Pheasant Lane Mall, occupying 1000000sqft, is one of the largest shopping malls in the state of New Hampshire and the focal point of the commercial area in south Nashua.
Currently, the mall has more than 140 stores and kiosks, including five anchor stores: Sears, JCPenney, Macy's, Dick's Sporting Goods, and Target, plus 15 restaurants. As of 2012, it is owned and managed by Simon Property Group of Indianapolis. As of March 2015 the mall is Simon's 7th highest grossing center with $1,549 in annual sales per square foot.
Located just south of Exit 1 of the F.E. Everett Turnpike/U.S. Route 3 in Nashua and directly at northbound exit-only Exit 36 of US 3 in Tyngsborough, Massachusetts, the property straddles the state line, although the entire mall is in New Hampshire.
Proximity to the border has long drawn shoppers from Massachusetts seeking to take advantage of New Hampshire's lack of a sales tax.
Approximately 1/3 of the parking lot and water runoff area is located in Tyngsborough. Shoppers who park in front of the Sears entrance closer to Buffalo Wild Wings walk across the state line in front of the building on the sidewalk to get to and from their cars. Some people who park in the southwestern portion of the JCPenney parking lot park their cars in both New Hampshire and Massachusetts at once. The JCPenney store has an unusual pentagonal shape at the state line to keep it entirely within New Hampshire by a few inches. If the store still had a square corner at its south end, the entire mall would be subject to Massachusetts sales taxes, even with only a few inches of the structure in Massachusetts.