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Fiesta Mercado - Availability Details

10600-10750 North Loop Drive, Socorro ( El Paso), TX 79927

  • For Sale $19,500,000
  • Property Type Retail
  • Property Size 180,779 Sqft
  • Lot Size 22.06 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2000
  • Date Updated May 14, 2021
The subject property is located on at the signalized hard corner of two major thoroughfares, North Loop Drive and Horizon Boulevard, with multiple ingress and egress points. Traffic counts on North Loop Drive are approximately 14,800 vehicles per day and 19,200 vehicles per day on Horizon. A road expansion project turning Horizon Boulevard into a four-lane road with a median and sidewalks was recently completed this summer, greatly improving the traffic flow. Fiesta Mercado is the largest shopping center within a three-mile radius. Neighboring national and regional retailers include Burger King, Valero Corner Store, Walgreens, Peter Piper Pizza, 7-Eleven, O’Reilly Auto Parts, MetroPCS, Dollar General, Ace Cash Express, DaVita Dialysis, Wholesale Lumber Company, and Domino’s Pizza. The city of Socorro is located 10 miles southeast of downtown El Paso in the Lower Valley, and on the border of Mexico. Socorro serves a wide customer base including the surrounding areas of Clint, San Elizario, Sparks, Horizon City and parts of El Paso.
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Location

  • City Socorro ( El Paso), TX
  • Zip Code 79927
  • Market El Paso

Contacts

broker

Philip Levy

The Levy Retail Group

(972) 755-5225

Highlights

  • 180,779-Square Foot Grocery-Anchored Multi-Tenant Regional Shopping Center
  • Currently 77% Occupied | Tremendous Upside Potential | Pro Forma Cap Rate is 9.44%
  • Complementary Mix of Tenants | 50% of the Gross Leasable Area is Leased to Credit Tenants
  • Major Tenants Include Food King, Melrose, Family Dollar, and Ace Hardware
  • All Leases are Triple-Net Except for a Freestanding Building Leased to the Texas Department of Human Resources | Government Credit
  • Large 22-Acre Lot with Ample Parking | Includes Two Pad Sites for Potential Development
  • Recent Building Updates Include a New Roof, HVAC Units, Paint, Replacing Parking Lights with LED Lights, and New Signage
  • Largest Shopping Center within a Three-Mile Radius
  • Signalized, Hard Corner Location with Multiple Ingress and Egress Points | Traffic Counts on North Loop Drive are 14,800 Vehicles per Day | Traffic Counts on Horizon Boulevard are 19,200 Vehicles per Day
  • New Four-Lane Road Connecting Horizon Boulevard with Loop 375 and Americas Avenue Completed Summer 2018
  • Located in El Paso's Lower Valley | Severs a Wide Customer Base in Socorro and the Surrounding Areas of Clint, San Elizario, Sparks, Horizon City and the City of El Paso

Frequently Asked Questions

What year was Fiesta Mercado built and finished?

Fiesta Mercado was completed in 2000.

Contact Listing Broker

broker

Philip Levy

The Levy Retail Group

(972) 755-5225

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