For Sale
$2,750,000

10651 Loop DrSocorro, TX 79927

High-Yield Retail Center in Texas

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 16,487 square foot shopping center in Socorro, Texas, presents a compelling investment opportunity. Located at 10651 N Loop Dr, 79927, this multi-tenant property boasts 100% occupancy across its five units, generating a strong 6.00% cap rate at the current rent. The property sits on a sizable 1.68-acre lot and is offered at an asking price of $2,750,000. The sale is structured as a 1031 exchange, providing significant tax advantages for qualified buyers. Long-term, stable tenants contribute to the consistent cash flow, making this a low-risk, high-reward investment. The property is exceptionally well-maintained and benefits from a very high traffic count, ensuring continued strong performance. Detailed financial information, including a rent roll, is available upon request. This is a rare opportunity to acquire a fully occupied, high-performing retail center in a desirable Texas location. Don't miss out on this exceptional investment prospect.

Highlights

  • 16,487 SF shopping center in Socorro, TX, offering a 6.00% cap rate.
  • Located at 10651 N Loop Dr, 79927, on a 1.68-acre lot.
  • Fully occupied five-unit property, asking $2,750,000.
  • 1031 exchange eligible.
  • Strong, stable cash flow from long-term tenants.

Property Details for 10651 Loop Dr

Property type
Lifestyle centers, Power centers
Square Feet
16,487 SF
Lot Size (sq. ft)
73,181 SF
Units
5

Location Insight

City
Socorro
County
El Paso
State
Texas
Latitude
31.655685022159
Longitude
-106.27000895522
10651 Loop Dr, Socorro, Texas

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10651 Loop Dr
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