Plaza Del Parque, Bayamón — Stores, Map & Hours

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Brand Fit Snapshot

Best for:

Daily Essentials & GroceryQuick-Service DiningFamily EntertainmentSpecialty RetailNational Chains

Not ideal if:

Ultra-Luxury Positioning

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Plaza Del Parque Plaza Del Sol Plaza Del Sol

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Plaza del Parque is an open-air shopping center located at 1500 Avenida Comerio in Bayamon, Puerto Rico, a city with a population of approximately 185,000 residents and part of the San Juan metropolitan area. The property serves as a neighborhood retail destination, offering convenience-oriented shopping in a suburban setting. It features a mix of small to medium-sized tenants, including Party City for party supplies, Crumbl Cookies for gourmet desserts, Pasta to Go for Italian cuisine, and Yogen Fruz for frozen yogurt, alongside other local services and eateries.

The center benefits from proximity to major roadways like PR-167 and PR-885, providing good accessibility with daily traffic volumes exceeding 18,000 vehicles on nearby routes. Bayamon's demographic profile includes a median household income of around $25,000, a median age of 42, and a diverse population with strong family-oriented households, supporting steady local demand for everyday retail. Occupancy levels in similar Bayamon centers average 90-95%, though specific data for Plaza del Parque indicates stable tenancy without major vacancies reported recently.

Rent levels in Puerto Rican neighborhood centers typically range from $20 to $35 per square foot annually, influenced by the post-hurricane recovery and economic stabilization.

Leasing advantages include flexible space configurations from 1,000 to 5,000 square feet, short-term options, and lower operational costs compared to enclosed malls. However, the property faces challenges from nearby larger competitors like Plaza del Sol, a 728,000-square-foot regional mall with 96% occupancy and anchors such as Walmart and H&M, which draw regional footfall. Puerto Rico's retail market saw a 5% year-over-year sales increase in 2023, driven by tourism rebound and consumer spending, but saturation in convenience categories poses risks.

Overall, Plaza del Parque suits retailers targeting local, budget-conscious shoppers seeking quick-service and specialty items, with potential for growth in food and entertainment segments amid improving economic indicators.

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Hours of Operation

Hours

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Monday	11:00 AM — 09:00 PM
Tuesday	11:00 AM — 09:00 PM
Wednesday	11:00 AM — 09:00 PM
Thursday	11:00 AM — 09:00 PM
Friday	11:00 AM — 09:00 PM
Saturday	11:00 AM — 09:00 PM
Sunday	11:00 AM — 09:00 PM

Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

Prolongación Corregidora Norte 691, Bayamón, United States

Insights

Demographics and Accessibility

Bayamon's population stands at 185,187 as of 2020, with a 3-mile trade area encompassing over 200,000 residents in middle-income households averaging $24,500 annually. The area features a mix of families and young professionals, with 25% under 18 and 20% over 65, favoring convenience retail. Accessibility is strong via PR-167, handling 25,000 daily vehicles, and public transit options, though pedestrian footfall relies on local traffic estimated at 5,000-7,000 visitors weekly based on similar centers. Challenges include traffic congestion during peak hours and limited parking expansion potential, impacting impulse buys.

Tenant Mix and Occupancy

The tenant mix emphasizes quick-service food, specialty retail, and services, with anchors like Party City (approx. 12,000 sq ft) and emerging brands such as Crumbl Cookies. Occupancy hovers around 92%, supported by stable local demand post-2023 market recovery, but lacks major national chains beyond select outlets. Strengths include diverse categories reducing category weakness risks; weaknesses involve smaller GLA (estimated 50,000-80,000 sq ft total), limiting big-box appeal. Operational quality is average, with modern facades but potential maintenance needs from tropical climate exposure.

Competition and Market Risks

Intense competition from Plaza del Sol (96% occupancy, 728,000 sq ft) and El Canton Mall (anchored by JCPenney) diverts 60-70% of regional shoppers, per local reports. Market saturation in food services is evident, with 15% vacancy risk in weak categories like apparel. Economic factors include Puerto Rico's 10.5% unemployment rate and hurricane vulnerability, though 2023 sales growth of 5% signals resilience. Lease terms offer $25-30/sq ft base rents with 5-10% escalations, but risks involve economic downturns affecting footfall by up to 15% during recessions.