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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.

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Hours of Operation

Hours

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Monday10:00 AM — 09:00 PM
Tuesday10:00 AM — 09:00 PM
Wednesday10:00 AM — 09:00 PM
Thursday10:00 AM — 09:00 PM
Friday10:00 AM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday11:00 AM — 06:00 PM
Holiday Hours

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

Carr. 2 Km. 39.9, Vega Baja, Puerto Rico

Insights

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Building Details

Property Type
Neighborhood
Gross Leasable Area
4000
Year Built
1995
Parking Spaces
150
Average Monthly Footfall
37,500
Owner
N/A
Anchor Tenants
Staples, OK China, Baskin-Robbins

Detailed Market Analytics

Primary Catchment Area
5 km Radius
Secondary Catchment Area
20 km Radius
Catchment area population
25,000 People
Population growth rate
-1.2 %
Median age
44.1 Years
Household size
2.6 Persons
Education level (tertiary)
18.0 %

Median household income
22,455 USD
Unemployment rate
10.5 %
Cost of living index
88 Index (US=100)

Retail spending per capita
4,500 USD
Spending on apparel
800 USD per year
Spending on groceries
2,200 USD per year
Spending on electronics
600 USD per year

Annual foot traffic
450,000 Visitors
Dwell time
25 Minutes
Conversion rate
15.0 %
Sales per square meter
2,800 USD

Number of retail stores
25 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
Medium Density
Tenant diversity
Low Diversity
Unique Concepts
2 Concepts

Gross Leasable Area
4,000 sqm
Number of Levels
1 Levels
Average rent per square meter
25 USD per month
Vacancy rate
8.0 %
Lease term flexibility
Medium Flexibility
Available retail space
1,200 Square meters

Proximity to main roads
Direct Access
Public transport access
Limited Access
Parking spaces
150 Spaces
Pedestrian traffic
Low Traffic

E-commerce competition
High Competition
Click-and-collect adoption
Moderate Adoption
Internet penetration
82.0 %

Retail crime rate
12 Incidents per 1,000 visitors
Security measures
Basic Measures

Promotional events
Quarterly Events
Loyalty program penetration
40.0 %
Digital signage presence
Limited Presence

Projected foot traffic growth
2.0 %
New tenant pipeline
Low Pipeline
Mall expansion plans
nan Plans
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Vega Baja

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Vega Baja

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