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Fiesta Mercado Shopping Center

6 Properties in Multiple Locations

Investment Highlights

  • Grocery-anchored multi-tenant regional shopping center, largest in 3 mile radius
  • Signalized, hard corner location with multiple ingress and egress points
  • Complementary mix of tenants, with approximately 50% of the GLA leased to national tenants
  • Priced below replacement cost, in rapidly expanding east I-10 Corridor with limited retail options
  • ±1.9 AC undeveloped parcel included with Center for future sale or development
  • Weighted Average Lease Term (WALT) of 2.8 years

Executive Summary

Sonny Brown Associates is pleased to present the opportunity to acquire Fiesta Mercado, a 195,712 SF grocery-anchored regional shopping center located in the Socorro, Texas, a suburb of El Paso, Texas.
Located in the heart of Socorro (the fastest growing city in El Paso County, growing by over 5% in the last four years), this expansive shopping center stands as a cornerstone of the community, offering a diverse array of retail, dining, and service options. Its strategic location ensures easy access for residents and visitors alike, situated near major highways and within close proximity to residential areas. Furthermore, the property is in close proximity to significant new industrial, commercial, and residential development, exceeding 5,000,000 SF of inventory coming online within a 3 mile radius in last 4 years.
Anchored by grocer Food King, this center features a mix of national retailers and is complemented by a mix of local businesses. Fiesta Mercado provides a comprehensive shopping experience for its customers that caters to a wide range of consumer needs. With its centralized location and diverse mix of services, this shopping center not only meets the shopping needs of Socorro residents but also enriches the overall quality of life in the region.
This is a great opportunity to acquire a revenue generating asset that features NNN leases, land to develop, and is in a rapidly developing suburb of the expanding El Paso metro area.

Property Facts

Sale Conditions 1031 Exchange
Sale Type Investment
Status Active
Number of Properties 6
Individually For Sale 1
Total Building Size 195,712 SF
Total Land Area 21.23 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Fiesta Mercado
10600-10750 N Loop Dr, El Paso, TX 79927
Retail 142,111 SF 2000 -
10610 North Loop Rd, El Paso, TX 79927 Retail 27,419 SF 2001 -
10760 North Loop Rd, El Paso, TX 79927 Retail 8,997 SF 2003 -
10680 North Loop Rd, El Paso, TX 79927 Retail 2,400 SF 2000 -
10640 North Loop Dr, El Paso, TX 79927 Office 14,785 SF 2001 -
Fiesta Mercado Shopping Center Pad Site
10620 N Loop Rd, Socorro, TX 79927
Land 1.90 AC - $1,396,791 CAD
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  • Listing ID: 33857111

  • Date on Market: 2024-11-13

  • Last Updated:

  • Address: Fiesta Mercado Shopping Center, El Paso, TX

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