Overview
Rio Norte Shopping Center
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Rio Norte Shopping Center

Laredo, TX

Fund:

Auerbach Opportunity Fund I, L.P.

Type:

Commercial

Size:

260,240 SF

Key Tenants/Features:

Ross Dress For Less, Petco, Cinemark, Michaels, Dollar Tree, Five Below, Cicis Pizza, 2nd and Charles

Address:

5404 San Bernardo Ave., Laredo, TX 78041

Description:

Rio Norte Shopping Center is a 259,862 SF Class “A” Center located in the high-growth border town of Laredo, TX.   The Center includes one of the top Ross Dress for Less stores in the country – boasting sales of over 3x higher than their national average. Rio Norte Shopping Center is directly beside the nation’s top Walmart Supercenter and across I-35 from Mall Del Norte, the largest mall in South Texas reporting average sales volume over $600/SF.  The Laredo MSA is projected to grow faster than any other MSA in Texas with over 75% growth by 2020.  Laredo is the #1 inland port along the US-Mexico border accounting for over $180.1 billion in imports and exports.

Key Tenants:

  • Ross Dress For Less
  • Petco
  • Cinemark
  • Michaels
  • Dollar Tree
  • Five Below
  • Cicis Pizza
  • 2nd and Charles

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