10600 Loop Dr Socorro, TX 79927-4626

Fiesta Mercado is a thriving 195,712-square-foot shopping center in Socorro, Texas, a rapidly growing El Paso suburb. Boasting 97% occupancy, this multi-tenant property features 37 units across five one-story buildings constructed between 1993 and 2003, with renovations completed in 2017/2018. The center is anchored by Food King and includes a diverse mix of national tenants such as Dollar Tree, Family Dollar, Pizza Hut, NAPA Auto Parts, and several others, totaling 35 tenants. Situated on 21.23 acres of land zoned C-2, Fiesta Mercado offers significant upside potential. Its prime location near major highways and residential areas ensures high visibility and accessibility. The property benefits from its proximity to substantial recent and planned commercial, residential, and industrial development within a three-mile radius, exceeding 5,000,000 square feet of new inventory in the last four years. The existing center provides a strong foundation for future growth, with approximately 182,764 square feet of developable land offering opportunities for expansion or pad site development. Current below-market rents present a significant opportunity for increased revenue through rent escalation. This grocery-anchored regional center serves a large customer base in Socorro and the greater El Paso area, making it an attractive investment opportunity in a dynamic and expanding market.