Santa Lucia Plaza is a fully stabilized 15,152-square-foot, multi-tenant retail property located in Pharr, Texas. Built in 2019, the property is 100 percent leased with all tenants on triple-net terms. Tenants are a complementary mix of service-based retailers, including Paris Bakery, Taqueria Tepeque, Smoke King, Tortillas Aries, Pilates Club House, New Horizons Clinic, Just-A-Cut, Hello Nail Spa, and El Torito Carniceria. The modern construction and prime visibility along East Nolana Loop, a major retail corridor, provide significant market appeal.
Santa Lucia Plaza is positioned at the signalized intersection of East Nolana Loop (Earling Road) and Raider Drive with additional access from Ebony Street. The subject property is one-half mile east of Interstate Highway 69C, with extremely high traffic counts of 119,918 vehicles per day. PSJA North Early College High School sits directly across East Nolana Loop, with a student enrollment of approximately 2,200 students, driving additional traffic to the area.
- Fully Stabilized Asset with Service-Based Tenant Mix
- This property is 100 percent leased with all tenants on triple-net leases, ensuring passive ownership and insulation from rising expenses. With stable cash flow from a diversified tenant base, this investment offers reduced risk and long-term income reliability.
- Recent Construction (2019)
- The asset is a newer 2019 construction, minimizing immediate capital expenditure needs and offering modern amenities that appeal to high-quality tenants.
- Average Rents are Well Below Market
- Current average rents are below market rates, providing future upside potential as leases expire.
- Prime High-Traffic Location with Signalized Entrance
- Situated in a high-traffic corridor one-half mile east of Interstate 69C, the property benefits from strong visibility and excellent access to major roadways, which drives foot traffic and ensures consistent demand from retail tenants.
- Positioned in a Fast-Growing Retail Hub in the Rio Grande Valley
- Strategically positioned in the McAllen–Edinburg–Mission MSA, the property benefits from one of South Texas’s fastest-growing population bases and a trade-driven economy anchored by cross-border commerce, healthcare, logistics, and education.
