Plaza Centro I - Sale
Market Price
200 Avenue Rafael Cordero, Caguas, Caguas 00725, Puerto Rico
280,279 sqft
Building Size
25.24 acres
Lot Area
Details:
Description:
Jones Lang LaSalle Americas, Inc. (“JLL”) in partnership with JLL Puerto Rico Realty & Co. S en C, a Puerto Rico licensed real estate brokerage firm, is pleased to offer the opportunity to acquire Plaza Centro I, a 280,279 square foot shopping center situated on 25 acres in Caguas, Puerto Rico. The property is currently 93.6% leased to a strong roster of retailers led by Burlington, Ross Dress for Less, the IRS and Me Salve. The Property also includes five, high-profile single tenant outparcels leased to Burger King, Chili’s, Ponderosa Steakhouse, KFC, and Qdoba. The Property is shadow anchored by Plaza Centro II, a 599,409 square foot retail plaza anchored by Costco, Sam’s Club, JC Penny, PetSmart, and Planet Fitness, which are not included in the Offering.
Investment highlights
MARKET DOMINANT AND HIGH-PERFORMANCE TENANCY
SECURE AND STABLE CASH FLOW
RECENTLY EXECUTED ROSS DRESS FOR LESS LEASE
EXCEPTIONAL LEASING MOMENTUM
OUTPARCEL SPINOFF OPPORTUNITY
$1.7M IN RECENT CAPITAL IMPROVEMENTS
Deal Room: https://invest.jll.com/us/en/listings/retail/plaza-centro
Documents:
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Location
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