Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Retail
ID 721328
Sale

Eastern Plaza

Valero Ave.

Fajardo, 00738

$10,000,000

  • Space Available73,817 ft² 

Andrew Carlson

Agent details

Dylan Harrison

Dylan Harrison

Capital Markets Broker

Agent details

  • Description
  • Location and Transportation
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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.

Location and Transportation

Brochure

Brokers

Andrew Carlson

Agent details

Dylan Harrison

Dylan Harrison

Capital Markets Broker

Agent details