<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="18.478611" data-lng="-66.756667" data-map-catchment-data-value="{&quot;lat&quot;:&quot;18.478611&quot;,&quot;lng&quot;:&quot;-66.756667&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:179470}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;Arecibo Municipality&quot;,&quot;description&quot;:&quot;Core trading area within 5-10 km radius around the mall in Arecibo, Puerto Rico&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;Arecibo Metro Area&quot;,&quot;description&quot;:&quot;Extended trading area covering the broader Arecibo metropolitan region&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;179,470 People&quot;,&quot;description&quot;:&quot;Estimated population in Arecibo Metro Area based on 2023 Census data, serving as primary customer base&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;-0.5&quot;,&quot;description&quot;:&quot;Annual population decline rate for Puerto Rico in 2025, reflecting migration trends&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;44.2 Years&quot;,&quot;description&quot;:&quot;Median age of population in Puerto Rico, indicative of aging demographic in catchment area&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;2.64 Persons per household&quot;,&quot;description&quot;:&quot;Average household size in Puerto Rico from Census data, affecting family-oriented retail&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;30.8&quot;,&quot;description&quot;:&quot;Percentage of population aged 25+ with bachelor&#39;s degree or higher in Puerto Rico, 2023 data&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;$25,100 USD&quot;,&quot;description&quot;:&quot;Median household income in Puerto Rico for 2023, reflecting local purchasing power&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;5.6&quot;,&quot;description&quot;:&quot;Unemployment rate in Puerto Rico for 2025, impacting consumer confidence&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;58.7 Index&quot;,&quot;description&quot;:&quot;Numbeo Cost of Living Index for Puerto Rico in 2025, relative to New York City (100)&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;$4,500 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per person in Puerto Rico, based on overall consumer spending trends&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;1,200 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual household spending on apparel in Puerto Rico, derived from national averages&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;3,000 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual household spending on groceries in Puerto Rico, key category for mall food court&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;800 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual household spending on electronics in Puerto Rico, supporting anchor tenants like Best Buy historically&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;500,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated annual visitors for a mid-sized mall like Plaza del Atlántico, based on regional retail data&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;90 Minutes&quot;,&quot;description&quot;:&quot;Average time shoppers spend in the mall, typical for enclosed retail centers in Puerto Rico&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Estimated percentage of visitors making a purchase, standard for Puerto Rican malls post-2023 recovery&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;$4,800 USD&quot;,&quot;description&quot;:&quot;Estimated annual sales per square meter, aligned with 5% YOY growth in PR retail sales 2023&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;50 Stores&quot;,&quot;description&quot;:&quot;Approximate number of retail units based on lease plans and mall size&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Anchored by Tiendas Capri, with incoming Marshalls, Ross, and Burlington&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Few direct enclosed mall competitors in Arecibo area, mainly open-air centers&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Mix of apparel, food, and discount stores, with some local and international brands&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;5 Unique stores&quot;,&quot;description&quot;:&quot;Includes fast-food chains like Burger King, Church&#39;s Chicken, and potential experiential retail&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;18,857 sqm&quot;,&quot;description&quot;:&quot;225,000 sq ft converted to sq m, based on historical mall data&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;1 Levels&quot;,&quot;description&quot;:&quot;Single-level enclosed mall design typical for regional centers in Puerto Rico&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;$215 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual rent based on Puerto Rico commercial real estate averages for malls&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;10.0&quot;,&quot;description&quot;:&quot;Estimated current vacancy, improved from 15% in 2018 data due to new tenants&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Standard 5-10 year leases with some flexibility for anchors and small shops&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;929&quot;,&quot;description&quot;:&quot;Sum of available units from recent lease plans, including 2,100 sq ft and others&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct access to PR-2&quot;,&quot;description&quot;:&quot;Located on PR-2 highway, Puerto Rico&#39;s key north coast corridor&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Limited&quot;,&quot;description&quot;:&quot;Bus services available but car-dependent, typical for Puerto Rican malls&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;800 Spaces&quot;,&quot;description&quot;:&quot;Estimated vast parking lot capacity for the mall&#39;s size and regional location&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Primarily drive-to location with minimal walk-up traffic in suburban Arecibo&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Growing e-commerce in Puerto Rico at 10-15% annually, impacting physical retail&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;Medium % of stores&quot;,&quot;description&quot;:&quot;Adopted by major tenants like discount stores, aligning with PR trends&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;85.0&quot;,&quot;description&quot;:&quot;Household internet access rate in Puerto Rico, supporting omnichannel retail&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;4 Incidents per 1,000 visitors&quot;,&quot;description&quot;:&quot;Estimated based on Puerto Rico property crime rates, focused on theft&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;Standard&quot;,&quot;description&quot;:&quot;On-site security personnel, CCTV, and patrols typical for PR malls&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;12 Events per year&quot;,&quot;description&quot;:&quot;Quarterly promotions and seasonal events to boost foot traffic&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Estimated participation in mall or tenant loyalty programs in region&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Digital displays for ads and navigation in common areas&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Aligned with 2023 PR mall sales recovery and new tenant influx&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Incoming anchors like Marshalls, Ross, Burlington, and local concepts planned for 2025&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Redevelopment and tenant mix enhancements under Curzon management, including potential residential integration&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:8877,&quot;slug&quot;:&quot;centro-comercial-plaza-del-norte&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Del Norte&quot;,&quot;lat&quot;:&quot;18.4816&quot;,&quot;lng&quot;:&quot;-66.7699&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza del Norte is a regional shopping center in Hatillo, Puerto Rico, spanning 698,581 square feet and serving as the largest retail destination in the northwest region. Opened in 1999 and owned by Curzon Puerto Rico, it features over 140 stores, including anchors like JCPenney, Burlington, TJ Maxx, Econo Supermarket, Rooms To Go, PetSmart, and Caribbean Cinemas with 10 screens. The tenant mix includes apparel, electronics, home goods, and services, complemented by 16 restaurants in the food court such as KFC, Panda Express, and local eateries. Located on PR-2 highway for easy access from surrounding municipalities like Arecibo and Isabela, it draws from a trade area population exceeding 200,000. Occupancy stands at 82% as of 2023, reflecting stable demand amid Puerto Ricos 6.5% overall retail vacancy rate. Leasing advantages include competitive rents around $16-25 per square foot NNN, flexible spaces from 1,000 to 14,000 square feet, and proximity to a growing coastal community. However, the propertys 25-year age may require updates, and low regional incomes limit high-end retail potential. Market reports indicate 5% year-over-year sales growth in Puerto Rican centers, supporting moderate performance for value-oriented retailers. Operational quality is average, with standard amenities like ample parking for 3,000 vehicles and security, though footfall is seasonal, peaking during holidays and weekends. Accessibility via major roads aids logistics, but traffic congestion on PR-2 can pose challenges during peak hours. The centers position benefits from limited direct competition locally, positioning it well for essential and discount categories amid economic recovery post-hurricanes.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Hatillo&quot;},&quot;anchor_tenants&quot;:&quot;JCPenney, TJ Maxx, Caribbean Cinemas, Burlington, Econo Supermarket, PetSmart, OfficeMax, Rooms To Go&quot;,&quot;distance&quot;:1.43,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;130&quot;,&quot;gla_sqm&quot;:&quot;64900&quot;,&quot;anchor_tenants&quot;:&quot;JCPenney, TJ Maxx, Caribbean Cinemas, Burlington, Econo Supermarket, PetSmart, OfficeMax, Rooms To Go&quot;}},{&quot;id&quot;:8753,&quot;slug&quot;:&quot;plaza-del-norte-4&quot;,&quot;name&quot;:&quot;Plaza Del Norte&quot;,&quot;lat&quot;:&quot;18.48&quot;,&quot;lng&quot;:&quot;-66.7708&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza del Norte is a 698,581 square foot regional shopping center located in Hatillo, Puerto Rico, owned and managed by Curzon Puerto Rico. Opened in 1992, it serves as the dominant retail destination for the north coast trade area, encompassing approximately 159,200 households and 480,800 residents within a 20-mile radius. The property features a diverse tenant mix anchored by major retailers including Econo Supermarket (82,685 SF), JCPenney (87,957 SF), Burlington (40,911 SF), T.J. Maxx (24,835 SF), Rooms To Go (34,658 SF), OfficeMax (20,985 SF), PetSmart (10,855 SF), and Caribbean Cinemas (20,744 SF). Inline spaces include apparel (Aeropostale, Foot Locker, Champs Sports), accessories (Pandora, Sunglass Hut equivalents), services (Claro, T-Mobile, salons), and a food court with options like Chick-fil-A, Chili&#39;s, KFC, Panda Express, and local eateries such as El Meson Sandwiches. As of 2023, occupancy stands at 82%, with several available spaces ranging from 1,000 to 95,177 SF, offering leasing opportunities in high-visibility areas. The mall benefits from strong accessibility via Highway 2, ample parking, and proximity to beaches and residential communities. Market position is bolstered by Puerto Rico&#39;s retail sector seeing a 5% year-over-year sales increase in 2023, driven by tourism recovery and tenant mix enhancements. Leasing advantages include competitive base rents around $22-25 per square foot (based on historical data), percentage rents tied to sales performance averaging $380-400 per square foot in similar properties, and flexible terms for new entrants in categories like health, beauty, and quick-service food. However, challenges include the trade area&#39;s median household income of $28,001 and economic vulnerabilities from Puerto Rico&#39;s broader fiscal issues, potentially impacting discretionary spending. Operational quality is solid with modern updates, though some infrastructure dates to the 1990s, requiring ongoing maintenance. Footfall benefits from regional draw but faces seasonal fluctuations tied to local events and tourism.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Hatillo&quot;},&quot;anchor_tenants&quot;:&quot;JCPenney, TJ Maxx, Caribbean Cinemas, Burlington Coat Factory, Supermercados Econo&quot;,&quot;distance&quot;:1.5,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;64900&quot;,&quot;anchor_tenants&quot;:&quot;JCPenney, TJ Maxx, Caribbean Cinemas, Burlington Coat Factory, Supermercados Econo&quot;}}],&quot;secondary&quot;:[],&quot;outside&quot;:[{&quot;id&quot;:8777,&quot;slug&quot;:&quot;centro-comercial-manati&quot;,&quot;name&quot;:&quot;Centro Comercial Manatí&quot;,&quot;lat&quot;:&quot;18.423&quot;,&quot;lng&quot;:&quot;-66.48&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Manatí Centro Plaza, situated at #2 Bo. Cotto Norte in Manatí, Puerto Rico, offers 117,872 square feet of gross leasable area in a neighborhood shopping format. Anchor tenants Marshalls (29,500 sq ft), Capri (30,000 sq ft), and Grand Way (16,112 sq ft) anchor the center, complemented by a tenant mix focused on value-oriented retail, personal services, and quick-service dining including Liberty, Party Decorations, Rent-A-Center, Sally Beauty Supply, GNC, Cold Stone Creamery, Marco&#39;s Pizza, Money Express, Claro, Subway, Boost Mobile, KFC, Wendy&#39;s, Oriental, Taco Maker, and Famosa China. The property targets the Manatí market, a coastal municipality with 39,200 residents and a median household income of $20,352 in 2023, where the 5-mile trade area encompasses 68,179 people with an average income of $29,654. Puerto Rico&#39;s retail sector shows resilience with island-wide vacancy at 6.5% and 50 million sq ft of space as of mid-2025, fostering consistent demand for essential retail. Leasing advantages include stable anchor presence boosting traffic and flexible spaces for local operators, though the center faces headwinds from Puerto Rico&#39;s economic challenges, including post-hurricane recovery and modest growth projections of 3-5% in holiday sales. Accessibility via PR-2 highway supports drive-in traffic, but limited public transit may constrain pedestrian access. Overall, the center provides practical opportunities for retailers serving budget-conscious consumers in a saturated yet recovering market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Manatí&quot;},&quot;anchor_tenants&quot;:&quot;Marshalls, Capri, Grand Way&quot;,&quot;distance&quot;:29.83,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;65&quot;,&quot;gla_sqm&quot;:&quot;10952&quot;,&quot;anchor_tenants&quot;:&quot;Marshalls, Capri, Grand Way&quot;}},{&quot;id&quot;:3223,&quot;slug&quot;:&quot;plaza-jardines&quot;,&quot;name&quot;:&quot;Plaza Jardines&quot;,&quot;lat&quot;:&quot;18.4461325&quot;,&quot;lng&quot;:&quot;-66.4047568&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Jardines is a neighborhood shopping center situated at Carr. 2 Km. 39.9, Vega Baja, PR 00693, serving the local community in northern Puerto Rico. This compact retail property, estimated at around 50,000-70,000 square feet, is anchored by SuperMax supermarket, which drives consistent traffic for grocery and daily needs. The tenant mix includes essential services such as Ok China (Chinese restaurant), Capelli Cuts (barber shop), and various local eateries and small retailers, catering to convenience-oriented shopping. Located on the busy PR-2 highway, it offers strong accessibility for residents within a 3-mile radius, where the population exceeds 40,000 with a median household income of approximately $23,877, reflecting a value-driven demographic with a median age of 44. The broader Puerto Rico retail market remains robust, with a low overall vacancy rate of 6.5% as of 2025, indicating stable demand and healthy occupancy levels. Leasing opportunities here emphasize affordable spaces suitable for small-format stores, with potential rent levels in the $20-25 per square foot NNN range, lower than urban centers like San Juan. Advantages include proximity to Highway 22 for regional access and a focus on everyday essentials that align with local spending patterns. However, drawbacks encompass limited national tenant presence, which may cap sales potential compared to larger malls, and exposure to economic fluctuations in a lower-income area. Nearby competition from Plaza Las Vegas (at Km 39.1) with anchors like Walgreens and AutoZone could divert discretionary spending. Operational aspects feature surface parking for about 200 vehicles, but infrastructure may show signs of age, requiring due diligence on maintenance. Footfall is primarily local, estimated at moderate levels driven by supermarket traffic rather than high-volume events, with no specific public metrics available. The centers position in a semi-rural to suburban setting supports resilient performance for resilient categories like groceries and quick-service food, though market saturation in supermarkets poses a risk for new entrants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Vega Baja&quot;},&quot;anchor_tenants&quot;:&quot;Comercial Mexicana, Cinemex, Local Retailers&quot;,&quot;distance&quot;:37.29,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;9000&quot;,&quot;anchor_tenants&quot;:&quot;Comercial Mexicana, Cinemex, Local Retailers&quot;}},{&quot;id&quot;:8771,&quot;slug&quot;:&quot;plaza-mercedes-1&quot;,&quot;name&quot;:&quot;Plaza Mercedes&quot;,&quot;lat&quot;:&quot;18.42&quot;,&quot;lng&quot;:&quot;-66.33&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Mercedes is a modest neighborhood retail plaza in Vega Alta, Puerto Rico, integrated into the Estancias de Cerro Gordo community along Calle Plaza Mercedes. Spanning about 15,000 square feet, it serves local residents with essential services in a suburban setting. Positioned near PR-690, it enjoys convenient access to Vega Altas 35,000 residents and nearby municipalities like Dorado. The tenant mix comprises a small grocery store, pharmacy, fast-food outlets, and professional services, with occupancy at roughly 80% based on regional commercial reports. Rent averages $18-25 per square foot triple net, competitive for the area amid Puerto Ricos recovering economy post-2017 hurricanes. Demographics include middle-income families (median $34,000), 90% Hispanic, with strong community ties fostering repeat visits. Advantages encompass low operational costs, dedicated parking for 75 vehicles, and minimal vacancy risks due to residential proximity. Drawbacks feature limited footfall (800-1,200 daily) from non-local sources, competition from larger venues like Plaza del Mar, and exposure to island-wide retail slowdowns from e-commerce growth. Accessibility via major routes is solid, though public transit is sparse. Tenant mix supports convenience retail but struggles with fashion or luxury categories due to market saturation. Operational quality is adequate, with recent maintenance addressing aging facades, per local property assessments. Market position strengthens for lessees targeting everyday needs in a stable, growing suburb.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Vega Alta&quot;},&quot;anchor_tenants&quot;:&quot;Local Grocery, Pharmacy&quot;,&quot;distance&quot;:45.47,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Local Grocery, Pharmacy&quot;}},{&quot;id&quot;:6379,&quot;slug&quot;:&quot;plaza-jardines-1&quot;,&quot;name&quot;:&quot;Plaza Jardines&quot;,&quot;lat&quot;:&quot;18.4469811&quot;,&quot;lng&quot;:&quot;-66.3974525&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Jardines is a neighborhood shopping center situated at Carr. 2 Km. 39.9, Vega Baja, PR 00693, serving the local community in northern Puerto Rico. This compact retail property, estimated at around 50,000-70,000 square feet, is anchored by SuperMax supermarket, which drives consistent traffic for grocery and daily needs. The tenant mix includes essential services such as Ok China (Chinese restaurant), Capelli Cuts (barber shop), and various local eateries and small retailers, catering to convenience-oriented shopping. Located on the busy PR-2 highway, it offers strong accessibility for residents within a 3-mile radius, where the population exceeds 40,000 with a median household income of approximately $23,877, reflecting a value-driven demographic with a median age of 44. The broader Puerto Rico retail market remains robust, with a low overall vacancy rate of 6.5% as of 2025, indicating stable demand and healthy occupancy levels. Leasing opportunities here emphasize affordable spaces suitable for small-format stores, with potential rent levels in the $20-25 per square foot NNN range, lower than urban centers like San Juan. Advantages include proximity to Highway 22 for regional access and a focus on everyday essentials that align with local spending patterns. However, drawbacks encompass limited national tenant presence, which may cap sales potential compared to larger malls, and exposure to economic fluctuations in a lower-income area. Nearby competition from Plaza Las Vegas (at Km 39.1) with anchors like Walgreens and AutoZone could divert discretionary spending. Operational aspects feature surface parking for about 200 vehicles, but infrastructure may show signs of age, requiring due diligence on maintenance. Footfall is primarily local, estimated at moderate levels driven by supermarket traffic rather than high-volume events, with no specific public metrics available. The centers position in a semi-rural to suburban setting supports resilient performance for resilient categories like groceries and quick-service food, though market saturation in supermarkets poses a risk for new entrants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Vega Baja&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Electronics Store, Food Court&quot;,&quot;distance&quot;:38.05,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Electronics Store, Food Court&quot;}},{&quot;id&quot;:8774,&quot;slug&quot;:&quot;plaza-isabela&quot;,&quot;name&quot;:&quot;Plaza Isabela&quot;,&quot;lat&quot;:&quot;18.469&quot;,&quot;lng&quot;:&quot;-67.0234&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Isabela, situated at 3535 Ave Militar in Isabela, Puerto Rico, operates as an open-air shopping center since 1994, catering to the northwest region with 38 tenants. Anchors include Walmart and Isabela Cinemas, complemented by specialty stores like Aeropostale, Journeys, Sally Beauty Supply, and recent addition Chick-fil-A for dining. The center achieves 99% occupancy, signaling strong market position and leasing stability. It serves Isabela Municipios 42,000 residents, characterized by median household income of $18,959 and 44.9% poverty rate, favoring value-driven retail. Accessibility via PR-2 highway enhances draw from surrounding areas, though public transit is limited. Regional retail sales rose 5% in 2023, bolstering performance amid post-pandemic recovery. Leasing advantages encompass diverse tenant mix supporting footfall and low vacancy, with average rents at $24 per square foot. Drawbacks involve economic pressures constraining discretionary spending and competition from nearby centers like Plaza del Mar in Aguadilla. Operational quality remains solid, but hurricane risks and potential infrastructure updates warrant consideration for long-term viability.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Isabela&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Selectos Supermarket, Pep Boys, Caribbean Cinemas&quot;,&quot;distance&quot;:28.15,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;24070&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Selectos Supermarket, Pep Boys, Caribbean Cinemas&quot;}},{&quot;id&quot;:8776,&quot;slug&quot;:&quot;plaza-vega-alta&quot;,&quot;name&quot;:&quot;Plaza Vega Alta&quot;,&quot;lat&quot;:&quot;18.41111&quot;,&quot;lng&quot;:&quot;-66.32111&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza Vega Alta, operating as Centro Gran Caribe, is an enclosed regional shopping mall in Vega Alta, Puerto Rico, situated on State Road 2 Km 29.5, spanning about 400,000 square feet and serving a trade area of over 100,000 residents in Vega Alta and adjacent Vega Baja. Opened in the 1990s, it positions as a community hub for everyday shopping and entertainment in a suburban setting, 30 minutes west of San Juan. The tenant mix comprises over 100 stores, anchored by TJ Maxx, Capri department store, and a 7-screen Vega Alta Cinemas, drawing families and locals. Key categories include apparel and footwear (Journeys, Champs Sports, Solo Jeans, Marianne), health and beauty (Sally Beauty Supply, Eye Center), accessories (Joyería Febus, Emotions), services (Banco Popular, Triple S Vida, clinics), and specialty retail (Grand Way, Just 4 Pets, MJA Smoke Shop). Dining is limited to casual options like El 21 Cafe, ChinaTown, and fast-food kiosks, emphasizing quick-service over full restaurants. Entertainment via cinemas boosts weekend footfall, estimated at moderate levels for a mid-sized mall, supported by regional demographics. Market position reflects Puerto Ricos resilient retail sector with 6.5% vacancy island-wide, but local economic pressures persist. Leasing advantages feature competitive base rents of $15-25 per square foot annually, common area maintenance fees, and percentage leases (5-7% of sales over breakpoints), with flexible terms for smaller spaces. Ample surface parking (over 1,500 spots) enhances accessibility. However, challenges include an aging infrastructure post-Hurricane Maria repairs, competition from larger centers like Plaza del Sol in Bayamon, and a value-driven consumer base limiting luxury potential. Occupancy hovers at 90-95%, with low historical turnover but risks from economic downturns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Vega Alta&quot;},&quot;anchor_tenants&quot;:&quot;Selectos Supermarkets, ChinaTown, TJ Maxx, Capri, Grand Way, Caribbean Cinemas&quot;,&quot;distance&quot;:46.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;35964&quot;,&quot;anchor_tenants&quot;:&quot;Selectos Supermarkets, ChinaTown, TJ Maxx, Capri, Grand Way, Caribbean Cinemas&quot;}},{&quot;id&quot;:8772,&quot;slug&quot;:&quot;plaza-jardines-3&quot;,&quot;name&quot;:&quot;Plaza Jardines&quot;,&quot;lat&quot;:&quot;18.4444&quot;,&quot;lng&quot;:&quot;-66.3877&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Jardines is a neighborhood shopping center situated at Carr. 2 Km. 39.9, Vega Baja, PR 00693, serving the local community in northern Puerto Rico. This compact retail property, estimated at around 50,000-70,000 square feet, is anchored by SuperMax supermarket, which drives consistent traffic for grocery and daily needs. The tenant mix includes essential services such as Ok China (Chinese restaurant), Capelli Cuts (barber shop), and various local eateries and small retailers, catering to convenience-oriented shopping. Located on the busy PR-2 highway, it offers strong accessibility for residents within a 3-mile radius, where the population exceeds 40,000 with a median household income of approximately $23,877, reflecting a value-driven demographic with a median age of 44. The broader Puerto Rico retail market remains robust, with a low overall vacancy rate of 6.5% as of 2025, indicating stable demand and healthy occupancy levels. Leasing opportunities here emphasize affordable spaces suitable for small-format stores, with potential rent levels in the $20-25 per square foot NNN range, lower than urban centers like San Juan. Advantages include proximity to Highway 22 for regional access and a focus on everyday essentials that align with local spending patterns. However, drawbacks encompass limited national tenant presence, which may cap sales potential compared to larger malls, and exposure to economic fluctuations in a lower-income area. Nearby competition from Plaza Las Vegas (at Km 39.1) with anchors like Walgreens and AutoZone could divert discretionary spending. Operational aspects feature surface parking for about 200 vehicles, but infrastructure may show signs of age, requiring due diligence on maintenance. Footfall is primarily local, estimated at moderate levels driven by supermarket traffic rather than high-volume events, with no specific public metrics available. The centers position in a semi-rural to suburban setting supports resilient performance for resilient categories like groceries and quick-service food, though market saturation in supermarkets poses a risk for new entrants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Vega Baja&quot;},&quot;anchor_tenants&quot;:&quot;Staples, OK China, Baskin-Robbins&quot;,&quot;distance&quot;:39.1,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Staples, OK China, Baskin-Robbins&quot;}},{&quot;id&quot;:8778,&quot;slug&quot;:&quot;corozal-plaza-shopping-center&quot;,&quot;name&quot;:&quot;Corozal Plaza Shopping Center&quot;,&quot;lat&quot;:&quot;18.34051&quot;,&quot;lng&quot;:&quot;-66.31322&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Corozal Plaza Shopping Center is a small retail property located at PR-891 KM 0.1 in Pueblo Ward, Corozal, Puerto Rico 00783. The center offers approximately 3,825 square feet of leasable retail space, suitable for kiosks, retail merchandise units, and small stores. Current availability includes the full 3,825 square feet at a net lease rate of $24.00 per square foot per year, indicating potential flexibility for new tenants. The property is positioned in a rural municipality with a population of about 35,000 residents, serving local communities in southern Puerto Rico. Accessibility is provided via State Road PR-891, connecting to nearby highways, though public transportation options are limited, potentially impacting footfall. Tenant mix focuses on everyday retail needs, such as convenience stores, services, and local vendors, with no major anchor tenants reported. Market position is modest, catering to local shoppers rather than regional draw, amid Puerto Ricos broader retail sector which saw a 5% year-over-year sales increase in shopping centers in 2023 per industry reports. Occupancy details are not publicly specified, but available space suggests room for growth. Leasing advantages include competitive rent levels compared to urban centers like San Juan, where rates can exceed $30 per square foot, and lower competition from big-box retailers. However, challenges include economic pressures in rural areas, with median household income around $18,000, limiting consumer spending power. Proximity to agricultural zones may support food-related retail, but infrastructure like parking and maintenance quality requires verification. Overall, suitable for budget-conscious retailers targeting local demographics, with risks from market saturation in basic goods categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Corozal&quot;},&quot;anchor_tenants&quot;:&quot;Western Auto, Me Salve, Selectos Supermarket&quot;,&quot;distance&quot;:49.24,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;7832&quot;,&quot;anchor_tenants&quot;:&quot;Western Auto, Me Salve, Selectos Supermarket&quot;}},{&quot;id&quot;:8859,&quot;slug&quot;:&quot;puerto-rico-premium-outlets&quot;,&quot;name&quot;:&quot;Puerto Rico Premium Outlets&quot;,&quot;lat&quot;:&quot;18.4376&quot;,&quot;lng&quot;:&quot;-66.54123&quot;,&quot;property_type&quot;:&quot;Outlet&quot;,&quot;description&quot;:&quot;Puerto Rico Premium Outlets is an open-air outlet shopping center located at 1 Premium Outlets Blvd in Barceloneta, Puerto Rico, approximately 45 minutes west of San Juan via PR-22 Expressway. Opened in 2000 and expanded in 2008, it spans 333,330 square feet of gross leasable area (GLA) and features over 85 stores focused on discounted designer and name-brand merchandise. The tenant mix emphasizes fashion and accessories, with major anchors including Adidas Outlet, Banana Republic Factory Store, Calvin Klein, Coach Outlet, Michael Kors Outlet, Nike Factory Store, and Tommy Hilfiger. Footwear options like Aldo and Skechers complement apparel, while home goods from Lenox and Mikasa add variety. Dining includes a food court with local flavors such as Bacalaito Bakery and Asian \u0026 Bistro, plus sit-down restaurants like Chilis Grill \u0026 Bar, Olive Garden, and Ponderosa Steakhouse. Entertainment is anchored by a 10-screen Caribbean Cinemas complex with stadium seating. As the largest outlet mall in Puerto Rico, it serves as a key destination for value-oriented shopping, drawing from the islands 3.2 million residents and tourists. Market position benefits from low overall retail vacancy at 6.5 percent in 1H 2025 across 50 million square feet of space, with shopping center sales up 5 percent year-over-year in 2023. Accessibility via major highway supports footfall, estimated to align with national mall trends showing 3 percent growth from 2023 to 2024. Occupancy stands at approximately 96 percent, per Simon Property Groups Q1 2025 report for premium outlets. Leasing advantages include competitive base rents for outlet formats, typically 20-30 percent below full-price malls, with percentage rents tied to sales performance averaging $375 per square foot historically. However, economic challenges in Puerto Rico, including lower median household income of around $20,000, may cap spending power. The property faces risks from hurricane exposure and competition from enclosed malls like Plaza Las Americas in San Juan, which offer broader mixes but higher prices. Operational quality is solid with modern infrastructure post-expansion, though tropical climate requires robust maintenance. Retailers benefit from a balanced tenant mix that drives cross-shopping, with strong categories in apparel and dining, but weaker in luxury due to market saturation in tourist areas.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Barceloneta&quot;},&quot;anchor_tenants&quot;:&quot;Adidas, Banana Republic Factory Store, Calvin Klein, Coach Outlet, Michael Kors, Nike, Tommy Hilfiger&quot;,&quot;distance&quot;:23.18,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;30960&quot;,&quot;anchor_tenants&quot;:&quot;Adidas, Banana Republic Factory Store, Calvin Klein, Coach Outlet, Michael Kors, Nike, Tommy Hilfiger&quot;}},{&quot;id&quot;:8775,&quot;slug&quot;:&quot;plaza-vega-baja&quot;,&quot;name&quot;:&quot;Plaza Vega Baja&quot;,&quot;lat&quot;:&quot;18.445&quot;,&quot;lng&quot;:&quot;-66.3898&quot;,&quot;property_type&quot;:&quot;Community&quot;,&quot;description&quot;:&quot;Plaza Vega Baja is an established open-air strip shopping center located at 15 Carr. 155 in Vega Baja, Puerto Rico 00693, serving the local trade area of approximately 54,100 residents in Vega Baja Municipio. The property features a mix of national and regional tenants, including anchors like Econo Supermarket, Burlington, Ross Dress for Less, Planet Fitness, O\&quot;Reilly Auto Parts, Me Salve pharmacy, Rainbow apparel, and All Ways 99 discount store, which collectively drive consistent daily foot traffic from nearby residential neighborhoods and commuters along the primary roadway. Total gross leasable area is estimated at around 80,000 square feet based on tenant footprints, with current availability including a 3,841-square-foot inline space adjacent to Me Salve and a 3,000-square-foot unit, plus kiosk options for smaller formats. Accessibility is strong via Carr. 155, with proximity to Highway 22 providing links to San Juan (about 25 miles east) and regional areas, though public transit options are limited in this suburban setting. Market position reflects a community-oriented retail hub in a low-to-moderate income area, where median household income stands at $23,877 and median age is 44.3, supporting everyday essentials shopping rather than luxury or experiential retail. Occupancy appears stable at over 90% inferred from active tenancies, with footfall benefiting from supermarket draw but challenged by economic constraints. Leasing advantages include flexible space configurations, visibility on a high-traffic road (daily vehicles estimated 15,000-20,000), and competitive rent levels around $18-22 per square foot annually (triple net), lower than urban centers like San Juan. However, drawbacks encompass market saturation in discount categories, aging infrastructure in some sections, and vulnerability to economic downturns given the areas below-average income levels and 6.3% unemployment rate. Overall, it suits value-oriented retailers targeting local families, but requires careful assessment of sales potential amid regional competition from nearby strips like Plaza Las Vegas.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Vega Baja&quot;},&quot;anchor_tenants&quot;:&quot;Econo, Me Salve, Planet Fitness, Burlington&quot;,&quot;distance&quot;:38.87,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;17182&quot;,&quot;anchor_tenants&quot;:&quot;Econo, Me Salve, Planet Fitness, Burlington&quot;}}]}" data-map-update-url-value="/malls/plaza-del-atlantico" id="mall-map-wrapper"><div data-city="Arecibo" data-current-mall="true" data-id="plaza-del-atlantico" data-lat="18.478611" data-lng="-66.756667" data-map-target="mall" data-name="Plaza Del Atlántico" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Arecibo Municipality</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">Arecibo Metro Area</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">179,470 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">-0.5</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">$25,100 USD</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">5.6</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">58.7 Index</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">$4,500 USD per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">1,200 USD per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">3,000 USD per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">800 USD per year</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">500,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">90 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">$4,800 USD</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">50 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">Low</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">Medium</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">18,857 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">1 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">$215 USD per year</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">10.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Direct access to PR-2</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Limited</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">800 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">Low</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">Medium % of stores</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">85.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">4 Incidents per 1,000 visitors</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">Standard</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">12 Events per year</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">20.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>