Why Mercedes?

• The McAllen-Edinburg-Mission MSA is the fastest growing MSA in Texas and one of the fastest growing MSAs in the U.S., with a current population of over 774,000 making it the fifth most populated MSA in Texas. To date, the MSA has grown by more than 391,224 people since 1990, a 102% growth rate, or 5.1% annually. Mercedes, also known as “The Queen City of the Valley”, has grown by 15.6% since 2000, adding more than 2,100 people for a total population of over 15,000.
• Mercedes is the premier retail hub of South Texas, as it is located at the center of international trade and commerce. Catering to a consumer base of 10 million within a 200-mile radius, Mercedes receives over 7 million visitors annually. Serviced by 9 international bridges and 3 airports, Mercedes welcomes tourists from Northern Mexico and Midwestern States year-round. Mercedes is an ideal location for business which provides the benefit of a well-trained population of over 153,000 within a 15-mile radius and over 500,000 residents within a 30 miles radius. Employment in the MSA is forecasted to grow at an annual rare of approximately 3% over the next two years, a higher rate than the state average. year
• Mercedes sits within 90 minutes of six wildlife refuges, including the noteworthy Santa Ana National Wildlife Refuge, and close to destinations suitable for both sport fishing and game hunting. Its location also offers a convenient link to the popular Mexican port of call city of Progreso, which is lined with shops, an authentic local market, restaurants, and world-class beaches.
• Rents have increased by an impressive 5.1% over the past year
• The market price, which is an estimated price of all properties in the submarket, has risen dramatically over that time period and now stands at about $76,000/unit