<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="18.4122026" data-lng="-66.1614392" data-map-catchment-data-value="{&quot;lat&quot;:&quot;18.4122026&quot;,&quot;lng&quot;:&quot;-66.1614392&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:245000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;3 miles Radius&quot;,&quot;description&quot;:&quot;Strategic location in Cupey, San Juan area&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;10 miles Radius&quot;,&quot;description&quot;:&quot;Extended area covering parts of San Juan metro&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;245,000 People&quot;,&quot;description&quot;:&quot;Three-mile radius population indicating core customer base&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;-0.5&quot;,&quot;description&quot;:&quot;Estimated based on Puerto Rico overall trends&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;43 Years&quot;,&quot;description&quot;:&quot;Typical for San Juan metropolitan area&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;2.6 Persons&quot;,&quot;description&quot;:&quot;Average household size in the region&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;31.0&quot;,&quot;description&quot;:&quot;Share of population with tertiary education in San Juan area&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;$25,096 USD&quot;,&quot;description&quot;:&quot;Puerto Rico median, applicable to local area&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;8.5&quot;,&quot;description&quot;:&quot;Recent estimate for San Juan metro&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;92 Index&quot;,&quot;description&quot;:&quot;Relative to US average of 100&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;$3,500 USD&quot;,&quot;description&quot;:&quot;Annual estimate for Puerto Rico residents&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Share of retail spending&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Share of retail spending&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;10.0&quot;,&quot;description&quot;:&quot;Share of retail spending&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 based on local shopping center size&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;45 Minutes&quot;,&quot;description&quot;:&quot;Average time spent by visitors&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Visitors making purchases&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;$800 USD&quot;,&quot;description&quot;:&quot;Annual sales performance estimate&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;25 Stores&quot;,&quot;description&quot;:&quot;Including anchors and smaller tenants&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Boolean&quot;,&quot;description&quot;:&quot;Sam&#39;s Club as main anchor&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;3 Per 10 km&quot;,&quot;description&quot;:&quot;Nearby similar shopping centers&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;Medium Level&quot;,&quot;description&quot;:&quot;Mix of national and local brands&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;5 Stores&quot;,&quot;description&quot;:&quot;Specialty shops like Crumbl Cookies&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;179,092 sqm&quot;,&quot;description&quot;:&quot;Estimated total leasable space&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;1 Levels&quot;,&quot;description&quot;:&quot;Single-level shopping center&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;$20 USD&quot;,&quot;description&quot;:&quot;Monthly rent estimate&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Low vacancy based on stable tenants&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Flexible terms for small businesses&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;2,000 Square meters&quot;,&quot;description&quot;:&quot;Current openings&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct Access&quot;,&quot;description&quot;:&quot;On PR-2 and nearby highways&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Good Level&quot;,&quot;description&quot;:&quot;Bus routes serving Cupey area&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;500 Spaces&quot;,&quot;description&quot;:&quot;Ample free parking&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Medium Level&quot;,&quot;description&quot;:&quot;Local community foot traffic&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Growing online retail in PR&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;30.0&quot;,&quot;description&quot;:&quot;Share of sales via click-and-collect&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;85.0&quot;,&quot;description&quot;:&quot;In catchment area&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low Level&quot;,&quot;description&quot;:&quot;Comparable to US average for malls&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;24/7 Coverage&quot;,&quot;description&quot;:&quot;On-site security and cameras&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;12 Per year&quot;,&quot;description&quot;:&quot;Seasonal and holiday events&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Participation in mall loyalty programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Boolean&quot;,&quot;description&quot;:&quot;Installed for promotions&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;Based on economic recovery&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;3 Tenants&quot;,&quot;description&quot;:&quot;Upcoming additions like food outlets&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;nan Status&quot;,&quot;description&quot;:&quot;Stable, no major expansions planned&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:1707,&quot;slug&quot;:&quot;plaza-del-sol&quot;,&quot;name&quot;:&quot;Plaza Del Sol&quot;,&quot;lat&quot;:&quot;18.4075337&quot;,&quot;lng&quot;:&quot;-66.1630472&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza del Sol is a 728,546 square foot regional mall in Bayamón, Puerto Rico, part of the San Juan metro area. Opened in 1998 and owned by Curzon Puerto Rico since 2023, it spans two levels with over 150 stores, anchored by Walmart, The Home Depot, H\u0026M, Burlington, Dave and Buster&#39;s, and a 14-screen Caribbean Cinemas. Tenant mix balances big-box retailers, fashion outlets like Old Navy, entertainment, and dining in the upstairs food court. Historical data shows 1 million monthly visitors and strong sales performance, with food court at $1,074 per sq ft in 2003. Current occupancy stands at approximately 96%, supported by recent tenant changes including Burlington opening in 2024 after Bed Bath and Beyond closure. Located on PR-29 West Main Avenue, it offers good accessibility via highways to a trade area of 500,000+ residents within 10 miles, featuring middle-income families (median household income around $25,000) and a diverse Hispanic demographic. Leasing advantages include competitive rents of $24-50 per sq ft annually, high footfall from local shoppers, and strategic positioning as a community hub. However, market challenges encompass competition from larger venues like Plaza Las Américas, Puerto Ricos economic recovery post-Hurricane Maria, potential infrastructure aging despite 2011 renovations, and retail category saturation in apparel and home goods.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Suburbia, Soriana, Zara, Levi&#39;s, Starbucks&quot;,&quot;distance&quot;:0.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;67684&quot;,&quot;anchor_tenants&quot;:&quot;Suburbia, Soriana, Zara, Levi&#39;s, Starbucks&quot;}},{&quot;id&quot;:8799,&quot;slug&quot;:&quot;centro-comercial-los-dominicos&quot;,&quot;name&quot;:&quot;Centro Comercial Los Dominicos&quot;,&quot;lat&quot;:&quot;18.44067&quot;,&quot;lng&quot;:&quot;-66.17719&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Los Dominicos is a neighborhood shopping center located in the Levittown suburb of Toa Baja, Puerto Rico, within the 4th section of this planned community. Developed as part of the post-WWII suburban expansion, Levittown has a population of approximately 25,591 residents as per the 2020 U.S. Census, serving as a residential hub in the San Juan metropolitan area. The center spans along Avenue Los Dominicos, offering convenient access via PR-2 and local boulevards, with parking for local shoppers. Key tenants include the recently opened Supermercados Selectos Levittown supermarket in November 2024, which anchors daily essentials shopping; financial institutions such as Banco Popular, Banco Santander, and Oriental Bank; quick-service eateries like Kentucky Fried Chicken and Harry&#39;s Tacos; and service-oriented businesses including an optician, dollar store Todo a Peso, and MoneyGram services. The tenant mix focuses on convenience retail, groceries, banking, and fast food, catering to everyday needs rather than destination shopping. In the broader Toa Baja market, which recorded total retail sales of $820 million in 2022 according to U.S. Census data, this center benefits from stable local demand driven by a predominantly Hispanic demographic (77.4% White Hispanic) with a median age of 42 years and household incomes averaging around $25,000-$30,000 annually based on municipal profiles. Accessibility is supported by proximity to major routes connecting to Bayamon and San Juan, though the area remains car-dependent with limited public transit. Leasing advantages include competitive rent levels estimated at $20-25 per square foot on a triple net basis, typical for Puerto Rican neighborhood centers per commercial real estate reports from sources like CoStar and local brokers; high occupancy rates post-recent renovations; and low turnover due to community loyalty. However, challenges include exposure to regional economic fluctuations, such as post-hurricane recovery impacts from 2017&#39;s Maria, and competition from larger regional malls like Plaza del Sol (10 miles away) drawing higher-end traffic. Operational quality is moderate, with aging infrastructure in some sections but recent investments in the anchor store improving appeal. Footfall is estimated at 5,000-7,000 weekly visitors, primarily local residents, based on similar suburban centers in Puerto Rico per ICSC market insights. Overall, it positions well for retailers targeting value-oriented, family demographics in a saturated but resilient metro market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Toa Baja&quot;},&quot;anchor_tenants&quot;:&quot;Supermercados Selectos, Walgreens, Marshalls&quot;,&quot;distance&quot;:3.58,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;15&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercados Selectos, Walgreens, Marshalls&quot;}},{&quot;id&quot;:8886,&quot;slug&quot;:&quot;centro-comercial-plaza-del-parque&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Del Parque&quot;,&quot;lat&quot;:&quot;18.4072&quot;,&quot;lng&quot;:&quot;-66.1628&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza del Parque is an open-air shopping center located in Bayamón, Puerto Rico, at approximately Carr. #2 Km 15.5, Bo. Hato Tejas, and 1500 Avenida Comerío. It serves as a neighborhood retail destination with a gross leasable area estimated around 200,000 square feet, anchored by major retailers including Costco Wholesale, Sam&#39;s Club, and OfficeMax. The tenant mix includes a blend of national chains and local businesses such as Party City, Wendy&#39;s, Sizzler, T-Mobile, Yogen Fruz, Subway, Claro, and various services like salons, medical offices, and boutiques. This composition focuses on everyday essentials, dining, and convenience shopping, appealing to local families and commuters. Positioned in a densely populated suburban area near major highways PR-2 and PR-167, it benefits from good visibility and accessibility via public transportation and personal vehicles, with ample parking available. Bayamón&#39;s retail market remains robust, with Puerto Rico&#39;s overall retail vacancy at 6.5% in early 2025, reflecting steady demand driven by population recovery post-hurricanes and economic incentives. Leasing opportunities here offer stable footfall from the surrounding 245,000 residents within a three-mile radius, supported by anchors that generate consistent traffic. However, average rents in similar neighborhood centers range from $20 to $30 per square foot annually, influenced by location and tenant quality. Advantages include low competition from big-box formats in immediate vicinity and potential for cross-shopping, though broader market saturation in apparel and dining categories poses challenges. Operational quality is maintained through regular updates, but aging elements in Puerto Rico&#39;s retail infrastructure could require attention. Overall, it provides a practical option for retailers targeting middle-income households in a market with 5% year-over-year sales growth in 2023.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Sam&#39;s Club, Office Depot&quot;,&quot;distance&quot;:0.57,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Sam&#39;s Club, Office Depot&quot;}},{&quot;id&quot;:8889,&quot;slug&quot;:&quot;centro-comercial-plaza-del-sol-norte&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Del Sol Norte&quot;,&quot;lat&quot;:&quot;18.4061&quot;,&quot;lng&quot;:&quot;-66.163&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza Del Sol Norte, located in Bayamón, Puerto Rico, is a regional shopping center spanning approximately 728,000 square feet, established in 1998. Situated in the metropolitan area near San Juan, it serves as a key retail hub for the local community in Bayamón, a suburb with a population of about 185,000. The mall&#39;s market position is mid-tier among Puerto Rican centers, benefiting from strong anchor tenants that drive consistent traffic. Anchor stores include Walmart, The Home Depot, H\u0026M, Burlington, Old Navy, Caribbean Cinemas, and Dave \u0026 Buster&#39;s, creating a diverse tenant mix focused on value-oriented retail, home improvement, fashion, and entertainment. The mix also features dining options in an upstairs food court and specialty stores for apparel, accessories, and services. Average monthly footfall stands at 416,666 visitors, translating to roughly 5 million annually, supported by its role as a community destination. Occupancy is reported at 96%, indicating stable operations above the island average for similar properties. Accessibility is favorable, with proximity to major highways like PR-2 and PR-167, facilitating easy access for residents within a 10-15 mile radius. Demographic profile includes middle to lower-middle income households, with median income around $25,000, a mix of families and young professionals, and a population density that supports everyday shopping needs. Leasing advantages encompass competitive rent levels of $24-50 per square foot annually, flexible space options from 1,000 to 10,000 square feet, and opportunities in high-traffic areas near anchors. However, retailers should consider Puerto Rico&#39;s economic challenges, including post-hurricane recovery and inflation impacts on consumer spending. The property&#39;s infrastructure, while functional, dates back over 25 years, potentially requiring updates for modern retail standards. Overall, it offers balanced potential for value-driven retailers targeting local demographics, though success depends on synergy with existing big-box and entertainment draws.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Walmart, Burlington, H\u0026M, Dave \u0026 Buster&#39;s, The Home Depot&quot;,&quot;distance&quot;:0.7,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;130&quot;,&quot;gla_sqm&quot;:&quot;67684&quot;,&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Walmart, Burlington, H\u0026M, Dave \u0026 Buster&#39;s, The Home Depot&quot;}},{&quot;id&quot;:8783,&quot;slug&quot;:&quot;centro-comercial-levittown&quot;,&quot;name&quot;:&quot;Centro Comercial Levittown&quot;,&quot;lat&quot;:&quot;18.436785&quot;,&quot;lng&quot;:&quot;-66.17779&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Levittown is a neighborhood shopping center located in Levittown, Toa Baja, Puerto Rico, serving the local suburban community of approximately 25,591 residents as per 2020 census data. Positioned along Carr. 165 in the Sabana Seca sector, it functions as a convenience-oriented retail hub rather than a regional mall, with an estimated gross leasable area under 100,000 square feet based on similar properties in the area. The tenant mix emphasizes essential services and daily needs, anchored by Amigo supermarket, which draws consistent local traffic, alongside small retail outlets, professional offices, fast food establishments, and public services such as the Tribunal de Primera Instancia de Toa Baja court, contributing to steady footfall from residents and nearby workers. Market position reflects Puerto Ricos broader retail landscape, where neighborhood centers maintain low vacancy rates around 6.5% island-wide as reported in 2024 JLL market insights, benefiting from a 5% year-over-year sales increase in 2023 per industry reports. Leasing advantages include competitive rent levels estimated at $15-20 per square foot NNN for similar suburban properties, lower than urban malls, providing cost-effective entry for small-format retailers targeting middle-income families. The centers operational quality is supported by good occupancy, with post-hurricane Maria resilience demonstrated through tenant reopenings, though some infrastructure may show aging from the 1990s build era. Demographic profile features a dense suburban environment with a mix of young professionals, families, and retirees, median household income around $25,000, and homeownership rates over 70%, fostering loyalty to local shopping. Potential challenges include limited expansion space and reliance on automobile access, but its proximity to larger venues like Plaza del Sol in Bayamon enhances spillover traffic without direct competition in convenience categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Toa Baja&quot;},&quot;anchor_tenants&quot;:&quot;Amigo Supermarket&quot;,&quot;distance&quot;:3.23,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Amigo Supermarket&quot;}},{&quot;id&quot;:8752,&quot;slug&quot;:&quot;plaza-del-sol-7&quot;,&quot;name&quot;:&quot;Plaza Del Sol&quot;,&quot;lat&quot;:&quot;18.4061&quot;,&quot;lng&quot;:&quot;-66.1636&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza del Sol is a 728,546 square foot regional mall in Bayamón, Puerto Rico, part of the San Juan metro area. Opened in 1998 and owned by Curzon Puerto Rico since 2023, it spans two levels with over 150 stores, anchored by Walmart, The Home Depot, H\u0026M, Burlington, Dave and Buster&#39;s, and a 14-screen Caribbean Cinemas. Tenant mix balances big-box retailers, fashion outlets like Old Navy, entertainment, and dining in the upstairs food court. Historical data shows 1 million monthly visitors and strong sales performance, with food court at $1,074 per sq ft in 2003. Current occupancy stands at approximately 96%, supported by recent tenant changes including Burlington opening in 2024 after Bed Bath and Beyond closure. Located on PR-29 West Main Avenue, it offers good accessibility via highways to a trade area of 500,000+ residents within 10 miles, featuring middle-income families (median household income around $25,000) and a diverse Hispanic demographic. Leasing advantages include competitive rents of $24-50 per sq ft annually, high footfall from local shoppers, and strategic positioning as a community hub. However, market challenges encompass competition from larger venues like Plaza Las Américas, Puerto Ricos economic recovery post-Hurricane Maria, potential infrastructure aging despite 2011 renovations, and retail category saturation in apparel and home goods.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Home Depot, Caribbean Cinemas, H\u0026M, Burlington, Dave \u0026 Buster&#39;s&quot;,&quot;distance&quot;:0.72,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;67684&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Home Depot, Caribbean Cinemas, H\u0026M, Burlington, Dave \u0026 Buster&#39;s&quot;}},{&quot;id&quot;:8885,&quot;slug&quot;:&quot;centro-comercial-plaza-rio-hondo&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Rio Hondo&quot;,&quot;lat&quot;:&quot;18.423056&quot;,&quot;lng&quot;:&quot;-66.161389&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza Rio Hondo in Bayamón, Puerto Rico, is a 350,000 square foot two-level shopping center opened in 1982, featuring approximately 90 stores across fashion, electronics, beauty, jewelry, dining, and services. Anchors include Marshalls Megastore, TJ Maxx, Best Buy, Caribbean Cinemas, Pueblo Supermarket, Chilis Grill and Bar, Golden Corral, Walgreens, and PetSmart. Tenant mix supports value-oriented retail with 40 percent of visitors for shopping, 35 percent for dining, and 25 percent for home decor. Occupancy rate is 92 percent with 8 percent vacancy, consistent with Puerto Ricos retail market vacancy of 6.5 percent in early 2025, where total space exceeds 50 million square feet driven by local consumption. The property offers direct access from PR-22 highway, 2,500 parking spaces, and serves a 10 kilometer radius of 500,000 residents with average age 44.1 years, household size 2.72, and income around 30,729 USD. Monthly footfall reaches 333,333 visitors with 90-minute average dwell time. Leasing advantages encompass competitive rates near 24 USD per square foot annually, medium competition, 3 percent growth potential, and marketing events. Drawbacks involve aging infrastructure, post-Hurricane Maria store reductions, and needs for family amenities and diverse dining options.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Marshalls Megastore, Caribbean Cinemas, TJ Maxx, Best Buy, Golden Corral, Pueblo Supermarkets, Chili&#39;s Grill \u0026 Bar, Walgreens, PetSmart&quot;,&quot;distance&quot;:1.21,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;90&quot;,&quot;gla_sqm&quot;:&quot;51551&quot;,&quot;anchor_tenants&quot;:&quot;Marshalls Megastore, Caribbean Cinemas, TJ Maxx, Best Buy, Golden Corral, Pueblo Supermarkets, Chili&#39;s Grill \u0026 Bar, Walgreens, PetSmart&quot;}},{&quot;id&quot;:1733,&quot;slug&quot;:&quot;plaza-del-sol-1&quot;,&quot;name&quot;:&quot;Plaza Del Sol&quot;,&quot;lat&quot;:&quot;18.4075337&quot;,&quot;lng&quot;:&quot;-66.1630472&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza del Sol is a 728,546 square foot regional mall in Bayamón, Puerto Rico, part of the San Juan metro area. Opened in 1998 and owned by Curzon Puerto Rico since 2023, it spans two levels with over 150 stores, anchored by Walmart, The Home Depot, H\u0026M, Burlington, Dave and Buster&#39;s, and a 14-screen Caribbean Cinemas. Tenant mix balances big-box retailers, fashion outlets like Old Navy, entertainment, and dining in the upstairs food court. Historical data shows 1 million monthly visitors and strong sales performance, with food court at $1,074 per sq ft in 2003. Current occupancy stands at approximately 96%, supported by recent tenant changes including Burlington opening in 2024 after Bed Bath and Beyond closure. Located on PR-29 West Main Avenue, it offers good accessibility via highways to a trade area of 500,000+ residents within 10 miles, featuring middle-income families (median household income around $25,000) and a diverse Hispanic demographic. Leasing advantages include competitive rents of $24-50 per sq ft annually, high footfall from local shoppers, and strategic positioning as a community hub. However, market challenges encompass competition from larger venues like Plaza Las Américas, Puerto Ricos economic recovery post-Hurricane Maria, potential infrastructure aging despite 2011 renovations, and retail category saturation in apparel and home goods.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Del Sol, Local Shops&quot;,&quot;distance&quot;:0.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Del Sol, Local Shops&quot;}},{&quot;id&quot;:8868,&quot;slug&quot;:&quot;centro-comercial-plaza-del-recreo&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Del Recreo&quot;,&quot;lat&quot;:&quot;18.4&quot;,&quot;lng&quot;:&quot;-66.15&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza del Recreo is situated in the central Bayamón Pueblo district of Bayamón, Puerto Rico, serving as a lively public square enveloped by small-scale commercial spaces such as cafes, artisan stalls, and boutique shops. This open-air venue positions itself as a cultural and community focal point rather than a traditional enclosed mall, attracting consistent pedestrian traffic through events like festivals, markets, and performances. The tenant mix features independent operators specializing in local crafts, souvenirs, traditional Puerto Rican foods, and casual apparel, complemented by nearby dining options including coffee shops and tapas bars. With Bayamón&#39;s population exceeding 185,000, the area draws middle-income families and tourists seeking authentic experiences. Occupancy rates in adjacent commercial properties hover around 85-90%, supported by the plaza&#39;s role in daily community life. Rent levels for spaces around the plaza average $18-22 per square foot annually, lower than regional mall averages of $25-35, offering cost-effective entry for small retailers. Accessibility via public transportation to the town center enhances footfall, estimated at moderate levels of 5,000-10,000 daily visitors during peak events. Leasing advantages include direct community engagement and lower overheads, but drawbacks encompass exposure to weather and reliance on seasonal activities. The broader Puerto Rico retail market, per ICSC reports, shows stabilization with 92% occupancy island-wide, though open plazas face saturation in casual dining categories. Proximity to major roads and landmarks like the Bayamón City Hall bolsters visibility, while aging infrastructure in surrounding buildings poses minor maintenance risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Local Retailers&quot;,&quot;distance&quot;:1.82,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Local Retailers&quot;}},{&quot;id&quot;:8761,&quot;slug&quot;:&quot;plaza-rio-hondo&quot;,&quot;name&quot;:&quot;Plaza Río Hondo&quot;,&quot;lat&quot;:&quot;18.4224&quot;,&quot;lng&quot;:&quot;-66.1629&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Río Hondo is a regional shopping center in Bayamón, Puerto Rico, operational since 1982 and spanning approximately 555,000 square feet of gross leasable area. Managed by Curzon Puerto Rico, it serves as a key retail hub for Bayamón and adjacent municipalities, drawing from a metropolitan area population exceeding 2 million within the San Juan metro. The property features over 90 tenants, including anchors such as Marshalls Megastore (55,000 sq ft), T.J. Maxx, Best Buy, Pueblo Supermarkets, Caribbean Cinemas, Walgreens, PetSmart, and restaurants like Chili\&quot;s and Golden Corral. Tenant mix emphasizes apparel, electronics, home goods, beauty, jewelry, pet supplies, medical services, and a food court with diverse options. Located at 60 Avenida Río Hondo off PR-22 highway, it offers strong accessibility with ample parking for over 3,000 vehicles. In the broader Puerto Rico retail market, which totals 50 million sq ft with a 6.5% vacancy rate as of mid-2025, Plaza Río Hondo maintains solid occupancy around 90-95%, supported by base rents averaging $20-25 per sq ft annually, competitive for suburban locations. Leasing advantages include proximity to high-traffic corridors, stable anchor-driven footfall estimated at 5-7 million annual visitors, and opportunities for inline spaces in growing categories like health and quick-service dining. However, post-Hurricane Maria recovery has led to some tenant turnover, with challenges from economic pressures and competition from larger San Juan malls. The center\&quot;s 1990s river-themed renovation enhances appeal, but aging elements may require updates. Overall, it positions retailers for middle-market capture in a recovering economy, balancing convenience with community-oriented traffic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Marshalls Megastore, Caribbean Cinemas, TJ Maxx, Best Buy, Golden Corral, Pueblo Supermarkets, Chili&#39;s Grill \u0026 Bar, Walgreens, PetSmart&quot;,&quot;distance&quot;:1.14,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;90&quot;,&quot;gla_sqm&quot;:&quot;32516&quot;,&quot;anchor_tenants&quot;:&quot;Marshalls Megastore, Caribbean Cinemas, TJ Maxx, Best Buy, Golden Corral, Pueblo Supermarkets, Chili&#39;s Grill \u0026 Bar, Walgreens, PetSmart&quot;}},{&quot;id&quot;:8764,&quot;slug&quot;:&quot;centro-comercial-los-filtros&quot;,&quot;name&quot;:&quot;Centro Comercial Los Filtros&quot;,&quot;lat&quot;:&quot;18.38405&quot;,&quot;lng&quot;:&quot;-66.14086&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Los Filtros is a neighborhood shopping center located at PR-177 KM 2.0 in Bayamón, Puerto Rico, spanning 107,000 square feet of gross leasable area with over 450 parking spaces in Phase 1. Opened in early 2021 with a $20 million investment, it targets local residents from adjacent urbanizations and commuters along the busy PR-177 corridor, benefiting from proximity to Costco and high daily traffic volumes. The tenant mix focuses on essential retail and services, anchored by Supermax supermarket, which drives consistent footfall for daily shopping needs. Other occupants include Planet Fitness for fitness enthusiasts, dual pharmacies (Borinquen and Me Salve) for healthcare, quick-service restaurants like Chick-fil-A, McDonald\&quot;s, and Marco\&quot;s Pizza, beauty suppliers such as Sally Beauty and Cosmo Prof, financial services via Money Express, and specialty stores like Global Mattress and Hornofino clothing. This configuration supports convenience-oriented leasing, appealing to retailers serving middle-income households. In the broader Puerto Rico retail market as of 2025, the sector shows strength with 50 million square feet of space and a low 6.5% vacancy rate, though neighborhood centers like Los Filtros outperform traditional malls amid shifting consumer preferences toward accessible, everyday destinations. Leasing advantages include competitive rent levels estimated at $18-25 per square foot annually, based on regional averages for strip centers, and potential for Phase 2 expansion adding more space. However, challenges arise from Bayamón\&quot;s saturated retail landscape with over 15 competing plazas, including nearby Plaza Río Hondo and larger venues like Bayamón Central Park, which could dilute traffic. Accessibility via PR-177 provides good visibility but exposes the site to congestion risks during peak hours, while public transit options like nearby bus stops and the Tren Urbano station in Torrimar enhance reach for non-drivers. Overall, the property positions well for stable, low-risk operations in a family-dense area, but tenants should assess category-specific saturation in groceries and fast food.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Super Max; Planet Fitness; Chick-fil-A; McDonald&#39;s&quot;,&quot;distance&quot;:3.81,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;9943&quot;,&quot;anchor_tenants&quot;:&quot;Super Max; Planet Fitness; Chick-fil-A; McDonald&#39;s&quot;}},{&quot;id&quot;:8759,&quot;slug&quot;:&quot;plaza-del-parque-2&quot;,&quot;name&quot;:&quot;Plaza Del Parque&quot;,&quot;lat&quot;:&quot;18.40738&quot;,&quot;lng&quot;:&quot;-66.1628&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;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&#39;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\u0026M, which draw regional footfall. Puerto Rico&#39;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.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Wendy&#39;s, First Bank, T-Mobile&quot;,&quot;distance&quot;:0.56,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;743&quot;,&quot;anchor_tenants&quot;:&quot;Wendy&#39;s, First Bank, T-Mobile&quot;}}],&quot;secondary&quot;:[{&quot;id&quot;:8762,&quot;slug&quot;:&quot;vista-dorado&quot;,&quot;name&quot;:&quot;Vista Dorado&quot;,&quot;lat&quot;:&quot;18.4588&quot;,&quot;lng&quot;:&quot;-66.2677&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Vista Dorado, situated in the coastal city of Dorado, Puerto Rico, represents a contemporary mixed-use commercial development emphasizing retail and office opportunities. Positioned near PR-22 expressway for seamless access from San Juan (approximately 15 minutes away) and local communities, it caters to both residents and visitors. The tenant mix includes emerging retail spaces alongside office suites, with available pad sites for build-to-suit constructions up to 5,000 square feet, suitable for restaurants, services, and specialty stores. Dorado&#39;s demographic profile encompasses a population of about 13,200 individuals, median age of 44.5 years, and median household income of $43,460, bolstered by affluent neighborhoods and tourism from luxury resorts like Dorado Beach. In the broader Puerto Rico retail landscape, the property aligns with a market featuring 50 million square feet of space, 6.5% vacancy rate, and 5% year-over-year sales increase as of 2023. Leasing advantages encompass competitive rental structures, with ground leases at $7,000 monthly and built spaces at $12,500 for 5,000 sq ft (equating to $12-25 per sq ft NNN), flexible terms for new entrants, and potential for high visibility. Accessibility is enhanced by highway proximity, though public transport options are limited. Operational quality benefits from modern infrastructure, yet the developing tenant mix may require time to stabilize footfall, estimated at moderate levels driven by local traffic and seasonal tourism. Potential challenges include competition from nearby established centers like Plaza del Sol and Dorado del Mar, which host anchors such as supermarkets and quick-service eateries, alongside risks from economic volatility in Puerto Rico and occasional infrastructure strains during high tourist influx.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Dorado&quot;},&quot;anchor_tenants&quot;:&quot;Applebee&#39;s, Banco Popular, Popeyes&quot;,&quot;distance&quot;:12.35,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;6168&quot;,&quot;anchor_tenants&quot;:&quot;Applebee&#39;s, Banco Popular, Popeyes&quot;}},{&quot;id&quot;:8670,&quot;slug&quot;:&quot;plaza-las-americas-13&quot;,&quot;name&quot;:&quot;Plaza Las Américas&quot;,&quot;lat&quot;:&quot;18.4153108&quot;,&quot;lng&quot;:&quot;-66.0593509&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Las Américas, located in downtown Cancun, Quintana Roo, Mexico, on Avenida Tulum, stands as the city&#39;s largest shopping center, inaugurated in 1998 with subsequent expansions including residential towers for a mixed-use development. Spanning approximately 80,000 square meters of gross leasable area, it caters primarily to local residents rather than tourists, offering a diverse tenant mix that includes international fashion retailers such as H\u0026M, Zara, Pull \u0026 Bear, Bershka, Stradivarius, Forever 21, American Eagle, and Levi&#39;s, alongside essential services like a major supermarket, food court with local and chain eateries, and a Cinépolis cinema. The mall&#39;s market position is strong within Cancun&#39;s retail landscape, benefiting from the city&#39;s population of over 900,000 and proximity to residential supermanzanas, ensuring steady local footfall. Accessibility is favorable with multiple bus routes and ample parking, though traffic congestion in the urban core can be a drawback. In the broader Quintana Roo retail market, which saw a 5% growth in 2026 driven by tourism recovery and urban expansion, occupancy rates for similar centers hover around 90-95%, supported by rent levels of $20-35 per square meter monthly for prime locations. Leasing advantages include flexible terms for mid-sized retailers and opportunities in under-represented categories like electronics and health services. However, challenges arise from aging infrastructure in parts of the facility and intense competition from upscale tourist-oriented venues like La Isla Shopping Village, which may divert higher-spending visitors. Operational quality is adequate, with standard maintenance, but potential risks involve market saturation in apparel and economic sensitivity to tourism downturns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Juan&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, clothing stores&quot;,&quot;distance&quot;:10.78,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, clothing stores&quot;}},{&quot;id&quot;:2986,&quot;slug&quot;:&quot;plaza-dorada&quot;,&quot;name&quot;:&quot;Plaza Dorada&quot;,&quot;lat&quot;:&quot;18.4649392&quot;,&quot;lng&quot;:&quot;-66.2824596&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Dorada is a neighborhood shopping center located at Avenida José Efrón S/N, Higuillar, Dorado, Puerto Rico 00646, along PR-693 Km 8.5. It serves the local community in the affluent Dorado municipality, which has a population of approximately 15,000 residents and benefits from proximity to luxury resorts like Dorado Beach Ritz-Carlton, attracting both locals and tourists. The center spans an estimated 50,000-70,000 square feet, featuring a mix of essential retail, services, and dining options tailored to everyday needs. Key tenants include Starbucks for coffee and quick service, Banco Popular for banking, along with small fashion boutiques, local stores, and casual eateries offering Puerto Rican cuisine. The tenant mix emphasizes convenience with professional services, accessory shops, and clinics, achieving an estimated occupancy rate of 85-90% based on regional commercial real estate trends in Puerto Rico. Market position is as a community-oriented hub rather than a regional destination, with daily vehicle traffic exceeding 50,000 on nearby roads, supporting steady footfall of 1,500-3,000 visitors, primarily during lunch and evenings. Leasing advantages include flexible spaces for small to medium retailers, competitive rents around $12-18 per square foot annually, and build-to-suit opportunities up to 5,000 square feet at $7,000 monthly for ground leases. Accessibility is strong via PR-22 expressway, 15 minutes from San Juan, though public transport is limited, relying on personal vehicles. Operational quality is maintained with recent updates, but aging elements in surrounding infrastructure pose minor risks. Retail performance is influenced by Dorado&#39;s high median home values over $1.9 million and average household incomes exceeding $80,000 in upscale areas, driving demand for premium yet accessible shopping. Challenges include competition from larger centers like Doramar Plaza nearby, which offers more entertainment, and potential market saturation in services categories. Overall, it provides stable leasing for retailers targeting middle to upper-middle income demographics seeking low-risk entry into Puerto Rico&#39;s north coast market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Dorado&quot;},&quot;anchor_tenants&quot;:&quot;Gus Y Gus Restaurant, Local Shops&quot;,&quot;distance&quot;:14.05,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;20&quot;,&quot;gla_sqm&quot;:&quot;6000&quot;,&quot;anchor_tenants&quot;:&quot;Gus Y Gus Restaurant, Local Shops&quot;}},{&quot;id&quot;:5615,&quot;slug&quot;:&quot;plaza-las-americas-8&quot;,&quot;name&quot;:&quot;Plaza Las Américas&quot;,&quot;lat&quot;:&quot;18.4153108&quot;,&quot;lng&quot;:&quot;-66.0593509&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Las Américas, located in downtown Cancun, Quintana Roo, Mexico, on Avenida Tulum, stands as the city&#39;s largest shopping center, inaugurated in 1998 with subsequent expansions including residential towers for a mixed-use development. Spanning approximately 80,000 square meters of gross leasable area, it caters primarily to local residents rather than tourists, offering a diverse tenant mix that includes international fashion retailers such as H\u0026M, Zara, Pull \u0026 Bear, Bershka, Stradivarius, Forever 21, American Eagle, and Levi&#39;s, alongside essential services like a major supermarket, food court with local and chain eateries, and a Cinépolis cinema. The mall&#39;s market position is strong within Cancun&#39;s retail landscape, benefiting from the city&#39;s population of over 900,000 and proximity to residential supermanzanas, ensuring steady local footfall. Accessibility is favorable with multiple bus routes and ample parking, though traffic congestion in the urban core can be a drawback. In the broader Quintana Roo retail market, which saw a 5% growth in 2026 driven by tourism recovery and urban expansion, occupancy rates for similar centers hover around 90-95%, supported by rent levels of $20-35 per square meter monthly for prime locations. Leasing advantages include flexible terms for mid-sized retailers and opportunities in under-represented categories like electronics and health services. However, challenges arise from aging infrastructure in parts of the facility and intense competition from upscale tourist-oriented venues like La Isla Shopping Village, which may divert higher-spending visitors. Operational quality is adequate, with standard maintenance, but potential risks involve market saturation in apparel and economic sensitivity to tourism downturns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Juan&quot;},&quot;anchor_tenants&quot;:&quot;Monge, Payless, Radio Shack&quot;,&quot;distance&quot;:10.78,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Monge, Payless, Radio Shack&quot;}},{&quot;id&quot;:8782,&quot;slug&quot;:&quot;plaza-loiza&quot;,&quot;name&quot;:&quot;Plaza Loíza&quot;,&quot;lat&quot;:&quot;18.4492264&quot;,&quot;lng&quot;:&quot;-66.0445328&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Loíza is a modest neighborhood shopping center situated in the coastal municipality of Loíza, Puerto Rico, approximately 15 miles east of San Juan. Spanning about 40,000 square feet of gross leasable area, it primarily serves local residents and visitors to nearby beaches like Playa La Selva. The tenant mix emphasizes convenience retail, with anchors including a Plaza Loíza Supermarket occupying 15,000 square feet, a local pharmacy, a small hardware store, and several food vendors offering Puerto Rican specialties. According to commercial real estate reports from sources like the Puerto Rico Brokers Association, occupancy stands at around 82%, reflecting stable demand in this underserved area. Rent levels are modest at $18-24 per square foot on a triple net basis, making it attractive for small independent operators. Accessibility is facilitated by PR-187 highway, with 200 parking spaces available, though traffic can congestion during tourist seasons. The demographic profile features a population of 30,000 within a 5-mile radius, with a median household income of $24,000 and a high proportion of families (65% with children under 18), predominantly of Afro-Puerto Rican descent, fostering a culturally vibrant community. Market position is niche-focused on everyday essentials rather than destination shopping, benefiting from low competition in immediate vicinity but challenged by proximity to larger malls like Plaza Las Américas. Leasing advantages include flexible terms for short-term pop-ups and community events that boost footfall to 4,000-6,000 daily. Drawbacks encompass vulnerability to hurricanes, with past disruptions from events like Maria in 2017, and aging infrastructure requiring occasional maintenance. Overall, it suits retailers targeting budget-conscious locals and seasonal tourism without high overheads.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Loíza&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado Plaza Loíza&quot;,&quot;distance&quot;:13.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;9640&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado Plaza Loíza&quot;}},{&quot;id&quot;:2555,&quot;slug&quot;:&quot;plaza-las-americas-3&quot;,&quot;name&quot;:&quot;Plaza Las Américas&quot;,&quot;lat&quot;:&quot;18.4153108&quot;,&quot;lng&quot;:&quot;-66.0593509&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Las Américas, located in downtown Cancun, Quintana Roo, Mexico, on Avenida Tulum, stands as the city&#39;s largest shopping center, inaugurated in 1998 with subsequent expansions including residential towers for a mixed-use development. Spanning approximately 80,000 square meters of gross leasable area, it caters primarily to local residents rather than tourists, offering a diverse tenant mix that includes international fashion retailers such as H\u0026M, Zara, Pull \u0026 Bear, Bershka, Stradivarius, Forever 21, American Eagle, and Levi&#39;s, alongside essential services like a major supermarket, food court with local and chain eateries, and a Cinépolis cinema. The mall&#39;s market position is strong within Cancun&#39;s retail landscape, benefiting from the city&#39;s population of over 900,000 and proximity to residential supermanzanas, ensuring steady local footfall. Accessibility is favorable with multiple bus routes and ample parking, though traffic congestion in the urban core can be a drawback. In the broader Quintana Roo retail market, which saw a 5% growth in 2026 driven by tourism recovery and urban expansion, occupancy rates for similar centers hover around 90-95%, supported by rent levels of $20-35 per square meter monthly for prime locations. Leasing advantages include flexible terms for mid-sized retailers and opportunities in under-represented categories like electronics and health services. However, challenges arise from aging infrastructure in parts of the facility and intense competition from upscale tourist-oriented venues like La Isla Shopping Village, which may divert higher-spending visitors. Operational quality is adequate, with standard maintenance, but potential risks involve market saturation in apparel and economic sensitivity to tourism downturns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Juan&quot;},&quot;anchor_tenants&quot;:&quot;Local stores, supermarket&quot;,&quot;distance&quot;:10.78,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Local stores, supermarket&quot;}},{&quot;id&quot;:8794,&quot;slug&quot;:&quot;plaza-dorada-5&quot;,&quot;name&quot;:&quot;Plaza Dorada&quot;,&quot;lat&quot;:&quot;18.46463&quot;,&quot;lng&quot;:&quot;-66.28199&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Dorada is a neighborhood shopping center located at Avenida José Efrón S/N, Higuillar, Dorado, Puerto Rico 00646, along PR-693 Km 8.5. It serves the local community in the affluent Dorado municipality, which has a population of approximately 15,000 residents and benefits from proximity to luxury resorts like Dorado Beach Ritz-Carlton, attracting both locals and tourists. The center spans an estimated 50,000-70,000 square feet, featuring a mix of essential retail, services, and dining options tailored to everyday needs. Key tenants include Starbucks for coffee and quick service, Banco Popular for banking, along with small fashion boutiques, local stores, and casual eateries offering Puerto Rican cuisine. The tenant mix emphasizes convenience with professional services, accessory shops, and clinics, achieving an estimated occupancy rate of 85-90% based on regional commercial real estate trends in Puerto Rico. Market position is as a community-oriented hub rather than a regional destination, with daily vehicle traffic exceeding 50,000 on nearby roads, supporting steady footfall of 1,500-3,000 visitors, primarily during lunch and evenings. Leasing advantages include flexible spaces for small to medium retailers, competitive rents around $12-18 per square foot annually, and build-to-suit opportunities up to 5,000 square feet at $7,000 monthly for ground leases. Accessibility is strong via PR-22 expressway, 15 minutes from San Juan, though public transport is limited, relying on personal vehicles. Operational quality is maintained with recent updates, but aging elements in surrounding infrastructure pose minor risks. Retail performance is influenced by Dorado&#39;s high median home values over $1.9 million and average household incomes exceeding $80,000 in upscale areas, driving demand for premium yet accessible shopping. Challenges include competition from larger centers like Doramar Plaza nearby, which offers more entertainment, and potential market saturation in services categories. Overall, it provides stable leasing for retailers targeting middle to upper-middle income demographics seeking low-risk entry into Puerto Rico&#39;s north coast market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Dorado&quot;},&quot;anchor_tenants&quot;:&quot;Applebee&#39;s, Banco Popular, Doctors&#39; Center&quot;,&quot;distance&quot;:13.99,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;20&quot;,&quot;gla_sqm&quot;:&quot;6172&quot;,&quot;anchor_tenants&quot;:&quot;Applebee&#39;s, Banco Popular, Doctors&#39; Center&quot;}},{&quot;id&quot;:8786,&quot;slug&quot;:&quot;centro-comercial-sabana-grande&quot;,&quot;name&quot;:&quot;Centro Comercial Sabana Grande&quot;,&quot;lat&quot;:&quot;18.4528&quot;,&quot;lng&quot;:&quot;-66.0983&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Sabana Grande serves as a prominent open-air shopping district along the Sabana Grande Boulevard in San Juan, Puerto Rico, spanning approximately 1.5 kilometers of pedestrian-friendly walkway. Established as a key commercial hub since the early 20th century, it features over 200 retail outlets, including clothing stores, electronics shops, pharmacies, bookstores, and casual dining options, catering primarily to middle-income locals and budget-conscious tourists. The districts market position is that of an accessible, vibrant alternative to enclosed malls, benefiting from high visibility in the densely populated Santurce and Rí­o Piedras areas. Tenant mix emphasizes affordable fashion, household goods, and services like beauty salons and fast food, with anchors including national chains such as Walgreens and local independents. Leasing advantages include flexible short-term arrangements and lower entry barriers compared to upscale centers, with average rents ranging from $20 to $35 per square foot annually, per commercial real estate reports from 2023. Footfall averages 50,000 visitors weekly, driven by its central location near public transit, though it faces challenges from nearby competition like Plaza Las Américas and economic pressures post-hurricanes. Occupancy stands at around 85%, with strong demand for small-format spaces under 1,000 square feet. Accessibility is enhanced by AMA bus lines and proximity to the Luis Munoz Marín International Airport, 10 minutes away. Demographic profile includes urban millennials and families with median household income of $35,000, contributing to steady but seasonal traffic peaks during holidays. Operational quality varies, with recent revitalization efforts including street improvements and security enhancements by the municipality. Potential risks involve parking limitations and exposure to weather, alongside market saturation in low-end retail categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Juan&quot;},&quot;anchor_tenants&quot;:&quot;Walgreens, Farmacia Caridad, Local Boutiques&quot;,&quot;distance&quot;:8.05,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Walgreens, Farmacia Caridad, Local Boutiques&quot;}},{&quot;id&quot;:8871,&quot;slug&quot;:&quot;centro-comercial-plaza-del-toa-baja&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Del Toa Baja&quot;,&quot;lat&quot;:&quot;18.435&quot;,&quot;lng&quot;:&quot;-66.11&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza del Toa Baja is a neighborhood shopping center located in Toa Baja, Puerto Rico, along PR-2 in the Candelaria barrio, serving the local community of approximately 78,000 residents. The property features around 50,000 square feet of retail space in a single-story open-air format, with parking for over 200 vehicles. Tenant mix includes essential retailers such as a supermarket, pharmacy, bank branch, and local eateries, alongside services like a hair salon and auto parts store. Market position is as a convenience-oriented plaza, drawing daily footfall from nearby residential areas rather than regional shoppers. Occupancy stands at about 85%, reflecting stable demand for everyday needs amid Puerto Ricos retail recovery post-Hurricane Maria. Rent levels average $18 to $22 per square foot on a triple net basis, competitive for suburban locations. Accessibility is strong via PR-2 highway, with proximity to Route 22 for San Juan commutes, though traffic congestion during peak hours can impact visibility. Demographic profile targets middle-income families with median household income around $25,000, predominantly Hispanic population aged 25-54. Leasing advantages include flexible space configurations from 800 to 5,000 square feet, short-term options, and lower operating costs compared to enclosed malls. However, challenges include competition from larger centers like Cantón Mall in Bayamon, approximately 5 miles away, and occasional flooding risks in the coastal zone. Operational quality is adequate with recent facade updates, but aging infrastructure in common areas may require tenant contributions. Overall, it suits retailers focused on local loyalty and essential goods, with moderate sales potential of $300-$500 per square foot annually based on similar properties.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Toa Baja&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket, Pharmacy&quot;,&quot;distance&quot;:5.99,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket, Pharmacy&quot;}},{&quot;id&quot;:2550,&quot;slug&quot;:&quot;plaza-las-americas-2&quot;,&quot;name&quot;:&quot;Plaza Las Américas&quot;,&quot;lat&quot;:&quot;18.4217487&quot;,&quot;lng&quot;:&quot;-66.073848&quot;,&quot;property_type&quot;:&quot;Community&quot;,&quot;description&quot;:&quot;Plaza Las Américas, located in downtown Cancun, Quintana Roo, Mexico, on Avenida Tulum, stands as the city&#39;s largest shopping center, inaugurated in 1998 with subsequent expansions including residential towers for a mixed-use development. Spanning approximately 80,000 square meters of gross leasable area, it caters primarily to local residents rather than tourists, offering a diverse tenant mix that includes international fashion retailers such as H\u0026M, Zara, Pull \u0026 Bear, Bershka, Stradivarius, Forever 21, American Eagle, and Levi&#39;s, alongside essential services like a major supermarket, food court with local and chain eateries, and a Cinépolis cinema. The mall&#39;s market position is strong within Cancun&#39;s retail landscape, benefiting from the city&#39;s population of over 900,000 and proximity to residential supermanzanas, ensuring steady local footfall. Accessibility is favorable with multiple bus routes and ample parking, though traffic congestion in the urban core can be a drawback. In the broader Quintana Roo retail market, which saw a 5% growth in 2026 driven by tourism recovery and urban expansion, occupancy rates for similar centers hover around 90-95%, supported by rent levels of $20-35 per square meter monthly for prime locations. Leasing advantages include flexible terms for mid-sized retailers and opportunities in under-represented categories like electronics and health services. However, challenges arise from aging infrastructure in parts of the facility and intense competition from upscale tourist-oriented venues like La Isla Shopping Village, which may divert higher-spending visitors. Operational quality is adequate, with standard maintenance, but potential risks involve market saturation in apparel and economic sensitivity to tourism downturns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Juan&quot;},&quot;anchor_tenants&quot;:&quot;S-Mart, Cinepolis&quot;,&quot;distance&quot;:9.3,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;S-Mart, Cinepolis&quot;}},{&quot;id&quot;:8795,&quot;slug&quot;:&quot;la-plaza-mall-1&quot;,&quot;name&quot;:&quot;La Plaza Mall&quot;,&quot;lat&quot;:&quot;18.366&quot;,&quot;lng&quot;:&quot;-66.115&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;La Plaza Mall in Guaynabo, Puerto Rico, is a neighborhood shopping center spanning 210,455 square feet on PR-20, southwest of San Juan. Anchored by Amigo Supermarket, Burlington, Capri, Me Salve, and Planet Fitness, its tenant mix prioritizes grocery, discount retail, pharmacy, and fitness, catering to daily needs. Occupancy at 90% signals robust demand, aligning with Puerto Rico shopping centers 5% year-over-year sales growth in 2023. Serving Guaynabos affluent suburb with 89,000 residents and median income of $35,100, it draws middle-class families and commuters. Accessibility via major roads supports convenience, though metro traffic can hinder. Positioned as a local hub amid competition from San Patricio Plaza and Plaza Las Americas, it avoids regional draw but fosters loyalty. Leasing perks include $28 per square foot rents plus CAM and 10-year minimums for stability. Advantages encompass diverse essentials and renovation updates; drawbacks feature limited tourist traffic, economic vulnerabilities like hurricanes, and category saturation in basics. Operational aspects show solid management, moderate footfall from locals, and potential for health-focused expansions, making it viable for steady retail operations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Guaynabo&quot;},&quot;anchor_tenants&quot;:&quot;Amigo Supermarket, Burlington, Capri, Planet Fitness&quot;,&quot;distance&quot;:7.1,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;19550&quot;,&quot;anchor_tenants&quot;:&quot;Amigo Supermarket, Burlington, Capri, Planet Fitness&quot;}},{&quot;id&quot;:8792,&quot;slug&quot;:&quot;plaza-universitaria-1&quot;,&quot;name&quot;:&quot;Plaza Universitaria&quot;,&quot;lat&quot;:&quot;18.40522&quot;,&quot;lng&quot;:&quot;-66.052&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Universitaria is a compact retail center located at 3 Avenida Universidad in San Juan&#39;s Río Piedras district, directly adjacent to the University of Puerto Rico Río Piedras campus, which enrolls over 12,000 students. This positioning establishes it as a key service hub for the academic community, featuring approximately 20,000 square feet of leasable space across ground-level storefronts. The property benefits from high daily footfall estimated at 5,000-7,000 visitors, primarily students, faculty, and local residents, driven by its proximity to campus dormitories and academic buildings. Tenant mix emphasizes convenience-oriented retail, including fast-casual eateries, a pharmacy, convenience stores, and essential services like banking and printing shops, catering to the transient student demographic with quick-service needs. Market position within Puerto Rico&#39;s retail landscape, which totals about 50 million square feet with a 6.5% vacancy rate per JLL reports, highlights its niche as a neighborhood strip center rather than a regional mall. Occupancy stands at around 92%, supported by stable demand from university-related traffic. Rent levels average $18-25 per square foot on a triple net basis, competitive for the area and below the San Juan metro average of $25-35 per square foot. Accessibility is strong via the Universidad Tren Urbano station just 0.2 miles away, multiple bus lines, and pedestrian paths from campus, enhancing visibility and convenience. Leasing advantages include a captive audience with consistent weekday traffic, lower operational costs due to smaller scale, and opportunities for pop-up or seasonal tenants targeting back-to-school periods. However, the center faces challenges from Puerto Rico&#39;s economic volatility, including a 10% youth unemployment rate and occasional disruptions from university strikes or events. Infrastructure is functional but shows signs of wear from high usage, with no major recent renovations noted. Overall, it suits retailers focused on affordable, everyday essentials rather than luxury or high-volume sales, with sales per square foot averaging $400-500 annually, aligned with neighborhood center benchmarks from ICSC data.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Juan&quot;},&quot;anchor_tenants&quot;:&quot;Quiznos, local student shops, fast food outlets&quot;,&quot;distance&quot;:11.57,&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;Quiznos, local student shops, fast food outlets&quot;}},{&quot;id&quot;:8757,&quot;slug&quot;:&quot;san-patricio-plaza&quot;,&quot;name&quot;:&quot;San Patricio Plaza&quot;,&quot;lat&quot;:&quot;18.4094&quot;,&quot;lng&quot;:&quot;-66.105&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;San Patricio Plaza is a 640,000 square foot three-level enclosed shopping mall located in Guaynabo, Puerto Rico, at the intersection of PR-2, PR-23, and PR-20, providing strong accessibility via major highways connecting to San Juan metropolitan area. Opened in 1964, it has undergone multiple expansions and renovations, including a $4 million modernization in 2018 post-Hurricane Maria and a $12 million Liberty Square outdoor addition completed in 2023, replacing the former Kmart space with new retail and entertainment options. The property is owned by Empresas Caparra and features over 120 stores across diverse categories. Anchor tenants include TJ Maxx, Capri department store, Walgreens, PetSmart, Caribbean Cinemas with VIP seating, Office Depot, and the recently opened Burlington in 2024. Tenant mix emphasizes mid-tier retail with department stores, pharmacies, pet supplies, cinemas, office products, specialty shops, and dining options like Olive Garden and McDonald&#39;s, alongside a food court. Market position as a neighborhood and regional draw in affluent Guaynabo, benefiting from Puerto Rico&#39;s retail sector recovery with 5% year-over-year sales growth in 2023 and overall island vacancy at 6.5% in early 2025. Occupancy stands at 90%, reflecting stable demand amid shifts toward experiential retail. Leasing advantages include competitive mid-tier rents in the low to mid-$50s per square foot annually, proximity to a high-income demographic, and ongoing investments enhancing footfall through events like annual St. Patrick&#39;s Day celebrations and a 60th anniversary exhibition in 2025. However, challenges include historical economic vulnerabilities, competition from larger malls like Plaza Las Americas, and adaptation to anchor closures such as Bed Bath \u0026 Beyond in 2023. The surrounding area supports steady traffic with good parking for over 2,000 vehicles and pedestrian bridges for safety.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Guaynabo&quot;},&quot;anchor_tenants&quot;:&quot;T.J. Maxx, Capri, Walgreens, PetSmart&quot;,&quot;distance&quot;:5.96,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;55000&quot;,&quot;anchor_tenants&quot;:&quot;T.J. Maxx, Capri, Walgreens, PetSmart&quot;}},{&quot;id&quot;:8781,&quot;slug&quot;:&quot;centro-comercial-dorado-del-mar&quot;,&quot;name&quot;:&quot;Centro Comercial Dorado Del Mar&quot;,&quot;lat&quot;:&quot;18.4588&quot;,&quot;lng&quot;:&quot;-66.2677&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Dorado del Mar is a neighborhood shopping center located at PR-696, KM 8, in Dorado, Puerto Rico, spanning 137,944 square feet across three inline buildings, six freestanding units, and an anchor space. It serves the local community in an affluent coastal municipality known for its resorts and high-income residents. The property maintains 100% occupancy with 33 tenants, featuring a balanced tenant mix of national chains and local businesses. The anchor tenant, SuperMax supermarket occupying 40,601 square feet, drives consistent foot traffic, complemented by quick-service restaurants like KFC, Burger King, Taco Bell, and Pizza Hut, auto services such as Advance Auto and Enterprise, and beauty retailer Sally&#39;s Beauty. Other tenants include Baskin-Robbins and various specialty stores. Positioned in Puerto Rico&#39;s robust retail market, which reports a low 6.5% vacancy rate across 50 million square feet of space as of mid-2025, the center benefits from stable demand in the San Juan metropolitan area, approximately 20 minutes away. Accessibility is favorable via PR-2 and PR-696 highways, with ample parking, though occasional traffic congestion occurs during peak hours. Leasing advantages include predictable income from fully leased spaces, proximity to Dorado&#39;s demographics of 13,200 residents with median household income around $43,000 and a median age of 44.5, supporting everyday retail needs. However, broader Puerto Rico economic factors, including post-hurricane recovery and tourism fluctuations, influence performance. Rent levels align with island averages at about $24 per square foot annually, offering competitive terms for small-format retailers. The center&#39;s operational quality is solid, with no reported major infrastructure issues, though competition from larger regional malls like Plaza del Sol in nearby Bayamon poses risks for category overlap in groceries and dining.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Dorado&quot;},&quot;anchor_tenants&quot;:&quot;SuperMax, Advance Auto, KFC, Burger King, Taco Bell, Pizza Hut&quot;,&quot;distance&quot;:12.35,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;12815&quot;,&quot;anchor_tenants&quot;:&quot;SuperMax, Advance Auto, KFC, Burger King, Taco Bell, Pizza Hut&quot;}},{&quot;id&quot;:8888,&quot;slug&quot;:&quot;centro-comercial-plaza-del-toa&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Del Toa&quot;,&quot;lat&quot;:&quot;18.3883&quot;,&quot;lng&quot;:&quot;-66.2482&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza Del Toa is a small neighborhood strip mall situated on PR-829 Km 2.7 in Barrio Pinas, Toa Alta, Puerto Rico, catering primarily to the local residential community. The center spans an estimated modest footprint suitable for community-level retail, featuring a diverse tenant mix that includes essential services and everyday shopping options such as supermarkets, local restaurants like Gigis Grill House and Mexican eateries, party supply stores, dental clinics, and fitness gyms. This composition supports convenience-oriented shopping for families in the surrounding areas of Toa Alta Heights. In the broader context of Puerto Ricos retail landscape, which encompasses approximately 50 million square feet of space with a low overall vacancy rate of 6.5 percent, Plaza Del Toa holds a position as a supplementary local venue rather than a destination mall. Footfall is generated by the nearby population of about 66,500 residents, with median household income at $33,349 and median age of 41.7 years, driving demand for affordable, practical retail. Accessibility is facilitated by the centers location along a key local road, offering ample parking but limited public transit options. Occupancy levels appear stable with multiple active tenants, though precise data is scarce for such smaller properties. Leasing advantages include relatively low rent pressures in this secondary market, making it attractive for independent operators and small chains focusing on value-driven categories. However, challenges encompass competition from nearby mini-malls like Toa Linda and larger regional centers such as Plaza Rio Hondo, potential market saturation in food and personal services, and exposure to Puerto Ricos economic volatilities including post-hurricane recovery and tourism fluctuations. Operational quality is adequate for neighborhood needs, but aging infrastructure could pose maintenance risks, and the lack of major anchors limits draw from beyond the immediate area.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Toa Alta&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, pharmacy&quot;,&quot;distance&quot;:9.53,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarket, pharmacy&quot;}},{&quot;id&quot;:3460,&quot;slug&quot;:&quot;plaza-las-americas-4&quot;,&quot;name&quot;:&quot;Plaza Las Américas&quot;,&quot;lat&quot;:&quot;18.4217487&quot;,&quot;lng&quot;:&quot;-66.073848&quot;,&quot;property_type&quot;:&quot;Community&quot;,&quot;description&quot;:&quot;Plaza Las Américas, located in downtown Cancun, Quintana Roo, Mexico, on Avenida Tulum, stands as the city&#39;s largest shopping center, inaugurated in 1998 with subsequent expansions including residential towers for a mixed-use development. Spanning approximately 80,000 square meters of gross leasable area, it caters primarily to local residents rather than tourists, offering a diverse tenant mix that includes international fashion retailers such as H\u0026M, Zara, Pull \u0026 Bear, Bershka, Stradivarius, Forever 21, American Eagle, and Levi&#39;s, alongside essential services like a major supermarket, food court with local and chain eateries, and a Cinépolis cinema. The mall&#39;s market position is strong within Cancun&#39;s retail landscape, benefiting from the city&#39;s population of over 900,000 and proximity to residential supermanzanas, ensuring steady local footfall. Accessibility is favorable with multiple bus routes and ample parking, though traffic congestion in the urban core can be a drawback. In the broader Quintana Roo retail market, which saw a 5% growth in 2026 driven by tourism recovery and urban expansion, occupancy rates for similar centers hover around 90-95%, supported by rent levels of $20-35 per square meter monthly for prime locations. Leasing advantages include flexible terms for mid-sized retailers and opportunities in under-represented categories like electronics and health services. However, challenges arise from aging infrastructure in parts of the facility and intense competition from upscale tourist-oriented venues like La Isla Shopping Village, which may divert higher-spending visitors. Operational quality is adequate, with standard maintenance, but potential risks involve market saturation in apparel and economic sensitivity to tourism downturns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Juan&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Sam&#39;s Club, Office Depot, Cinépolis&quot;,&quot;distance&quot;:9.3,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Sam&#39;s Club, Office Depot, Cinépolis&quot;}},{&quot;id&quot;:8765,&quot;slug&quot;:&quot;the-outlets-at-montehiedra&quot;,&quot;name&quot;:&quot;The Outlets At Montehiedra&quot;,&quot;lat&quot;:&quot;18.3392&quot;,&quot;lng&quot;:&quot;-66.0681&quot;,&quot;property_type&quot;:&quot;Outlet&quot;,&quot;description&quot;:&quot;The Outlets at Montehiedra is an enclosed, one-level outlet shopping center located at 9410 Avenue Los Romero in San Juan, Puerto Rico, approximately 6 miles south of downtown. Opened in 1994 as Montehiedra Town Center and converted to an outlet format in 2016 with a $20 million investment, it spans 531,731 square feet on 55.4 acres, featuring over 100 local and national tenants. Key anchors include Marshalls Mega Store (52,460 sq ft), Home Depot (110,241 sq ft outparcel), Burlington (32,908 sq ft, opened 2024 replacing Tiendas Capri), Old Navy (14,744 sq ft), and a 14-screen Caribbean Cinemas with IMAX and 4DX (50,000 sq ft). Upcoming additions in former Kmart space (closed 2021) are Ralph&#39;s Food Warehouse (64,499 sq ft) and Urology Hub medical office (20,454 sq ft total), addressing local gaps in grocery and healthcare services. Tenant mix emphasizes value-oriented retail with outlets like Nike Factory Store (13,150 sq ft), Gap Outlet (7,508 sq ft), Polo Ralph Lauren, Guess Factory Outlet, Skechers, Puma, and Nautica (4,372 sq ft); dining options include Chili&#39;s Grill \u0026 Bar (6,370 sq ft), Romano&#39;s Macaroni Grill (7,000 sq ft), IHOP (4,929 sq ft), and an El Patio Food Court with Panda Express, KFC, and Starbucks. Outparcels host Walgreens (10,305 sq ft) and Arby&#39;s (2,400 sq ft drive-thru). As the only outlet mall in the San Juan metro area, it serves an underserved mid-to-southern residential zone with family demographics, benefiting from Puerto Rico&#39;s retail market recovery with low 6.5% vacancy and pre-pandemic sales levels in 2023. Leasing advantages include strong anchor draw, increased weekday foot traffic post-conversion (significant shopper uptick reported in 2017), and nearly full historical occupancy (89.1% in 2004, near 100% in 2017), supporting sales approaching $500 per sq ft in small stores historically. However, challenges involve recent anchor closures (Kmart 2021, Capri 2024), aging infrastructure from 1994 build, and competition from larger malls like Plaza Las Americas, potentially impacting apparel category saturation amid economic pressures in Puerto Rico.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Juan&quot;},&quot;anchor_tenants&quot;:&quot;Marshalls Mega Store, Home Depot, Caribbean Cinemas, T.J. Maxx, Ralph&#39;s Food Warehouse, Urology Hub of Puerto Rico&quot;,&quot;distance&quot;:12.76,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;48056&quot;,&quot;anchor_tenants&quot;:&quot;Marshalls Mega Store, Home Depot, Caribbean Cinemas, T.J. Maxx, Ralph&#39;s Food Warehouse, Urology Hub of Puerto Rico&quot;}},{&quot;id&quot;:8751,&quot;slug&quot;:&quot;plaza-las-americas-14&quot;,&quot;name&quot;:&quot;Plaza Las Américas&quot;,&quot;lat&quot;:&quot;18.4222&quot;,&quot;lng&quot;:&quot;-66.0717&quot;,&quot;property_type&quot;:&quot;Super Regional&quot;,&quot;description&quot;:&quot;Plaza Las Américas, located in downtown Cancun, Quintana Roo, Mexico, on Avenida Tulum, stands as the city&#39;s largest shopping center, inaugurated in 1998 with subsequent expansions including residential towers for a mixed-use development. Spanning approximately 80,000 square meters of gross leasable area, it caters primarily to local residents rather than tourists, offering a diverse tenant mix that includes international fashion retailers such as H\u0026M, Zara, Pull \u0026 Bear, Bershka, Stradivarius, Forever 21, American Eagle, and Levi&#39;s, alongside essential services like a major supermarket, food court with local and chain eateries, and a Cinépolis cinema. The mall&#39;s market position is strong within Cancun&#39;s retail landscape, benefiting from the city&#39;s population of over 900,000 and proximity to residential supermanzanas, ensuring steady local footfall. Accessibility is favorable with multiple bus routes and ample parking, though traffic congestion in the urban core can be a drawback. In the broader Quintana Roo retail market, which saw a 5% growth in 2026 driven by tourism recovery and urban expansion, occupancy rates for similar centers hover around 90-95%, supported by rent levels of $20-35 per square meter monthly for prime locations. Leasing advantages include flexible terms for mid-sized retailers and opportunities in under-represented categories like electronics and health services. However, challenges arise from aging infrastructure in parts of the facility and intense competition from upscale tourist-oriented venues like La Isla Shopping Village, which may divert higher-spending visitors. Operational quality is adequate, with standard maintenance, but potential risks involve market saturation in apparel and economic sensitivity to tourism downturns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Juan&quot;},&quot;anchor_tenants&quot;:&quot;JCPenney, Macy&#39;s, Old Navy, Caribbean Cinemas, Marshalls&quot;,&quot;distance&quot;:9.53,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;JCPenney, Macy&#39;s, Old Navy, Caribbean Cinemas, Marshalls&quot;}},{&quot;id&quot;:5835,&quot;slug&quot;:&quot;plaza-las-americas-9&quot;,&quot;name&quot;:&quot;Plaza Las Américas&quot;,&quot;lat&quot;:&quot;18.4153108&quot;,&quot;lng&quot;:&quot;-66.0593509&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Las Américas, located in downtown Cancun, Quintana Roo, Mexico, on Avenida Tulum, stands as the city&#39;s largest shopping center, inaugurated in 1998 with subsequent expansions including residential towers for a mixed-use development. Spanning approximately 80,000 square meters of gross leasable area, it caters primarily to local residents rather than tourists, offering a diverse tenant mix that includes international fashion retailers such as H\u0026M, Zara, Pull \u0026 Bear, Bershka, Stradivarius, Forever 21, American Eagle, and Levi&#39;s, alongside essential services like a major supermarket, food court with local and chain eateries, and a Cinépolis cinema. The mall&#39;s market position is strong within Cancun&#39;s retail landscape, benefiting from the city&#39;s population of over 900,000 and proximity to residential supermanzanas, ensuring steady local footfall. Accessibility is favorable with multiple bus routes and ample parking, though traffic congestion in the urban core can be a drawback. In the broader Quintana Roo retail market, which saw a 5% growth in 2026 driven by tourism recovery and urban expansion, occupancy rates for similar centers hover around 90-95%, supported by rent levels of $20-35 per square meter monthly for prime locations. Leasing advantages include flexible terms for mid-sized retailers and opportunities in under-represented categories like electronics and health services. However, challenges arise from aging infrastructure in parts of the facility and intense competition from upscale tourist-oriented venues like La Isla Shopping Village, which may divert higher-spending visitors. Operational quality is adequate, with standard maintenance, but potential risks involve market saturation in apparel and economic sensitivity to tourism downturns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Juan&quot;},&quot;anchor_tenants&quot;:&quot;Local retailers, Caffeniio&quot;,&quot;distance&quot;:10.78,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Local retailers, Caffeniio&quot;}},{&quot;id&quot;:5507,&quot;slug&quot;:&quot;plaza-las-americas-7&quot;,&quot;name&quot;:&quot;Plaza Las Américas&quot;,&quot;lat&quot;:&quot;18.4153108&quot;,&quot;lng&quot;:&quot;-66.0593509&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Las Américas, located in downtown Cancun, Quintana Roo, Mexico, on Avenida Tulum, stands as the city&#39;s largest shopping center, inaugurated in 1998 with subsequent expansions including residential towers for a mixed-use development. Spanning approximately 80,000 square meters of gross leasable area, it caters primarily to local residents rather than tourists, offering a diverse tenant mix that includes international fashion retailers such as H\u0026M, Zara, Pull \u0026 Bear, Bershka, Stradivarius, Forever 21, American Eagle, and Levi&#39;s, alongside essential services like a major supermarket, food court with local and chain eateries, and a Cinépolis cinema. The mall&#39;s market position is strong within Cancun&#39;s retail landscape, benefiting from the city&#39;s population of over 900,000 and proximity to residential supermanzanas, ensuring steady local footfall. Accessibility is favorable with multiple bus routes and ample parking, though traffic congestion in the urban core can be a drawback. In the broader Quintana Roo retail market, which saw a 5% growth in 2026 driven by tourism recovery and urban expansion, occupancy rates for similar centers hover around 90-95%, supported by rent levels of $20-35 per square meter monthly for prime locations. Leasing advantages include flexible terms for mid-sized retailers and opportunities in under-represented categories like electronics and health services. However, challenges arise from aging infrastructure in parts of the facility and intense competition from upscale tourist-oriented venues like La Isla Shopping Village, which may divert higher-spending visitors. Operational quality is adequate, with standard maintenance, but potential risks involve market saturation in apparel and economic sensitivity to tourism downturns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Juan&quot;},&quot;anchor_tenants&quot;:&quot;La Merenda, Five Paws Pet Studio&quot;,&quot;distance&quot;:10.78,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;La Merenda, Five Paws Pet Studio&quot;}},{&quot;id&quot;:8756,&quot;slug&quot;:&quot;the-mall-of-san-juan&quot;,&quot;name&quot;:&quot;The Mall Of San Juan&quot;,&quot;lat&quot;:&quot;18.41209&quot;,&quot;lng&quot;:&quot;-66.024385&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;The Mall of San Juan is an upscale shopping center in San Juan, Puerto Rico, spanning 650,000 square feet across three levels, located at 1000 The Mall of San Juan Boulevard adjacent to the San José Lagoon and near the Teodoro Moscoso Bridge and Luis Muñoz Marín International Airport. Opened in 2015 and managed by Simon Property Group, it positions itself as the premier luxury retail and dining destination for Puerto Rico and the Caribbean, featuring over 100 stores with 45 brands exclusive to the island. The tenant mix emphasizes high-end fashion and accessories from brands like Louis Vuitton, Bvlgari, TAG Heuer, Golden Goose, Zara, and Anthropologie, complemented by dining options such as Il Nuovo Mercato and recreational amenities including indoor pickleball courts. Originally anchored by Nordstrom and Saks Fifth Avenue, both stores closed following Hurricane Maria in 2017 and the COVID-19 pandemic in 2020, with spaces repurposed into a television studio and a children&#39;s entertainment center. Accessibility is strong via major roadways and proximity to the airport, supported by 3,000 parking spaces, though bridge traffic can pose challenges. The San Juan metropolitan area serves a population of approximately 2.5 million, representing two-thirds of Puerto Rico&#39;s 3.7 million residents, with a demographic profile blending affluent locals, tourists, and recent mainland U.S. migrants drawn by tax incentives. Puerto Rico&#39;s retail market remains robust with a 6.5% vacancy rate and 50 million square feet of space as of mid-2025, but the mall faces saturation in luxury segments amid economic recovery. Leasing advantages include exposure to high-spending visitors and exclusive brand synergies, with potential for strong sales per square foot in niche categories, though risks from anchor vacancies and competition from larger malls like Plaza Las Américas, which draws mass-market footfall, could impact performance. Operational quality is high with modern infrastructure, but aging elements post-hurricanes require ongoing maintenance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Juan&quot;},&quot;anchor_tenants&quot;:&quot;Formerly Nordstrom, Saks Fifth Avenue; Current luxury brands including Louis Vuitton, Gucci&quot;,&quot;distance&quot;:14.46,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;60000&quot;,&quot;anchor_tenants&quot;:&quot;Formerly Nordstrom, Saks Fifth Avenue; Current luxury brands including Louis Vuitton, Gucci&quot;}}],&quot;outside&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;:17.89,&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;: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;:17.8,&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;:25.2,&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;:8779,&quot;slug&quot;:&quot;centro-comercial-naranjito&quot;,&quot;name&quot;:&quot;Centro Comercial Naranjito&quot;,&quot;lat&quot;:&quot;18.250685&quot;,&quot;lng&quot;:&quot;-66.303659&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Naranjito, also known as Naranjito Shopping Village, is a retail center located in Naranjito, Puerto Rico, at the intersection of major roads PR-152 and PR-164, providing high visibility and accessibility to local residents. The property spans 21,668 square meters of land with a building area of 59,170 square feet and offers 450 parking spaces. It features a diverse tenant mix including local businesses, national retailers, and an anchored store, catering to everyday shopping needs such as groceries, apparel, pharmacy, and services. The center maintains a high occupancy rate of 98 percent with long-term leases to creditworthy tenants, ensuring stable revenue streams. In the context of Puerto Ricos retail market, which has faced challenges from economic downturns and natural disasters like Hurricane Maria in 2017, this property benefits from its position in a community with steady population and growing consumer spending in suburban areas. Naranjito, a municipality of approximately 29,200 residents, has a median household income of around $21,400, indicating a price-sensitive demographic that favors value-oriented retail. Leasing advantages include competitive rent levels suited to small-to-medium retailers, value-add opportunities through potential expansions or upgrades, and proximity to residential neighborhoods driving consistent footfall. However, the centers performance is influenced by regional factors such as limited tourism draw and competition from larger malls in nearby Bayamon and Toa Alta. Operational quality is supported by modern amenities and landscaping, though infrastructure resilience remains a concern in a hurricane-prone region. Overall, it serves as a neighborhood hub with potential for steady, low-risk leasing in a stable local market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Naranjito&quot;},&quot;anchor_tenants&quot;:&quot;Local retailers, Fast food restaurant&quot;,&quot;distance&quot;:23.41,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;15&quot;,&quot;gla_sqm&quot;:&quot;5497&quot;,&quot;anchor_tenants&quot;:&quot;Local retailers, Fast food restaurant&quot;}},{&quot;id&quot;:8797,&quot;slug&quot;:&quot;plaza-cayey&quot;,&quot;name&quot;:&quot;Plaza Cayey&quot;,&quot;lat&quot;:&quot;18.0786&quot;,&quot;lng&quot;:&quot;-66.1653&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Cayey is a regional shopping center located at 8000 Ave Jesus T. Piñero in Cayey, Puerto Rico, serving the central mountainous region with a total gross leasable area estimated at approximately 150,000 square feet. Anchored by Walmart as the primary draw, the property features a mix of national and local retailers including Foot Locker, Bakers footwear, 5-7-9 clothing, Me Salve jewelry, and La Gran Via restaurant, alongside outparcels with Caribbean Cinemas, fast-food outlets like Arby\&quot;s, Burger King, Church\&quot;s Chicken, and services such as AT\u0026T and Papa John\&quot;s. The tenant mix emphasizes value-oriented apparel, footwear, accessories, dining, and entertainment, catering to everyday shopping needs. In the broader Puerto Rico retail market, which encompasses about 50 million square feet of space with a low 6.5% vacancy rate as of 2025, Plaza Cayey holds a stable position in a secondary market, benefiting from high regional occupancy at 92% and a 5% year-over-year sales increase across island shopping centers in 2023. Accessibility is supported by proximity to major highways like PR-52, facilitating traffic from nearby municipalities, though the mountainous terrain may limit broader draw. Leasing advantages include competitive base rents averaging around $19 per square foot for similar properties, strong anchor traffic from Walmart driving footfall, and opportunities in available spaces totaling over 3,500 square feet for pop-ups or category expansions. However, challenges arise from economic pressures in Puerto Rico, including lower median incomes and post-hurricane recovery dynamics affecting consumer spending. The center\&quot;s operational quality is maintained by Retail Value Inc., with seasonal garden areas enhancing appeal. Overall, it offers balanced potential for retailers targeting middle-income families, but requires evaluation of local saturation in apparel and food categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Cayey&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Walgreens, Caribbean Cinemas&quot;,&quot;distance&quot;:37.1,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;29155&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Walgreens, Caribbean Cinemas&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;:25.94,&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;:8760,&quot;slug&quot;:&quot;plaza-carolina-1&quot;,&quot;name&quot;:&quot;Plaza Carolina&quot;,&quot;lat&quot;:&quot;18.3925&quot;,&quot;lng&quot;:&quot;-65.97444&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza Carolina is an enclosed regional shopping mall located in Carolina, Puerto Rico, at the intersection of State Road 3 and State Road 26, approximately 10 miles east of San Juan. As the second largest mall in Puerto Rico, it spans about 1.1 million square feet of gross leasable area and houses over 240 stores, including anchors such as JCPenney, Marshalls, and Walmart Supercenter, alongside a diverse tenant mix featuring fashion retailers like Forever 21, H\u0026M, and Victoria&#39;s Secret; beauty and accessories stores including Bath \u0026 Body Works and Sephora; dining options from quick-service eateries to sit-down restaurants like Chili&#39;s and Olive Garden; and entertainment venues such as a Cinemark theater. The mall serves a primary trade area population of around 250,000 within a 10-mile radius, drawing from middle-income families in Carolina and nearby municipalities, with a median household income of approximately $35,000 and a focus on value-oriented shopping. Accessibility is strong via major highways, public transportation, and proximity to Luis Munoz Marin International Airport, though traffic congestion during peak hours can impact access. Market position remains solid in Puerto Rico&#39;s retail landscape, where the overall sector shows resilience with low vacancy rates around 6.5% as of mid-2025, supported by tourism recovery and local consumer spending. Leasing advantages include competitive base rents averaging $25-30 per square foot on a triple net basis, flexible lease terms for emerging brands, and opportunities for co-tenancy with high-traffic anchors that drive footfall estimated at 10-12 million annual visitors. However, challenges include economic volatility in Puerto Rico, influenced by federal policies and natural disaster risks, as well as saturation in the San Juan metro area with competing centers. The tenant mix emphasizes affordable fashion, family entertainment, and food, aligning with demographic preferences but facing pressure from e-commerce and open-air lifestyle centers. Operational quality is maintained by Simon Property Group, with recent investments in renovations to modernize common areas and enhance digital integration for shopper engagement. Overall, Plaza Carolina offers stable performance for retailers targeting Hispanic and bilingual consumers seeking convenience and variety, though success depends on adapting to shifting retail trends like experiential offerings to counter online competition.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Carolina&quot;},&quot;anchor_tenants&quot;:&quot;JCPenney, TJ Maxx, Caribbean Cinemas, Burlington&quot;,&quot;distance&quot;:19.85,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;161&quot;,&quot;gla_sqm&quot;:&quot;107593&quot;,&quot;anchor_tenants&quot;:&quot;JCPenney, TJ Maxx, Caribbean Cinemas, Burlington&quot;}},{&quot;id&quot;:8773,&quot;slug&quot;:&quot;centro-comercial-guayama&quot;,&quot;name&quot;:&quot;Centro Comercial Guayama&quot;,&quot;lat&quot;:&quot;17.9841&quot;,&quot;lng&quot;:&quot;-66.1138&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Centro Comercial Guayama is a mid-sized regional shopping center located on Carretera 3 Km 134.7 in Guayama, Puerto Rico, with a gross leasable area of approximately 37,522 square meters. It serves the local population of Guayama, a municipality with around 36,000 residents, and draws from surrounding southeast coastal communities including Salinas and Santa Isabel, totaling a trade area of over 100,000 people. The tenant mix features anchor stores such as Marshalls for apparel and home goods, Supermercado Econo for groceries, Caribbean Cinemas with six screens for entertainment, and other retailers like Pepe Ganga for discount fashion, CESCO auto parts, and various specialty shops including jewelry and local services. Outparcels include McDonald&#39;s and Banco Popular, enhancing convenience. The center benefits from its position on a major highway providing good accessibility for vehicular traffic, though public transit options are limited in this rural area. Market positionally, it functions as the primary retail hub for the region, with occupancy rates estimated at 85-90% based on broader Puerto Rico retail trends showing low vacancy of 6.5% in 2025. Leasing advantages include competitive rent levels averaging $15-25 per square foot annually, adjusted for location, and a diverse mix that supports steady footfall from daily shoppers and weekend entertainment seekers. However, challenges include seasonal fluctuations due to hurricane risks and economic pressures from Puerto Rico&#39;s recovery post-2017 storms, potentially impacting consumer spending. Retail sales per square foot hover around $300-400, below San Juan averages but stable for secondary markets. The center&#39;s operational quality is solid with modern infrastructure updates post-2020, though aging elements in some areas may require future investment. Overall, it offers balanced opportunities for retailers targeting value-oriented consumers in a less saturated market compared to metro areas.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Guayama&quot;},&quot;anchor_tenants&quot;:&quot;Econo, Burlington, Ross Dress for Less, Marshalls, Caribbean Cinemas&quot;,&quot;distance&quot;:47.87,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;37522&quot;,&quot;anchor_tenants&quot;:&quot;Econo, Burlington, Ross Dress for Less, Marshalls, Caribbean Cinemas&quot;}},{&quot;id&quot;:8798,&quot;slug&quot;:&quot;plaza-loiza-1&quot;,&quot;name&quot;:&quot;Plaza Loíza&quot;,&quot;lat&quot;:&quot;18.4253&quot;,&quot;lng&quot;:&quot;-65.9236&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Loíza is a modest neighborhood shopping center situated in the coastal municipality of Loíza, Puerto Rico, approximately 15 miles east of San Juan. Spanning about 40,000 square feet of gross leasable area, it primarily serves local residents and visitors to nearby beaches like Playa La Selva. The tenant mix emphasizes convenience retail, with anchors including a Plaza Loíza Supermarket occupying 15,000 square feet, a local pharmacy, a small hardware store, and several food vendors offering Puerto Rican specialties. According to commercial real estate reports from sources like the Puerto Rico Brokers Association, occupancy stands at around 82%, reflecting stable demand in this underserved area. Rent levels are modest at $18-24 per square foot on a triple net basis, making it attractive for small independent operators. Accessibility is facilitated by PR-187 highway, with 200 parking spaces available, though traffic can congestion during tourist seasons. The demographic profile features a population of 30,000 within a 5-mile radius, with a median household income of $24,000 and a high proportion of families (65% with children under 18), predominantly of Afro-Puerto Rican descent, fostering a culturally vibrant community. Market position is niche-focused on everyday essentials rather than destination shopping, benefiting from low competition in immediate vicinity but challenged by proximity to larger malls like Plaza Las Américas. Leasing advantages include flexible terms for short-term pop-ups and community events that boost footfall to 4,000-6,000 daily. Drawbacks encompass vulnerability to hurricanes, with past disruptions from events like Maria in 2017, and aging infrastructure requiring occasional maintenance. Overall, it suits retailers targeting budget-conscious locals and seasonal tourism without high overheads.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Loíza&quot;},&quot;anchor_tenants&quot;:&quot;Supermercados Plaza Loíza&quot;,&quot;distance&quot;:25.13,&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;Supermercados Plaza Loíza&quot;}},{&quot;id&quot;:8767,&quot;slug&quot;:&quot;rio-grande-plaza&quot;,&quot;name&quot;:&quot;Rio Grande Plaza&quot;,&quot;lat&quot;:&quot;18.3802&quot;,&quot;lng&quot;:&quot;-65.8313&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Rio Grande Plaza is a 136,351 square foot open-air neighborhood shopping center located at 1500 Route 47 South in Rio Grande, New Jersey, within Cape May County and the Atlantic City-Hammonton metropolitan area. Anchored by ShopRite, the center features a diverse tenant mix including national retailers such as Burlington, SKECHERS, Planet Fitness, PetSmart, Bath \u0026 Body Works, Dollar Tree, and service-oriented businesses like Quest Diagnostics, Hair Cuttery, and XFINITY by Comcast. Dining options include Mangia Pizza and Dos Amigos. The property benefits from high visibility along Route 47, with daily vehicle traffic exceeding 27,000 and proximity to the Garden State Parkway (23,000 vehicles daily). It draws an estimated 7,000 daily visits and 2.6 million annually, ranking as the most trafficked center among similar properties per Placer.ai data from 2024. The local market is influenced by seasonal tourism from nearby Wildwood beaches and boardwalk, boosting summer footfall but leading to off-season variability. Demographics within a 3-mile radius include a population of 12,723, 5,274 households with average income of $115,868, and a daytime population of 13,391, supporting stable retail performance. Occupancy appears strong with major anchors in place, though inline spaces are available, indicating opportunities for new tenants. Leasing advantages include flexible spaces from 1,500 to 3,600 square feet, grocery-anchored stability, and access to affluent, tourist-driven trade area. However, retailers should consider seasonal sales fluctuations and competition from larger regional malls like Hamilton Mall in nearby Mays Landing. Overall, the center positions retailers to capture both local resident spending and seasonal visitors in a coastal market with moderate rent levels typical for South Jersey strip centers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Rio Grande&quot;},&quot;anchor_tenants&quot;:&quot;FamCoop, Farmacia Savia, KFC, Burger King&quot;,&quot;distance&quot;:35.02,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;4950&quot;,&quot;anchor_tenants&quot;:&quot;FamCoop, Farmacia Savia, KFC, Burger King&quot;}},{&quot;id&quot;:8768,&quot;slug&quot;:&quot;luquillo-town-center&quot;,&quot;name&quot;:&quot;Luquillo Town Center&quot;,&quot;lat&quot;:&quot;18.3785&quot;,&quot;lng&quot;:&quot;-65.71967&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Luquillo Town Center serves as the central commercial district in Luquillo, Puerto Rico, functioning as an open-air retail hub along PR-3 highway. It caters to a local population of about 17,631 in the municipio, characterized by a median household income of $23,769, median age of 45, and 30.6% renter-occupied housing. The area features a diverse tenant mix including supermarkets like Supermax, pharmacies such as Walgreens, fast food chains, local restaurants, and service-oriented businesses, supplemented by nearby Luquillo Kiosks offering food and souvenirs for tourists. Proximity to El Yunque National Forest (4.5 miles) and Luquillo Beach drives seasonal footfall, estimated at moderate levels with peaks during holidays and summer tourism. Puerto Ricos overall shopping center occupancy exceeds 90%, indicating strong demand in similar neighborhood formats. Rent levels range from $15 to $25 per square foot on a triple net lease basis, below San Juan averages of $30+, providing cost-effective entry for retailers targeting convenience and essentials. Accessibility via PR-3 connects to San Juan (30 minutes), though public transit is limited and parking congestion occurs in high season. The centers market position emphasizes community serving with tourist augmentation, but operational quality varies with some aging facades. Leasing advantages include affordable terms and stable local patronage, offset by risks from economic recovery post-hurricanes and modest consumer spending.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Luquillo&quot;},&quot;anchor_tenants&quot;:&quot;Pharmacy, Local Shops, Eateries&quot;,&quot;distance&quot;:46.76,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;20&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Pharmacy, Local Shops, Eateries&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;:24.14,&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;: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;:33.63,&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;:8758,&quot;slug&quot;:&quot;plaza-palma-real&quot;,&quot;name&quot;:&quot;Plaza Palma Real&quot;,&quot;lat&quot;:&quot;18.1429&quot;,&quot;lng&quot;:&quot;-65.8086&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza Palma Real is a prominent Walmart Supercenter-anchored retail center located at 350 PR-3 Km 78.10, Humacao, Puerto Rico 00791, in the eastern region of the island. Following a $20 million renovation completed in 2019, the property spans approximately 300,000 square feet and serves as a key shopping destination for the local community. Anchored by Walmart (159,800 sq ft) and Marshalls (27,680 sq ft), it features a balanced tenant mix including national chains such as Burlington, Old Navy, PetSmart, Foot Locker, Bath \u0026 Body Works, Van Heusen, Rainbow, and Pep Boys, alongside local retailers like Kress, Humberto Vidal, and Eye Center Boutique. Dining options include Chili&#39;s Grill \u0026 Bar, Pollo Tropical, and Ponderosa, enhancing its appeal as a one-stop shopping hub. The center benefits from a densely populated trade area with a mix of residential, commercial, and regional traffic along PR-3 highway, driving consistent footfall. Humacao&#39;s demographics include a municipal population of 50,400, median household income of $26,083, and total retail sales of $662.9 million in 2022, supporting value-driven retail performance. Within Puerto Rico&#39;s robust retail market, which totals 50 million sq ft with a 6.5% vacancy rate as of 1H 2025, Plaza Palma Real offers leasing advantages through available spaces ranging from 936 to 49,606 sq ft, suitable for small to medium retailers seeking stable traffic and anchor draw. Accessibility is facilitated by proximity to major roads and ample parking, though potential challenges include competition from nearby centers and economic pressures on consumer spending.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Humacao&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Marshalls, Me Salvé, Pep Boys&quot;,&quot;distance&quot;:47.8,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;36&quot;,&quot;gla_sqm&quot;:&quot;42760&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Marshalls, Me Salvé, Pep Boys&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;:40.17,&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;:8862,&quot;slug&quot;:&quot;centro-comercial-dos-bocas&quot;,&quot;name&quot;:&quot;Centro Comercial Dos Bocas&quot;,&quot;lat&quot;:&quot;18.3459&quot;,&quot;lng&quot;:&quot;-65.9839&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Dos Bocas is a small neighborhood commercial center located at Carretera 181 Km 9.2 in Barrio Dos Bocas, Trujillo Alto, Puerto Rico. This property serves primarily as a strip-style retail and professional services hub in a suburban area of the San Juan metropolitan region. With an estimated gross leasable area under 20,000 square feet based on available listings, it caters to local residents with essential services rather than destination shopping. The tenant mix leans heavily toward healthcare providers, including multiple general practitioners and family medicine offices, alongside potential for small retail like bakeries or convenience stores. Market position is modest, benefiting from proximity to residential communities in Trujillo Alto, a municipality with approximately 50,000 residents and a median household income around $25,000, reflecting Puerto Ricos broader economic challenges post-2017 hurricanes and ongoing fiscal issues. Accessibility is favorable via the main carretera, with ample on-site parking, though public transit options are limited. Footfall is estimated low at 500-1,000 daily visitors, driven by local errands rather than high-volume traffic. Occupancy rates hover around 70-80%, with several spaces listed for lease, indicating stable but not robust demand. Rent levels for small units (300-800 sq ft) range from $15-25 per square foot annually, competitive for the area but pressured by economic stagnation. Leasing advantages include low entry barriers for small retailers targeting middle-income families, quick access to underserved local needs in health and daily goods, and potential synergies with nearby amenities like the Shell station. However, drawbacks encompass limited visibility, competition from larger centers such as Trujillo Alto Plaza (featuring Pueblo Supermarket and pharmacies), and vulnerability to Puerto Ricos retail market saturation in essentials. Operational quality is basic, with possible aging infrastructure in a facility likely built in the late 20th century, requiring due diligence on maintenance. Overall, suitable for niche, community-oriented tenants but with risks from low traffic and economic volatility.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Trujillo Alto&quot;},&quot;anchor_tenants&quot;:&quot;Local stores, medical offices&quot;,&quot;distance&quot;:20.13,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;15&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Local stores, medical offices&quot;}},{&quot;id&quot;:8796,&quot;slug&quot;:&quot;plaza-del-este-carolina&quot;,&quot;name&quot;:&quot;Plaza Del Este&quot;,&quot;lat&quot;:&quot;18.42&quot;,&quot;lng&quot;:&quot;-66.0&quot;,&quot;property_type&quot;:&quot;Retail&quot;,&quot;description&quot;:&quot;Plaza del Este, located at Ave. 65 Infantería (PR-3) \u0026 PR-8887, Carolina, PR 00987, is an open-air retail center in the San Juan metropolitan area. Anchored by IKEA (287,000 sq ft store opened in 2023), it includes Marshalls, HomeGoods, and T-Mobile, focusing on home furnishings, discount apparel, and electronics. The center spans approximately 400,000 sq ft and serves a trade area with 2.2 million residents. Carolina&#39;s demographics feature a population of 154,000, median household income of $25,000, and a mix of families and young professionals. Strong accessibility via PR-3 highway and proximity to Luis Munoz Marin International Airport enhance traffic. In Puerto Rico&#39;s retail market, with 50 million sq ft inventory and 6.5% vacancy, the center benefits from value-driven tenant mix. Leasing advantages include competitive rents around $25 psf NNN and high visibility. However, competition from adjacent Plaza Carolina (1 million sq ft enclosed mall with 170+ stores) may split footfall. Operational quality is good post-IKEA renovation, but open-air design exposes to weather risks. Market factors include PR&#39;s economic recovery and tourism growth, though hurricane vulnerability remains a concern.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Carolina&quot;},&quot;anchor_tenants&quot;:&quot;IKEA,HomeGoods,Marshalls&quot;,&quot;distance&quot;:17.05,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;17000&quot;,&quot;anchor_tenants&quot;:&quot;IKEA,HomeGoods,Marshalls&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;:24.36,&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;}},{&quot;id&quot;:8872,&quot;slug&quot;:&quot;plaza-del-carmen-mall&quot;,&quot;name&quot;:&quot;Plaza Del Carmen Mall&quot;,&quot;lat&quot;:&quot;18.21722&quot;,&quot;lng&quot;:&quot;-66.04361&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza del Carmen Mall is a two-story enclosed shopping center situated on PR-172 in Caguas, Puerto Rico, offering 176,115 square feet of gross leasable area and 720 parking spaces. Established in the 1990s, it caters to the local market in Caguas Municipio, home to approximately 126,000 residents with a median household income of $30,113 and a median age of 44.2 years, indicating a working-class demographic focused on value-oriented shopping. The property is anchored by discount-focused tenants including Outlet China, Grand Way, Farmacias Caridad pharmacy, and Advance Auto Parts, with a tenant mix emphasizing essentials, auto services, and limited apparel and health options. Recent assessments show low occupancy, with significant vacant space exceeding 16,000 square feet, contrasting with Puerto Ricos overall retail vacancy rate of 6.5 percent and a 5 percent sales growth in 2023. Leasing rates are set at approximately $20 per square foot on a net basis, making it accessible for smaller retailers seeking affordable entry into the Caguas market. Accessibility benefits from proximity to PR-1 highway, facilitating traffic from surrounding areas, though footfall remains modest due to the malls smaller scale and competition from larger venues like Plaza Centro, which reports near 100 percent occupancy. Operational quality includes basic amenities, but challenges arise from aging infrastructure and saturation in discount categories, potentially impacting performance. Strengths include stable anchor tenants providing consistent draw for everyday needs, while risks involve economic sensitivity in low-income areas and limited diversification in tenant mix, advising caution for high-end retail pursuits.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Caguas&quot;},&quot;anchor_tenants&quot;:&quot;Outlet China, Grand Way, Farmacias Caridad, Advanced Auto Parts&quot;,&quot;distance&quot;:25.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;16362&quot;,&quot;anchor_tenants&quot;:&quot;Outlet China, Grand Way, Farmacias Caridad, Advanced Auto Parts&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;:16.85,&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;:8780,&quot;slug&quot;:&quot;plaza-toa-alta&quot;,&quot;name&quot;:&quot;Plaza Toa Alta&quot;,&quot;lat&quot;:&quot;18.25&quot;,&quot;lng&quot;:&quot;-66.25&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza Toa Alta is a neighborhood shopping center in Toa Alta, Puerto Rico, catering to local residents with everyday essentials and services. Spanning about 100,000 square feet of gross leasable area, it opened in the late 1990s and features anchor tenants such as Supermercados Econo, a major grocery chain, and Walgreens pharmacy. The tenant mix emphasizes convenience retail, including quick-service restaurants like Burger King and Subway, local eateries, financial services from Banco Popular, and specialty stores for apparel, electronics, and health products. Occupancy rates hover around 85-90%, indicating stable demand in this suburban market, though some inline spaces remain available for smaller retailers. Rent levels are modest for the region, typically ranging from $18 to $22 per square foot on a triple net lease basis, making it accessible for value-oriented tenants. The center is situated along PR-167 highway, providing good visibility and drive-up accessibility, with ample free parking for over 400 vehicles. Daily footfall is estimated at 2,000 to 3,000 visitors, primarily from the immediate catchment area. Demographically, Toa Alta Municipio has a population of approximately 66,500, with a median household income of $33,349 and a median age of 41.7, reflecting a family-oriented, middle-to-lower income community in a suburban-rural setting about 20 minutes from San Juan. Operational quality is average, with standard maintenance but potential for infrastructure updates given the propertys age. Market position is niche-focused on daily needs rather than destination shopping, benefiting from low competition in hyper-local grocery and pharmacy categories. Leasing advantages include proximity to dense residential neighborhoods, low turnover among anchors, and opportunities for cross-promotions within the convenience cluster. However, challenges encompass Puerto Ricos broader economic hurdles, including slow recovery from natural disasters, high unemployment around 10%, and market saturation in essential retail segments. Retailers should consider risks from e-commerce encroachment and limited public transit options, which favor car-dependent shoppers. Overall, the plaza suits budget-conscious operators in food, health, and services, with potential for steady sales volumes tied to local demographics.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Toa Alta&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado Agranel&quot;,&quot;distance&quot;:20.31,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;800&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado Agranel&quot;}},{&quot;id&quot;:8770,&quot;slug&quot;:&quot;coamo-plaza&quot;,&quot;name&quot;:&quot;Coamo Plaza&quot;,&quot;lat&quot;:&quot;18.05867&quot;,&quot;lng&quot;:&quot;-66.3692&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Coamo Plaza is a neighborhood shopping center located on PR-153 KM 13.7 in Coamo, Puerto Rico, with a gross leasable area of approximately 193,876 square feet. It serves the local community in Coamo Municipio, which has a population of about 34,000 residents. The center features a mix of anchor tenants and smaller retailers, including National Lumber occupying 15,040 square feet, Bargain City with 24,232 square feet, Rainbow Shops, and Metro by T-Mobile. Other spaces include kiosks and free-standing pads available for lease. Positioned as a convenience-oriented retail destination, it benefits from its location on a primary arterial road providing accessibility to local traffic. The Puerto Rico retail market overall maintains a low vacancy rate of 6.5 percent and saw a 5 percent year-over-year sales increase in 2023, indicating resilience despite economic challenges. However, Coamo Plazas market position is constrained by the areas modest demographics, with median household income around 15,000 to 21,000 dollars and a median age of 45 years, limiting higher-end retail potential. Leasing advantages include competitive net rents starting at 18 dollars per square foot, suitable for discount and essential goods retailers, though high availability of 19 spaces suggests moderate occupancy. Potential drawbacks involve limited footfall due to the small-town setting, competition from nearby centers like Plaza Santa Isabel, and broader Puerto Rico issues such as economic recovery post-hurricanes and fiscal constraints. Operational quality appears standard for a regional strip center, with no major infrastructure concerns noted in recent listings, but aging elements could require tenant investments. Overall, it suits value-oriented tenants targeting everyday needs in a stable but low-growth locale.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Coamo&quot;},&quot;anchor_tenants&quot;:&quot;National Lumber, Bargain City, Me Salvé, Econo Supermarket&quot;,&quot;distance&quot;:45.02,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;18017&quot;,&quot;anchor_tenants&quot;:&quot;National Lumber, Bargain City, Me Salvé, Econo Supermarket&quot;}},{&quot;id&quot;:8791,&quot;slug&quot;:&quot;plaza-centro&quot;,&quot;name&quot;:&quot;Plaza Centro&quot;,&quot;lat&quot;:&quot;18.24778&quot;,&quot;lng&quot;:&quot;-66.02167&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza Centro is an enclosed shopping mall in Caguas, Puerto Rico, at the intersection of PR-30 and Avenue Rafael Cordero, opened in 1986 and expanded in 2000 to 980,000 square feet of gross leasable area. As the fourth largest mall in Puerto Rico, it serves the San Juan-Bayamon-Caguas metro area with anchors JCPenney, Sams Club, Burlington Coat Factory, and Costco, plus Ross Dress for Less opening in 2025 in the former Kmart space. The tenant mix includes over 100 stores focused on retail, dining, and entertainment, with 40% of visitors for shopping, 35% for dining, and 25% for home decor. Occupancy is 93.6%, supported by 4,095 parking spaces. The 3-mile demographics feature 96,577 population, 39,898 households, average household income of $56,033, and median of $34,389. Leasing advantages encompass prime highway visibility driving traffic, diverse anchors stabilizing cash flow, and value-oriented positioning in a moderate-income market. Drawbacks include a 2021 foreclosure on the 283,000 sq ft strip portion (50% occupied in 2022 before BH Properties acquisition), Kmart closure in 2020, aging infrastructure, and competition from larger San Juan malls like Plaza Las Americas amid Puerto Ricos economic recovery post-hurricanes and high unemployment.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Caguas&quot;},&quot;anchor_tenants&quot;:&quot;JCPenney, Sam&#39;s Club, Costco, Burlington, Ross Dress for Less&quot;,&quot;distance&quot;:23.49,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;91000&quot;,&quot;anchor_tenants&quot;:&quot;JCPenney, Sam&#39;s Club, Costco, Burlington, Ross Dress for Less&quot;}},{&quot;id&quot;:8887,&quot;slug&quot;:&quot;shops-at-caguas&quot;,&quot;name&quot;:&quot;Shops At Caguas&quot;,&quot;lat&quot;:&quot;18.2354214&quot;,&quot;lng&quot;:&quot;-66.0390482&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;The Shops at Caguas is an enclosed regional shopping center located at 400 Calle Betances in Caguas, Puerto Rico, approximately 6 miles south of San Juan. Spanning 358,232 square feet on 42 acres with 2,196 parking spaces, it features over 100 stores and services. Opened in 1997 as Las Catalinas Mall and renamed in 2023, the property is owned by Urban Edge Properties. Its tenant mix includes national retailers such as Old Navy (12,711 sq ft), Shoe Carnival (9,756 sq ft), Foot Locker (12,002 sq ft), Aeropostale, Bath \u0026 Body Works, G by Guess, Sephora, and P.F. Chang&#39;s (7,500 sq ft), alongside local options like Me Salve (13,668 sq ft) and El Platanal (6,914 sq ft). Entertainment anchors comprise Sector Sixty6 (134,000 sq ft with indoor karting, arcades, VR, and rope courses, opened 2023) and Caribbean Cinemas. Dining includes Golden Corral (opened 2023), Burger King, KFC, and Taco Bell in the food court. The mall achieved 100% occupancy in 2023, excluding the former Sears space under remodel for Ross Dress for Less (opening 2025). It benefits from high visibility and direct access via PR-52, the primary north-south expressway, serving the San Juan-Bayamón-Caguas metro area of 2.06 million residents. Puerto Rico&#39;s retail sector saw 5% year-over-year sales growth in 2023, supporting stable performance. Leasing advantages include flexible spaces from kiosks (80-180 sq ft) to inline stores (1,000-13,000 sq ft), with specialty leasing opportunities in high-traffic areas. However, challenges arise from the metro area&#39;s median household income of $27,966 and Caguas-specific $30,113, below U.S. averages, alongside past disruptions from Hurricane Maria (2017) and anchor closures (Kmart 2019, Sears 2021, Forever 21 2025). The addition of entertainment draws regional footfall, positioning it as a family-oriented destination amid market recovery.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Caguas&quot;},&quot;anchor_tenants&quot;:&quot;K-Mart,Sears,Old Navy,Sector Sixty6&quot;,&quot;distance&quot;:23.52,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;125&quot;,&quot;gla_sqm&quot;:&quot;39780&quot;,&quot;anchor_tenants&quot;:&quot;K-Mart,Sears,Old Navy,Sector Sixty6&quot;}},{&quot;id&quot;:8787,&quot;slug&quot;:&quot;plaza-escorial&quot;,&quot;name&quot;:&quot;Plaza Escorial&quot;,&quot;lat&quot;:&quot;18.3951&quot;,&quot;lng&quot;:&quot;-65.9972&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza Escorial is an open-air power center in Carolina, Puerto Rico, at Avenida Iturregui, established in 1983 with approximately 500,000 square feet of gross leasable area. Anchored by Walmart (156,230 SF), Sams Club (139,463 SF), Home Depot (111,670 SF), and Caribbean Cinemas (59,900 SF), it features a tenant mix emphasizing big-box retail including Burlington, Old Navy, and OfficeMax, alongside specialty stores like Foot Locker, PetSmart, Sally Beauty Supply, and quick-service dining options such as Chilis, Taco Bell, Arbys, and Churchs Chicken. Located in suburban Carolina near PR-3 and Baldorioty de Castro Expressway, it offers strong accessibility for drive-to shoppers. The center serves a trade area of over 150,000 residents within 5 miles, with middle-income households (median $25,000). Occupancy is around 90 percent, with available inline spaces from 2,000 to 12,000 SF and outparcels up to 6,000 SF. Leasing advantages include competitive rents of $18-22 per square foot NNN, reliable footfall from anchors estimated at 10,000-15,000 daily visitors, and a focus on essential goods supporting steady performance. Challenges encompass Puerto Ricos economic pressures, nearby competition from Plaza Carolina enclosed mall, and aging infrastructure requiring potential capital investments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Carolina&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Sam&#39;s Club, Home Depot, Caribbean Cinemas, Burlington Coat Factory&quot;,&quot;distance&quot;:17.43,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;55&quot;,&quot;gla_sqm&quot;:&quot;60387&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Sam&#39;s Club, Home Depot, Caribbean Cinemas, Burlington Coat Factory&quot;}}]}" data-map-update-url-value="/malls/plaza-del-parque" id="mall-map-wrapper"><div data-city="Bayamón" data-current-mall="true" data-id="plaza-del-parque" data-lat="18.4122026" data-lng="-66.1614392" data-map-target="mall" data-name="Plaza Del Parque" 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">3 miles Radius</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">10 miles Radius</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">245,000 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">$25,096 USD</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">8.5</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">92 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">$3,500 USD</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">15.0</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">10.0</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">45 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">20.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">$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">25 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Boolean</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">3 Per 10 km</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">Medium Level</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">179,092 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">$20 USD</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">5.0</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</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Good Level</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">500 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">Medium Level</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 Level</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">30.0</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">Low Level</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">24/7 Coverage</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 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 Boolean</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">3 Tenants</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">nan Status</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>