Centro Comercial Los Filtros Photo Gallery

Bayamón boasts a population of approximately 180,000 within a 5-mile trade area encompassing middle-class, family-oriented Hispanic households with median incomes around $28,000 and 42% having children under 18, per recent commercial reports. Footfall benefits from the center"s location on high-traffic PR-177, which sees over 50,000 vehicles daily, supplemented by adjacency to Costco drawing regional shoppers. Accessibility is strong with ample free parking and proximity to bus routes on Avenida Lomas Verdes, though the Tren Urbano is about 2 miles away in Torrimar, requiring transfers. Drawbacks include potential traffic bottlenecks on PR-177 during rush hours, impacting drive-time access, and limited pedestrian infrastructure in the industrial-adjacent zone, making it less ideal for walk-in traffic.

The tenant mix emphasizes convenience with a 40% allocation to groceries via Supermax anchor, 25% to food and beverage including Chick-fil-A and McDonald"s, 20% to health and beauty like Planet Fitness and pharmacies, and 15% to services and specialty retail. Occupancy appears high at an estimated 90-95%, inferred from active listings and no major vacancies reported in 2025 directories, aligning with Puerto Rico"s low 6.5% market vacancy. Strengths include anchor-driven stability and diverse everyday needs coverage, fostering cross-shopping. Risks involve over-reliance on essentials, vulnerable to e-commerce shifts in groceries, and moderate operational quality with a modern build but no upscale anchors to elevate prestige.

Bayamón"s retail market features intense competition from 15+ centers, including nearby Costco (0.5 miles) siphoning big-box traffic, Plaza Río Hondo (2 miles) with big-box retailers, and larger malls like Bayamón Central Park (4 miles) offering broader entertainment. This saturation in grocery and QSR categories poses risks of footfall cannibalization, especially as neighborhood retail dominates while traditional malls lag per 2025 JLL reports. Lease terms typically involve 5-10 year commitments at $18-25 per square foot base rent plus 6-8% overage on sales, with common area maintenance fees around $4-6 per square foot. Advantages for lessees include flexible spaces from 1,000-10,000 square feet and expansion potential in Phase 2, but challenges like aging infrastructure in surrounding areas and economic pressures from Puerto Rico"s median retail sales of $400 per square foot annually could pressure margins for non-essential tenants.