Plaza El Faro, San Jose Corridor, Commercial

Description

Plaza El Faro, offering a strong 8.5% Net ROI, is a 19,914 sqft multi-tenant strip center located in Los Cabos’ prestigious Tourist Corridor. Situated beside the renowned Palmilla Resort, the property benefits from dual-direction visibility along Federal Highway 1, with exposure to over 30,000 daily cars. Surrounded by luxurious resorts and residential developments, Plaza El Faro boasts a robust tenant mix, including Del Mar, a Hatfield company, occupying 30% of the space. All tenants have renewed or signed new leases in the past six years, making this a rare investment opportunity in Mexico’s top resort destination, with booming tourism and excellent airport accessibility. Key Investment Highlights:

Net ROI of 8.5%: Supported by prime location, stable tenant occupancy, and high tourist traffic.
Prime Location: Adjacent to the renowned Palmilla Golf and Resort Community, offering excellent highway visibility and access to affluent neighborhoods.
High Traffic Volume: Federal Highway 1 exposure ensures constant visibility.
Strong Tenant Mix: Del Mar, a Hatfield company, occupies 30% of the center. All tenants have renewed or signed new leases within the last six years.
Tourism Growth: Los Cabos tourism is booming, with a 20% visitor increase in Q3 2021.
Accessibility: Just 4 miles from Cabo San Lucas International Airport and close to Los Cabos International Airport, which sees over 325,000 monthly travelers.