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Plaza Centauro is a neighborhood shopping center located at Francisco de Ibarra 1525, Colonia Nueva Vizcaya, in Durango, Durango, Mexico (C.P. 34080). Opened in the late 20th century, it serves the local community in a mid-sized metropolitan area with approximately 700,000 residents. The property spans about 10,000 square meters of gross leasable area (GLA), featuring a mix of essential retail and services tailored to everyday needs.
Anchor tenant Soriana supermarket drives consistent traffic, complemented by smaller specialty stores such as a Chinese import shop, travel agency Viajes Carric, craft retailer Agujas Magicas, and various local vendors in apparel, pharmacy, and quick-service food. Occupancy stands at around 85%, typical for regional plazas in northern Mexico, with rent levels averaging 25-35 Mexican pesos per square meter per month, influenced by proximity to residential zones.
The tenant mix emphasizes value-oriented retail, with 40% groceries, 30% general merchandise, and 30% services, supporting stable but moderate sales volumes.
Market position is solid in the local Nueva Vizcaya area, benefiting from easy access via major avenues like Aquiles Serdan, though it faces competition from larger regional malls.
Leasing advantages include flexible space options from 50 to 500 square meters, short-term leases available, and lower entry costs compared to premium centers, making it suitable for small-format retailers targeting middle-income families. However, footfall is estimated at 2,000-3,000 daily visitors, lower during off-peak seasons, and infrastructure shows signs of aging with occasional maintenance needs.
Overall, it offers practical opportunities for budget-conscious lessees in a growing but saturated local market.
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Hours of Operation
Hours
| Monday | 10:00 AM — 09:00 PM |
| Tuesday | 10:00 AM — 09:00 PM |
| Wednesday | 10:00 AM — 09:00 PM |
| Thursday | 10:00 AM — 09:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 11:00 AM — 06:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Footfall
The surrounding Nueva Vizcaya neighborhood features a middle-income demographic, with average household incomes of 12,000-15,000 Mexican pesos monthly and a population density supporting family-oriented shopping. Primary visitors are local residents aged 25-55, including working professionals and families, drawn by convenience. Daily footfall averages 2,500 visitors, peaking at weekends with Soriana accounting for 60% of traffic; however, seasonal dips occur during summer vacations, impacting non-essential retail performance. Accessibility via public transport and nearby parking for 200 vehicles enhances draw, but limited marketing efforts constrain broader appeal.
Competition and Market Saturation
Durango's retail landscape includes larger competitors like Paseo Durango mall, which boasts higher occupancy (95%) and diverse anchors, drawing 10,000+ daily visitors and capturing premium spending. Plaza Centauro differentiates through affordability and proximity to residential areas, but faces saturation in grocery and general merchandise categories, with nearby independent markets eroding some share. Regional reports indicate northern Mexico retail growth at 4-5% annually, yet small plazas like this experience pressure from e-commerce and big-box expansions, potentially leading to 10-15% vacancy risks if tenant turnover increases.
Lease Terms and Operational Quality
Leasing terms offer base rents of 25-35 MXN/sqm/month plus 8-10% overage on sales exceeding thresholds, with triple-net structures common, shifting maintenance costs to tenants. Spaces include ground-floor units with good visibility near the anchor. Operational quality is adequate, with standard hours (9 AM-9 PM) and basic security, but aging infrastructure, such as outdated HVAC and lighting, may require tenant investments for upgrades. Advantages include quick approvals for sub-100 sqm spaces and community events boosting visibility; drawbacks involve moderate utility costs and competition for prime locations, advising due diligence on long-term viability in a market with 2-3% annual rent inflation.
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Durango, DUR
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Durango, DUR
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