Nogales, AZ - Burlington

Description:

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a single tenant, corporate guaranteed (NYSE: BURL), Burlington retail-anchor located in Nogales, Arizona. The tenant signed a new 10-year lease in 2026 with 4 (5-Year) options to extend. The lease features scheduled rental increases throughout the initial term and extension periods. The tenant operates under a NN lease (see page 7 for details) limiting landlord responsibilities. Burlington is a leading national off-price retailer operating 1,242 stores across 47 states. The roof features a new white elastomeric coating (October 2026), with a 10-year warranty covering both the coating and workmanship.

The subject property serves as an anchor tenant within Mariposa Mall, a 300K+ SF power center situated along Mariposa Road (23,900 VPD), Nogales’s primary commercial corridor just east of Interstate 19 (24,800 VPD) connecting the city to Tucson, 67 miles to the north. The center draws over 3 million annual visits (Placer.ai) and is co-anchored by Hobby Lobby, JCPenney, Ross, Marshalls, Boot Barn, Five Below, Ulta Beauty, and Dollar Tree, with outparcels including McDonald’s, Starbucks, and Panda Express.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP0000047ju9YAA