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Plaza Moctezuma is a community-oriented shopping center situated in the Moctezuma neighborhood of Pachuca de Soto, Hidalgo, Mexico. Developed in the mid-2000s, it covers about 8,000 square meters of gross leasable area with around 20 tenant units, targeting local residents for everyday shopping needs. Anchor tenants include a mid-sized supermarket and a pharmacy chain, complemented by a mix of local and national retailers in categories like apparel, electronics, food services, and personal care.
The centers market position is as a convenience hub serving the surrounding residential areas, rather than competing with regional malls like Galerias Pachuca located 4-5 km away. Leasing opportunities offer competitive advantages such as affordable entry rents, short-term flexibility for pop-ups, and proximity to high-density housing which supports stable footfall. However, challenges include moderate occupancy at 82% as of recent reports, influenced by economic pressures in the Hidalgo region and competition from e-commerce.
Accessibility is provided via major local avenues like Rio Moctezuma, with on-site parking for 150 vehicles, though public transport links are limited.
Demographic profile features middle-income households (average $600-900 monthly), young families (ages 25-45), and a 3km radius population of 40,000. Operational aspects show average maintenance, with some aging infrastructure from 2005 construction.
Rent levels average $14-18 per square meter monthly, below the city average of $20-25 for larger centers. Potential risks involve market saturation in convenience retail and access issues during peak hours.
Overall, it suits budget-conscious retailers focusing on essentials over luxury or experiential offerings.
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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 catchment area within 5 km includes approximately 45,000 residents, primarily middle-class families with average household incomes of $550-950 USD equivalent. Age demographics skew towards 30-50 year olds, with growing millennial and Gen Z presence due to nearby universities. Daily footfall estimates at 1,500-2,500 visitors, higher on weekends at 4,000, driven by routine shopping rather than destination traffic. This supports consistent but not explosive sales volumes, with strengths in grocery categories and drawbacks from limited tourist draw in Pachuca's industrial-urban setting.
Tenant Mix and Occupancy
Tenant composition allocates 45% to essentials (grocery, pharmacy), 25% to dining and quick service, 20% to services (banking, telecom), and 10% to soft goods like clothing. Occupancy hovers at 82%, with anchors fully leased but 15-20% vacancy in smaller kiosks, reflecting challenges in attracting fashion brands amid regional economic slowdown. Strengths include diverse local operators enhancing community ties; weaknesses involve category weaknesses in electronics due to online competition and nearby big-box stores like those in Gran Patio Pachuca.
Rent Levels and Market Factors
Average asking rents range from $13 to $19 per square meter per month, with triple net structures including CAM fees of $2-4/sqm. Lease terms typically span 3-5 years with 2.5-3.5% annual increases tied to inflation. Advantages for lessees include lower barriers compared to premium malls and shared marketing initiatives. Risks encompass rising operational costs from Hidalgo's 4-5% annual inflation and competition from saturated convenience segments, potentially pressuring margins for non-essential retailers.
Building Details
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City Snapshot
Pachuca De Soto, HID
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City Snapshot
Pachuca De Soto, HID
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