<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="18.1429" data-lng="-65.8086" data-map-catchment-data-value="{&quot;lat&quot;:&quot;18.1429&quot;,&quot;lng&quot;:&quot;-65.8086&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:50441}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;50,000 Square Kilometers&quot;,&quot;description&quot;:&quot;nan&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;100,000 Square Kilometers&quot;,&quot;description&quot;:&quot;nan&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;50,441 People&quot;,&quot;description&quot;:&quot;Population of Humacao Municipality, primary catchment&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;-0.5&quot;,&quot;description&quot;:&quot;Estimated annual growth rate based on Puerto Rico trends&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;46.6 Years&quot;,&quot;description&quot;:&quot;Median age in Humacao&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;2.4 Persons&quot;,&quot;description&quot;:&quot;Average household size in Humacao&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;22.0&quot;,&quot;description&quot;:&quot;Percentage with bachelor&#39;s degree or higher in Humacao&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;$26,083 USD&quot;,&quot;description&quot;:&quot;Median household income in Humacao, 2023&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;8.5&quot;,&quot;description&quot;:&quot;Estimated unemployment rate in Humacao&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;85 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;$4,500 USD&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per person in catchment&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Share of retail spending on apparel&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;30.0&quot;,&quot;description&quot;:&quot;Share of retail spending on groceries&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;10.0&quot;,&quot;description&quot;:&quot;Share of retail spending on electronics&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;1,200,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated based on similar sized malls in PR&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;45 Minutes&quot;,&quot;description&quot;:&quot;Average time shoppers spend in mall&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Percentage of visitors making a purchase&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;$8,000 USD&quot;,&quot;description&quot;:&quot;Annual sales per sq m, estimated&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;36 Stores&quot;,&quot;description&quot;:&quot;Current number of stores in the mall&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Walmart as primary anchor&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;3 Per sq km&quot;,&quot;description&quot;:&quot;Nearby competing retail centers&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Mix of national chains and local stores&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;5 Stores&quot;,&quot;description&quot;:&quot;Number of unique or specialty stores&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;42,760 sqm&quot;,&quot;description&quot;:&quot;Estimated total GLA based on anchors and stores&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;1 Levels&quot;,&quot;description&quot;:&quot;Single-level open-air mall&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;$12 USD&quot;,&quot;description&quot;:&quot;Monthly rent per sq m, estimated for PR market&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Low vacancy post-renovation&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Standard 5-year terms with options&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;11,491&quot;,&quot;description&quot;:&quot;Current available space for lease&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct&quot;,&quot;description&quot;:&quot;Located on PR-3 highway&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Bus stops nearby&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;1,000 Spaces&quot;,&quot;description&quot;:&quot;Ample free parking&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Moderate&quot;,&quot;description&quot;:&quot;Good local foot traffic&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;30.0&quot;,&quot;description&quot;:&quot;Share of retail shifted to e-commerce in PR&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;40.0&quot;,&quot;description&quot;:&quot;Adoption rate among tenants&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;85.0&quot;,&quot;description&quot;:&quot;Household internet access in catchment&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Below national average for PR&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;Comprehensive&quot;,&quot;description&quot;:&quot;24/7 security, cameras, patrols&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;Annual events and promotions&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&quot;,&quot;description&quot;:&quot;Digital displays throughout mall&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;3.0&quot;,&quot;description&quot;:&quot;Annual growth projection&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;10 Tenants&quot;,&quot;description&quot;:&quot;Upcoming new stores&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;nan&quot;,&quot;description&quot;:&quot;No major expansions planned post-2019 renovation&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[],&quot;secondary&quot;:[],&quot;outside&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;:47.61,&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;: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;:38.88,&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;:8769,&quot;slug&quot;:&quot;fajardo-town-center&quot;,&quot;name&quot;:&quot;Fajardo Town Center&quot;,&quot;lat&quot;:&quot;18.3314&quot;,&quot;lng&quot;:&quot;-65.6525&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Fajardo Town Center is a neighborhood shopping center in Fajardo, Puerto Rico, situated at the intersection of PR-3 and Conquistador Avenue, providing convenient access to local residents and tourists drawn to nearby beaches, marinas, and resorts like El Conquistador. The property encompasses approximately 150,000 square feet of retail space in an open-air format, featuring anchor tenants including Walmart, Bargain City, Grand Stores, and Rainbow Shops, alongside complementary stores such as Champs Sports, Burlington, Pizza Hut, First Bank, and CVS Pharmacy. This tenant mix focuses on value-oriented retail, apparel, discount goods, fast food, and essential services, catering to everyday needs rather than luxury shopping. Market position is solid within the eastern Puerto Rico retail landscape, with high occupancy rates around 98%, reflecting strong demand in a region where retail sales average $380 to $400 per square foot annually. Leasing rates range from $22 to $37 per square foot, offering competitive terms for mid-tier retailers seeking stable footfall from the local population of 32,000 and seasonal tourist influx. Advantages include excellent highway accessibility via PR-3 and PR-940, ample parking, and proximity to residential areas, schools, hospitals, and attractions, which drive consistent traffic estimated at moderate levels for a small-town center. However, the centers operational quality may be impacted by general infrastructure challenges in Puerto Rico, such as post-hurricane recovery issues, and market saturation from informal kiosks in nearby Luquillo. Demographic profile features a median age of 44 and household income of $25,000, emphasizing budget-conscious consumers, while tourism boosts visitation during peak seasons but introduces variability in footfall.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Fajardo&quot;},&quot;anchor_tenants&quot;:&quot;Bargain City, Grand Stores, Rainbow&quot;,&quot;distance&quot;:26.67,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;47&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Bargain City, Grand Stores, Rainbow&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;:40.23,&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;: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;:40.23,&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;: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;:47.61,&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;: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;:40.23,&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;: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;:27.83,&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;: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;:45.47,&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;: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;:29.19,&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;: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;:38.37,&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;: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;:47.56,&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;:2052,&quot;slug&quot;:&quot;plaza-del-parque&quot;,&quot;name&quot;:&quot;Plaza Del Parque&quot;,&quot;lat&quot;:&quot;18.4122026&quot;,&quot;lng&quot;:&quot;-66.1614392&quot;,&quot;property_type&quot;:&quot;Regional&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;Soriana, Suburbia, Sanborns, Cinépolis&quot;,&quot;distance&quot;:47.8,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;179092&quot;,&quot;anchor_tenants&quot;:&quot;Soriana, Suburbia, Sanborns, Cinépolis&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;:48.56,&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;: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;:42.2,&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;: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;:43.1,&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;: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;:40.23,&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;:8879,&quot;slug&quot;:&quot;centro-comercial-plaza-del-este&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Del Este&quot;,&quot;lat&quot;:&quot;18.32968&quot;,&quot;lng&quot;:&quot;-65.65849&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza del Este, also known as Del Este Shopping Center, is a neighborhood retail center totaling approximately 150,000 square feet located along PR-3 in Fajardo, Puerto Rico. Positioned in the eastern region near popular tourist attractions like El Yunque National Forest and Puerto Del Rey Marina, it serves a mix of local residents and visitors. The center benefits from multiple access points on the main highway, facilitating drive-in traffic from surrounding areas. Tenant mix includes discount anchors such as Bargain City and Grand Stores, along with smaller retailers like Rainbow for apparel, and freestanding units housing Pizza Hut, First Bank, T-Mobile, and El Meson Sandwiches. Previously anchored by Kmart until its closure around 2019, the space has seen shifts toward value-oriented tenants. Occupancy levels in similar Puerto Rican neighborhood centers hover around 85-90% as of recent market reports, though specific data for this property is limited. Rent levels are competitive for the region, estimated at $15-25 per square foot annually, appealing for budget-conscious retailers. The centers market position is strengthened by its proximity to residential areas and tourism, but challenged by low local incomes and competition from larger formats like Plaza Fajardo with Walmart. Leasing advantages include flexible spaces starting from 2,700 square feet, shared parking, and potential for cross-promotion with nearby hospitality venues. However, risks involve economic vulnerability in Puerto Rico, including hurricane impacts and slow recovery in non-tourist retail categories. Footfall is driven by daily necessities shopping, estimated at moderate levels for a town of 35,000 residents plus seasonal tourists, with accessibility enhanced by public transport options along PR-3.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Fajardo&quot;},&quot;anchor_tenants&quot;:&quot;AutoZone, Kmart (former)&quot;,&quot;distance&quot;:26.13,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;65&quot;,&quot;gla_sqm&quot;:&quot;16930&quot;,&quot;anchor_tenants&quot;:&quot;AutoZone, Kmart (former)&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;:47.56,&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;: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;:36.78,&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;: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;:44.16,&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;: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;:46.01,&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;: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;:40.23,&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;: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;:47.58,&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;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;:25.35,&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;: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;:36.85,&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;: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;:48.12,&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;: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;:34.39,&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;}},{&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;:26.17,&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;: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;:26.5,&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;: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;:41.67,&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;: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;:35.04,&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;: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;:46.07,&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;: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;:32.82,&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;: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;:48.63,&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;: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;:41.78,&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;Walmart, Sam&#39;s Club, Office Depot, Cinépolis&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;:33.67,&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;: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;:26.43,&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;: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;:47.51,&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;: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;:37.62,&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;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;:41.78,&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;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;:40.77,&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;}}]}" data-map-update-url-value="/malls/plaza-palma-real" id="mall-map-wrapper"><div data-city="Humacao" data-current-mall="true" data-id="plaza-palma-real" data-lat="18.1429" data-lng="-65.8086" data-map-target="mall" data-name="Plaza Palma Real" 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">50,000 Square Kilometers</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">100,000 Square Kilometers</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">50,441 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">$26,083 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">85 Index</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">$4,500 USD</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">30.0</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">1,200,000 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">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">$8,000 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">36 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">3 Per sq km</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High</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">42,760 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">$12 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</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">1,000 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">Moderate</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">30.0</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">40.0</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</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">Comprehensive</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</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">3.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">10 Tenants</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">nan</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>