CARR 831 LOTE 1 C Bayamón PR 00956

Pharma Property Group has been exclusively retained by ownership to present for sale the opportunity to acquire the Walgreens property in located in Bayamon, Puerto Rico. This property is available for purchase and operates on an absolute net lease basis with no landlord responsibilities whatsoever. The property has 21 years of lease term remaining, with fifty (50) years in options to follow. This location is reported strong sales well above the average store nationwide.

The subject property is surrounded residential areas in the in-fill District of Pájaros in Bayamon. Adjacent to the property is the Aventura, a newly constructed community of 200 single-family residences with clubhouse, tennis court, basketball court and pool. Also across the street from the Aventura community and one-block from the subject property is the Pájaros Shopping Center with national retail tenants such as Subway, Burger King, and Church's Chicken.

The subject property is located at the intersection of two major highways on the island. PR-862 has an approximate traffic count of 20,497 vehicles per day and PR-861 has an approximate traffic count of 16,111 vehicles per day for a combined traffic count of approximately 36,608 vehicles per day. PR-167 is less located 1.8 miles east with a traffic count of 49,621 vehicles per day. There are four major hospitals within a four-mile radius of the subject property.

Bayamón is the second largest suburb of San Juan in size (±44 square miles) and population (±400,000 residents) and is located in the northwest area of the Island of Puerto Rico. San Juan is the capital city of Puerto Rico, a Commonwealth of the United States located in the Caribbean Sea. Major industries in Puerto Rico include pharmaceuticals, electronics, apparel, food and tabacco products and tourism. Some of the larger employers on the island include the University of Puerto Rico, Hospital HIMA San Pablo, Evertec, Inc., Alco High Tech Plastic, and the San Juan Marriott Resort.