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Plaza Jacarandas, located at Av. Las Arboledas #1200 in the San Miguel neighborhood of Irapuato, Guanajuato, is an open-air shopping center built in 2005 with a gross leasable area of 20,195 square meters across two levels and 108 stores. It serves as a neighborhood retail hub targeting middle-income families in a city of 380,000 residents, with 800,000 people within a 10 km radius. The tenant mix emphasizes everyday essentials and family-oriented offerings, anchored by Soriana supermarket, Coppel department store, Cinemex cinema, and Holiday Inn hotel.

Other categories include apparel (e.g., Nau Jeans, Men's Factory), electronics (Elektra, Radio Shack), dining (Little Caesars, El Cairo), and services (banks, auto parts). Amenities feature 1,500 parking spaces, free Wi-Fi, air conditioning, and accessibility for disabled persons.

Market position reflects Irapuatos 4.5% GDP growth driven by manufacturing and agriculture, with a purchasing power index of 55 and household incomes of 12,000-15,000 MXN monthly. Occupancy stands at 90%, supported by 50,000 monthly visitors (2 million annually) and average sales of 5,000 USD per square meter yearly.

Leasing advantages include flexible terms starting at 600 square meters for SMEs, rents of 25-35 USD per square meter monthly plus 20% CAM, and events that boost traffic by 25%. However, challenges include 20-year-old infrastructure, saturation in grocery and apparel sectors, and rising e-commerce penetration at 72%, which pressures physical retail. Competition from upscale Plaza Cibeles and value-oriented Walmart underscores the need for strong local draw.

Overall, it offers stable neighborhood traffic but requires adaptation to digital shifts and economic volatility in agribusiness.

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Hours of Operation

Hours

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Monday10:00 AM — 09:00 PM
Tuesday10:00 AM — 09:00 PM
Wednesday10:00 AM — 09:00 PM
Thursday10:00 AM — 09:00 PM
Friday10:00 AM — 09:00 PM
Saturday10:00 AM — 09:00 PM
Sunday10:00 AM — 09:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

Av. Las Arboledas #1200, Irapuato, Mexico

Insights

Demographics and Footfall

Plaza Jacarandas draws middle-income families with average household size of 3.5 members and incomes of 12,000-15,000 MXN monthly; primary shoppers aged 25-55 with mean age 32. Irapuato's population of 380,000 grows at 1.1% annually, with 35% under 30 in manufacturing/agriculture sectors. Within 10 km, 800,000 residents support 50,000 monthly visitors, peaking seasonally for groceries (60% of traffic). Dwell time averages 1.5 hours, conversion rate 20%, but e-commerce adoption (72%) and agribusiness volatility pose spending risks, limiting broader appeal beyond locals.

Competition and Market Factors

In Irapuatos retail landscape, Plaza Jacarandas competes with upscale Plaza Cibeles (Liverpool anchor) for premium shoppers and Zyriane City Center, plus hypermarkets like Walmart for value deals; 2 competitors per square km indicate moderate saturation, especially in grocery/apparel where recent Famsa closure signals retailer risks. City-wide occupancy averages 88%, with 4.5% GDP growth and purchasing power index 55 fostering expansion, yet high e-commerce (72% adoption) erodes footfall. Neighborhood positioning aids local capture but limits premium traffic; industrial growth boosts potential, though access issues and category overlap challenge differentiation.

Lease Terms and Operational Quality

Leasing at Plaza Jacarandas features flexible options from 600 square meters for SMEs, with rents of 25-35 USD per square meter monthly plus 20% CAM; minimum lease suits mid-sized retailers. Occupancy at 90% reflects demand, but 3% vacancy and 5,000 USD/square meter annual sales (10-15% below premium peers) indicate value-oriented positioning. Operational strengths include 1,500 parking spaces and highway access, with events enhancing traffic 25%; however, aging 2005 infrastructure, poor public transit (infrequent buses), and average safety (CCTV/guards) raise maintenance risks. 5% yearly growth potential exists, tempered by omnichannel shifts.

Building Details

Property Type
Shopping Centre
Gross Leasable Area
20,000
Year Built
2005
Parking Spaces
1000
Average Monthly Footfall
416,667
Owner
Grupo Sendero
Anchor Tenants
Soriana, Coppel, Holiday Inn, Cinemex

Detailed Market Analytics

Primary Catchment Area
5 km Radius
Secondary Catchment Area
20 km Radius
Catchment area population
1,500,000 People
Population growth rate
1.5 %
Median age
29 Years
Household size
3.2 Persons
Education level (tertiary)
25.0 %

Median household income
188,220 MXN
Unemployment rate
3.2 %
Cost of living index
95 Index

Retail spending per capita
1,200 USD
Spending on apparel
147 USD
Spending on groceries
500 USD
Spending on electronics
200 USD

Annual foot traffic
5,000,000 Visitors
Dwell time
120 Minutes
Conversion rate
20.0 %
Sales per square meter
5,000 USD

Number of retail stores
100 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
Medium Density
Tenant diversity
High Diversity
Unique Concepts
Yes Presence

Gross Leasable Area
20,000 sqm
Number of Levels
2 Levels
Average rent per square meter
620 MXN/month
Vacancy rate
5.0 %
Lease term flexibility
Standard 5 years Terms
Available retail space
2,000 sqm

Proximity to main roads
High Proximity
Public transport access
Good Access
Parking spaces
1,000 Spaces
Pedestrian traffic
High Traffic

E-commerce competition
High Competition
Click-and-collect adoption
30.0 %
Internet penetration
70.0 %

Retail crime rate
Low Rate
Security measures
CCTV and guards Measures

Promotional events
Yes Events
Loyalty program penetration
40.0 %
Digital signage presence
Yes Presence

Projected foot traffic growth
3.0 %
New tenant pipeline
Ongoing Pipeline
Mall expansion plans
nan Plans
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Irapuato, GUA

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Irapuato, GUA

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