Plaza Los Prados
100% OCCUPIED GROCERY-ANCHORED CENTER
Marketing 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 Los Prados, a 164,474 SF grocery-anchored neighborhood center strategically located in Caguas, Puerto Rico. The property is 100% occupied and anchored by a complementary line up of national and regional tenants, including Walgreens, Selectos, and Capri, along with numerous national in-line/outparcel tenants including Pandora, Starbucks, Wendy's, Little Caesars, & Firehouse Subs.
Plaza Los Prados’ prime positioning at the only entrance to the exclusive El Valle Los Prados neighborhood provides a built-in consumer base, ensuring consistent traffic and robust tenant performance.
Deal Room: https://invest.jll.com/us/en/listings/retail/plaza-los-prados
Investment highlights
PROVEN, HIGH VOLUME TENANCY highlighted by exceptional tenant sales including Selectos
(grocer) 2025 occupancy cost of 2.2% and Capri’s 2025 occupancy cost of 7.4%
80% OF GLA ARE NATIONAL TENANTS including Selectos, Capri, Walgreens, Wendy’s,
Starbucks, Pandora, and Wingstop
FULLY OCCUPIED CENTER WITH STRONG TENANT TENURE 100% leased to a complementary
mix of retailers, including grocery, food and beverage, merchandise, and medical/professional
services, with 16 years of average tenure
VALUE CREATION OPPORTUNITY via mark-to-market of expiring tenants with in-place rents
±18% below market
MULTIPLE OUTPARCELS INCLUDED create spin-off opportunities including Walgreens,
Wendy’s, Banco Popular, Starbucks, Taco Maker, Subway, and Wingstop
PRIME POSITIONING at a highly central and infill location at the intersection of PR-156 and
Grand Boulevard Los Prados, the only entrance to the exclusive El Valle Los Prados community
SURROUNDING TOPOGRAPHY & LAND CONSTRAINTS make development challenging,
positioning Plaza Los Prados to be the preeminent center in the submarket
LIMITED CAPITAL REQUIREMENT with recent capital investments into parking lot, painting,
and roofs
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