of favorable wage and operating costs and excellent transportation and distribution networks.
Nogales is home to four International Ports of Entry, including the Morley Pedestrian Port of Entry, Dennis Deconcini Pedestrian and Passenger Vehicle Port of Entry, Nogales International Airport, and the Mariposa Port of Entry. The Nogales-Mariposa Port of Entry has 12 passenger vehicle inspection lanes and 8 commercial inspection lanes.
A number of places in the city of Nogales have been listed in the National Register of Historic Sites. Among these are the Tumacacori National Monument and the Tubae Presidio, which was established by the Spanish in 1752.
Santa Cruz County operates the Nogales International Airport, a general use airport. Nogales does not currently have any public transportation. Private bus companies Greyhound and TUFESA, as well as several shuttle companies, connect Nogales with Tucson and points north.