Walmart Puerto Rico Portfolio
Plaza Cayey & Plaza Walmart | Two High Performing Walmart Anchored Centers
Marketing description
JLL Puerto Rico Realty and Co., S. En C., (Puerto Rico Real Estate Company License E-297), in cooperation with JLL Americas is pleased to offer the opportunity to acquire Plaza Cayey and Plaza Walmart, collectively know as the Walmart Puerto Rico Portfolio (the “Portfolio”). The Portfolio features two market-dominant retail centers, currently 97.4% leased, offering investors immediate, durable cash flow with significant growth potential.
The Walmart Puerto Rico Portfolio offers the opportunity to acquire Plaza Cayey and Plaza Walmart individually or on a portfolio basis.
Deal Room: https://invest.jll.com/us/en/listings/retail/walmart-puerto-rico-portfolio
Investment highlights
Plaza Cayey
HIGH QUALITY ANCHOR TENANCY - Anchored by a ground leased Walmart Supercenter, 60% of leased GLA, with 25-yeaers of tenure and 60-years of fixed rate options offering long term income security
LIMITED FIXED RATE OPTIONS - 65% of inline GLA to roll to market over a 7-year hold
BELOW MARKET RENTS - 65% of leased inline GLA is currently leased at below market rents
SIGNIFICANT VALUE CREATION - 5.0% year-5 and 3.9% year-10 CAGR
RECENT REPOSITIONING - Brand new Planet Fitness and ground leased Chick-fil-A outparcel
HIGH PROFILE OUTPARCELS - Outstanding sales performance offer compelling spin off opportunities
Plaza Walmart
DOMINANT ANCHOR TENANCY - Anchored by a Walmart Supercenter with 32-years of tenure accounting for 77% of the GLA and 62% of revenue
- Outstanding performance contributing $319,000 of percentage rent in 2025
- 2024 renovations added grocery and refrigerated sections
IMMEDIATE LEASE-UP OPPORTUNITY - Near term upside via the lease=up of 5,500 square feet
STRONG VALUE CREATION - 3.5% year-5 and 2.4% year-10 CAGR
HIGH PROFILE OUTPARCEL ADDITION - Highly visibly outparcel addition of Chick-fil-A will drive future footfall and future tenant demand for inline spaces
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