Marcus & Millichap is pleased to offer the unique opportunity to acquire a diversified, multi-tenant, regional retail center in El Paso, Texas. Originally constructed in 1962, the buildings are situated on approximately 18.7 acres. The property totals 180,027 square feet of leasable area and consists of Fox Plaza Shopping Center, Mercado Mall, Fox Shops, Plaza Shops, and Mercado – Fox Plaza (weekly Flea Market).
The subject property is located at the signalized hard corner of Alameda Avenue and El Paisano Drive (U.S. Highway 62) with multiple ingress and egress points. Cumulative traffic counts are over 35,000 vehicles per day. Interstate 10 is approximately two miles north of the property and is heavily trafficked with 211,000 vehicles per day. Pad sites include Burger King, Jack in the box, and Starbucks (not a part of the offering). Additional national and regional tenants in the surrounding area include Food City Supermarkets, Food King, Dollar Tree, 7-Eleven, Metro PCS, McDonald’s, O’Reilly Auto Parts, Family Dollar, and Subway. Texas Tech Health Science Center, University Medical Center of El Paso, and El Paso Children’s Hospital are also in the vicinity. The densely populated region has 192,400 residents within five miles of the property.
The city of El Paso is the county seat of El Paso County, situated in the far western corner of the state of Texas. El Paso stands on the Rio Grande river across the border from Ciudad Juárez, Chihuahua, Mexico. The two cities, along with Las Cruces (in the neighboring state of New Mexico), form a combined international metropolitan area. The region of over 2.7 million people constitutes the largest bilingual, binational work force in the western hemisphere. El Paso has a strong federal and military presence. William Beaumont Army Medical Center, Biggs Army Airfield, and Fort Bliss call the city home. Fort Bliss is one of the largest military complexes of the United States Army and the largest training area in the United States. Also headquartered in El Paso are the DEA domestic field division 7, El Paso Intelligence Center, Joint Task Force North, U.S. Border Patrol El Paso Sector, and U.S. Border Patrol Special Operations Group (SOG).