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31692527
31692528

Valero Ave. Fajardo, PR 00738, Fajardo, PR

JLL Puerto Rico Realty & Co., S. En C.
Listed by JLL Puerto Rico Realty & Co., S. En C.
$10,000,000
57 days on market
Updated 55 days ago

Eastern Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 73,816
Cap Rate 8.65%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 10
Price per SqFt $135
Buildings 1
Acreage 7.970

100% Occupied | High-Yield | Retail Opportunity in Fajardo, Puerto Rico

Marketing description

JLL Puerto Realty & Co. S en C (“JLL”), a Puerto Rico licensed real estate brokerage firm, has been retained as the exclusive sales representative for the sale of Eastern Plaza (“Property”), a retail center located in Fajardo, Puerto Rico. The property is a 100% occupied, 73,816 SF neighborhood retail center offering investors durable in-place cash flow with embedded long-term upside in a supply-constrained Puerto Rico retail market. The property features a diversified tenant base with a 3.9-year WALT (10.9-year option adjusted WALT), where the majority of tenants have renewal options - providing high income visibility and minimal near-term rollover risk. This structure positions the asset as a stable, bond-like investment, limiting downtime and re-leasing exposure. The opportunity is further enhanced by an attractive basis relative to replacement cost. Puerto Rico’s favorable tax environment may offer additional benefits to eligible investors, further enhancing after-tax yield.

Listing Contacts

JLL Puerto Rico Realty & Co., S. En C.
Listed by JLL Puerto Rico Realty & Co., S. En C.

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