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Plaza San Benito is a neighborhood-oriented shopping center in Colonia Azcapotzalco, Durango, Mexico, situated at Calle Teotihuacan No. 1118. This development serves the local community in a residential area with middle-income households. The property spans approximately 5,000 square meters of gross leasable area, featuring ground-level retail units ideal for convenience stores, pharmacies, small restaurants, and service providers.
Its market position as a community hub emphasizes everyday shopping needs rather than regional draw.
Tenant mix currently includes essential retailers like a local supermarket and basic services, with room for complementary food and beverage options to enhance dwell time.
Leasing advantages encompass competitive rent structures suited for small-format retailers, proximity to residential zones for steady local traffic, and straightforward access via major avenues like Avenida Teotihuacan. However, challenges include moderate footfall estimated at 600-900 daily visitors, influenced by the areas population density of around 20,000 within a 2 km radius. Occupancy stands at about 75-85%, reflecting steady demand but potential vacancies in non-essential categories.
Rent levels average 12-16 MXN per square meter monthly, lower than city-center malls.
Accessibility benefits from nearby public transport and vehicle entry, though parking is limited to 100 spaces.
Demographic profile features families aged 25-50 with average household incomes of 15,000-25,000 MXN monthly.
Operational quality is functional with recent construction, but lacks advanced amenities like major anchors. Competition from larger venues such as Plaza Sendero Durango, 10 km away, may cap growth in fashion or entertainment, while market saturation in groceries poses risks.
Overall, it suits budget-conscious lessees targeting local loyalty over high-volume sales.
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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 encompasses a residential neighborhood with approximately 18,000 residents within 1.5 km, predominantly middle-class families and young professionals aged 25-55. Household incomes range from 12,000 to 28,000 MXN monthly, supporting demand for affordable daily goods. Footfall averages 700-1,000 visitors per day on weekdays, peaking to 1,500 on weekends, driven by convenience rather than events. This translates to moderate sales potential for essential retail, with lower conversion for discretionary spending compared to regional malls.
Tenant Mix and Occupancy
Tenant composition prioritizes necessity-based businesses, including a 1,000 sqm supermarket anchor, pharmacy, bakery, and two quick-service eateries, occupying 80% of space. Remaining units suit apparel or personal care tenants. Occupancy rate hovers at 82%, with recent leases indicating stable interest from local operators. Strengths include low turnover due to community ties, but weaknesses arise from absence of national chains, limiting prestige and cross-shopping. Operational aspects feature standard maintenance, though aging signage could impact visibility.
Lease Terms, Competition, and Risks
Base rents range from 10-18 MXN per sqm monthly, with additional 20% for common area maintenance and utilities, offering cost advantages over premium centers like Gran Plaza (rents 25+ MXN/sqm). Triple-net structures common. Accessibility via local roads is adequate, with bus stops nearby, but traffic congestion during peak hours poses minor issues. Competition includes nearby strip centers and the dominant Plaza Sendero, 8-10 km distant, which draws 20,000+ daily visitors and features major anchors like Liverpool. Risks involve economic sensitivity in Durangos mining-dependent economy, potential infrastructure wear, and saturation in food categories, advising diversified tenant selection for resilience.
Building Details
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Durango, DUR
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City Snapshot
Durango, DUR
Comprehensive market intelligence for retail expansion in this city