Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Valero Ave.
Retail
ID 721328
New
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