<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="18.08968" data-lng="-67.03046" data-map-catchment-data-value="{&quot;lat&quot;:&quot;18.08968&quot;,&quot;lng&quot;:&quot;-67.03046&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:31514}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;10 km&quot;,&quot;description&quot;:&quot;Estimated radius for primary customer base around the mall in San Germán&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;30 km&quot;,&quot;description&quot;:&quot;Estimated radius for secondary customer base including nearby municipalities&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;31,514 People&quot;,&quot;description&quot;:&quot;Population of San Germán Municipio serving as primary catchment, 2023 Census data&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;-1.5&quot;,&quot;description&quot;:&quot;Estimated annual population decline based on recent Census trends for Puerto Rico and San Germán&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;46.8 Years&quot;,&quot;description&quot;:&quot;Median age of population in San Germán Municipio, 2023 data&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;2.43 Persons&quot;,&quot;description&quot;:&quot;Average household size in San Germán Municipio, derived from Census data&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;18.0&quot;,&quot;description&quot;:&quot;Percentage of adults 25+ with bachelor&#39;s degree or higher, estimated for San Germán based on Puerto Rico averages&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;$17,921 USD&quot;,&quot;description&quot;:&quot;Median household income in San Germán Municipio, 2019-2023 Census data&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;9.7&quot;,&quot;description&quot;:&quot;Unemployment rate in San Germán Municipio, 2024 data&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;92 Index (US=100)&quot;,&quot;description&quot;:&quot;Estimated cost of living index for southwestern Puerto Rico, adjusted from national averages&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;$4,200 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per capita based on local income and Puerto Rico consumer trends&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;$450 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual household spending on apparel, adjusted for local demographics&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;$3,100 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual household spending on groceries, higher due to import costs in Puerto Rico&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;$350 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual household spending on electronics, based on Puerto Rico market data&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;300,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated annual visitors for a small regional mall like Plaza San Germán&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;60 Minutes&quot;,&quot;description&quot;:&quot;Average time visitors spend in the mall, standard for similar retail centers&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Estimated percentage of visitors making a purchase, based on retail industry averages&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;$4,800 USD&quot;,&quot;description&quot;:&quot;Estimated annual sales per square meter, inferred from Puerto Rico retail performance&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;25 Stores&quot;,&quot;description&quot;:&quot;Estimated number of retail units in Plaza San Germán, based on similar small plazas&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Presence of anchor tenants like supermarkets or chains, typical for local malls&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Low density of competing malls in San Germán area&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Mix of retail categories including apparel, food, and services&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Few&quot;,&quot;description&quot;:&quot;Limited unique or experiential retail concepts, focused on essentials&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;17,170 sqm&quot;,&quot;description&quot;:&quot;Estimated GLA for Plaza San Germán, based on similar properties in San Germán&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;1 Levels&quot;,&quot;description&quot;:&quot;Single-level shopping center typical for regional plazas in Puerto Rico&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;$269 USD per year&quot;,&quot;description&quot;:&quot;Average annual rent per square meter, converted from ~$25/sq ft Puerto Rico retail rates&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Estimated vacancy rate, aligned with Puerto Rico&#39;s low 6.5% island-wide average&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Standard&quot;,&quot;description&quot;:&quot;Typical 3-5 year leases with renewal options&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;186&quot;,&quot;description&quot;:&quot;Estimated currently available space for leasing&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Located near PR-2 highway for easy access&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Moderate&quot;,&quot;description&quot;:&quot;Access via local buses, limited in rural Puerto Rico&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;150 Spaces&quot;,&quot;description&quot;:&quot;Estimated parking capacity for a small mall&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Limited pedestrian access in suburban setting&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Strong competition from online retail, growing in Puerto Rico&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Estimated adoption rate of click-and-collect services&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;85.0&quot;,&quot;description&quot;:&quot;Percentage of households with internet access in San Germán area&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;4 Incidents per 1,000 visitors&quot;,&quot;description&quot;:&quot;Estimated retail crime rate, based on Puerto Rico averages&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV and guards&quot;,&quot;description&quot;:&quot;Standard security including surveillance and on-site personnel&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Monthly&quot;,&quot;description&quot;:&quot;Regular promotions and events to drive traffic&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;30.0&quot;,&quot;description&quot;:&quot;Estimated participation in loyalty programs among shoppers&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Presence of digital displays for advertising&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;-0.5&quot;,&quot;description&quot;:&quot;Slight decline projected due to population trends and e-commerce&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Limited&quot;,&quot;description&quot;:&quot;Few new tenants expected in stable market&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;nan&quot;,&quot;description&quot;:&quot;No known expansion plans for the small plaza&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:7624,&quot;slug&quot;:&quot;plaza-del-oeste&quot;,&quot;name&quot;:&quot;Plaza Del Oeste&quot;,&quot;lat&quot;:&quot;18.0799002&quot;,&quot;lng&quot;:&quot;-67.0350137&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza del Oeste, located at the intersection of PR-2 and PR-122 at the main entrance to San Germán, Puerto Rico, is a retail strip center offering high visibility along a key highway corridor serving commuters and local residents. The property includes approximately 184,767 square feet of gross leasable area in the main plaza and 49,172 square feet in the adjacent Camino Real section, totaling over 233,000 square feet. Tenant mix comprises value-oriented anchors and services: Econo Supermarket as grocery anchor, Burlington for apparel, Banco Popular for banking, Caribbean Cinemas for entertainment, Farmacia Caridad and PharmaMax for pharmacy needs, Me Salve and Grand&#39;s for discounts, and Pep Boys for auto parts, fostering a convenient everyday shopping environment. In Puerto Rico&#39;s retail landscape, with 50 million square feet island-wide and a 6.5% vacancy rate as of 1H 2025, the plaza maintains a stable position in the southwest Mayagüez metro area, benefiting from university proximity (Inter American University) and highway access. Leasing advantages encompass flexible inline and anchor spaces totaling over 8,000 square feet available for immediate occupancy, supporting quick market entry for retailers targeting budget-conscious consumers. However, the local market features challenges like low median household income of $17,921 in San Germán (population 31,500, median age 46.8), constraining higher-margin categories, alongside potential competition from nearby Mayagüez Mall and broader economic vulnerabilities including hurricane risks and infrastructure maintenance in the region.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Germán&quot;},&quot;anchor_tenants&quot;:&quot;La Sirena,Caribbean Cinemas&quot;,&quot;distance&quot;:1.19,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;La Sirena,Caribbean Cinemas&quot;}},{&quot;id&quot;:8763,&quot;slug&quot;:&quot;plaza-del-oeste-1&quot;,&quot;name&quot;:&quot;Plaza Del Oeste&quot;,&quot;lat&quot;:&quot;18.08968&quot;,&quot;lng&quot;:&quot;-67.03046&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza del Oeste, located at the intersection of PR-2 and PR-122 at the main entrance to San Germán, Puerto Rico, is a retail strip center offering high visibility along a key highway corridor serving commuters and local residents. The property includes approximately 184,767 square feet of gross leasable area in the main plaza and 49,172 square feet in the adjacent Camino Real section, totaling over 233,000 square feet. Tenant mix comprises value-oriented anchors and services: Econo Supermarket as grocery anchor, Burlington for apparel, Banco Popular for banking, Caribbean Cinemas for entertainment, Farmacia Caridad and PharmaMax for pharmacy needs, Me Salve and Grand&#39;s for discounts, and Pep Boys for auto parts, fostering a convenient everyday shopping environment. In Puerto Rico&#39;s retail landscape, with 50 million square feet island-wide and a 6.5% vacancy rate as of 1H 2025, the plaza maintains a stable position in the southwest Mayagüez metro area, benefiting from university proximity (Inter American University) and highway access. Leasing advantages encompass flexible inline and anchor spaces totaling over 8,000 square feet available for immediate occupancy, supporting quick market entry for retailers targeting budget-conscious consumers. However, the local market features challenges like low median household income of $17,921 in San Germán (population 31,500, median age 46.8), constraining higher-margin categories, alongside potential competition from nearby Mayagüez Mall and broader economic vulnerabilities including hurricane risks and infrastructure maintenance in the region.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Germán&quot;},&quot;anchor_tenants&quot;:&quot;Econo Supermarket, Burlington, Banco Popular, Caribbean Cinemas, Farmacia Caridad, Me Salve, Pep Boys&quot;,&quot;distance&quot;:0.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;17170&quot;,&quot;anchor_tenants&quot;:&quot;Econo Supermarket, Burlington, Banco Popular, Caribbean Cinemas, Farmacia Caridad, Me Salve, Pep Boys&quot;}},{&quot;id&quot;:8881,&quot;slug&quot;:&quot;centro-comercial-plaza-del-oeste&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Del Oeste&quot;,&quot;lat&quot;:&quot;18.08968&quot;,&quot;lng&quot;:&quot;-67.03046&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza del Oeste is a neighborhood shopping center located at the intersection of PR-2 and PR-122 in San Germán, Puerto Rico, serving as a key retail hub at the citys entrance. Opened in the late 20th century, it features approximately 100,000 square feet of gross leasable area, anchored by Econo Supermercado, the regions largest grocery tenant. The tenant mix includes essential services such as PharmaMax pharmacy occupying the former Kmart space (around 40,000 sq ft), Pep Boys for auto parts, Me Salve drugstore, Grands hardware store, and smaller food outlets like Gratitud Patisserie \u0026 Café and Açaí Express. Occupancy stands at about 85-90% as of recent commercial listings, with spaces available for lease ranging from 650 to 8,000 sq ft at rates of $15-20 per sq ft annually, triple net. Footfall is estimated at 5,000-7,000 daily visitors, driven by local residents rather than tourists, benefiting from high visibility on major highways connecting to Mayagüez and other western towns. Accessibility is strong via vehicle, with ample parking, though public transit is limited in this rural area. The centers market position is stable in a town of 12,000 residents with a median household income of $18,000, focusing on everyday needs amid Puerto Ricos post-hurricane recovery. Leasing advantages include low competition from big-box retailers and proximity to the University of Puerto Rico at Mayagüez (20 miles away), potentially drawing student traffic. However, challenges include economic stagnation in western Puerto Rico, with retail sales growth lagging at 2-3% annually per ICSC reports, vulnerability to power outages as seen in 2020, and an aging infrastructure requiring maintenance. Demographic profile: 95% Hispanic, families with children, emphasizing value-oriented shopping. Operational quality is average, with basic amenities but no upscale dining or entertainment to boost dwell time.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Germán&quot;},&quot;anchor_tenants&quot;:&quot;Econo Supermercado&quot;,&quot;distance&quot;:0.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;17170&quot;,&quot;anchor_tenants&quot;:&quot;Econo Supermercado&quot;}}],&quot;secondary&quot;:[{&quot;id&quot;:8754,&quot;slug&quot;:&quot;mayaguez-mall&quot;,&quot;name&quot;:&quot;Mayagüez Mall&quot;,&quot;lat&quot;:&quot;18.1534&quot;,&quot;lng&quot;:&quot;-67.1383&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mayagüez Mall, located in Mayagüez, Puerto Rico, spans 1,050,000 square feet and serves as the primary shopping destination in western Puerto Rico, ranking as the third largest mall on the island. Opened in 1972, it features over 120 stores, including anchor tenants such as Walmart, Sears, JCPenney, Marshalls, Old Navy, and Pueblo Supermarket, alongside a diverse tenant mix covering apparel (Aéropostale, ALDO), electronics (Apple Dealer, OfficeMax), dining options like food courts and restaurants, and services including banks (Banco Popular, Oriental Bank). The mall benefits from its position on PR-2 highway at Km. 159.4, providing strong accessibility via major roads and proximity to the University of Puerto Rico Mayagüez campus, which drives student footfall. In the broader Puerto Rico retail market, which totals about 50 million square feet with a 6.5% vacancy rate as of mid-2025, Mayagüez Mall aligns with high occupancy trends averaging 96% island-wide, supported by a 5% year-over-year sales increase in 2023. The surrounding Mayagüez metro area has a population of approximately 211,000, with a median household income of $20,400, reflecting a mix of local residents, students, and regional visitors. Leasing opportunities emphasize stable demand from necessity-based retailers, though challenges include economic pressures from low incomes, hurricane risks, and competition from e-commerce and smaller plazas. Operational quality remains solid with extended hours (Monday-Thursday 9am-7pm, Friday-Saturday 9am-9pm, Sunday 11am-6pm) and community events fostering loyalty. Potential drawbacks involve aging infrastructure from its 50+ year history and market saturation in apparel categories, but its dominant western position offers advantages for retailers targeting middle-income demographics.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Mayagüez&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, JCPenney, Shoe Carnival, Old Navy, Marshalls, Tiendas Capri, Office Max, Planet Fitness, Burlington&quot;,&quot;distance&quot;:13.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;97548&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, JCPenney, Shoe Carnival, Old Navy, Marshalls, Tiendas Capri, Office Max, Planet Fitness, Burlington&quot;}},{&quot;id&quot;:8788,&quot;slug&quot;:&quot;plaza-lajas&quot;,&quot;name&quot;:&quot;Plaza Lajas&quot;,&quot;lat&quot;:&quot;18.05&quot;,&quot;lng&quot;:&quot;-67.06&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Lajas is a modest open-air shopping plaza located on PR-1101 in the municipality of Lajas, southwestern Puerto Rico, serving the local community of approximately 15,000 residents. This property functions as a neighborhood retail center, featuring a mix of essential services and small businesses typical of small-town plazas in the region. Tenant mix includes local supermarkets, pharmacies, hardware stores, and casual eateries, with no major anchor tenants like national chains. The plaza benefits from its central location near the town center and proximity to La Parguera, a popular fishing village that draws tourists, potentially boosting seasonal footfall. Market position is local and utilitarian, catering to daily needs rather than destination shopping. Occupancy rates in similar Puerto Rican plazas hover around 85-90 percent, supported by steady local demand despite broader economic pressures on the island. Rent levels are competitive for the area, averaging $15-20 per square foot annually, lower than urban centers like San Juan. Accessibility is good via local roads, though public transportation is limited, relying on personal vehicles. Demographic profile consists of families with middle to low incomes, influenced by agriculture, fishing, and tourism sectors. Leasing advantages include lower entry costs and stable local patronage, but challenges involve vulnerability to hurricanes, economic stagnation in rural Puerto Rico, and limited expansion potential due to the small population base. Overall, it suits retailers targeting everyday essentials rather than luxury or high-volume sales, with operational quality maintained through basic infrastructure that may require periodic updates.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Lajas&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket, Pharmacy&quot;,&quot;distance&quot;:5.41,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;20&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket, Pharmacy&quot;}}],&quot;outside&quot;:[{&quot;id&quot;:8774,&quot;slug&quot;:&quot;plaza-isabela&quot;,&quot;name&quot;:&quot;Plaza Isabela&quot;,&quot;lat&quot;:&quot;18.469&quot;,&quot;lng&quot;:&quot;-67.0234&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Isabela, situated at 3535 Ave Militar in Isabela, Puerto Rico, operates as an open-air shopping center since 1994, catering to the northwest region with 38 tenants. Anchors include Walmart and Isabela Cinemas, complemented by specialty stores like Aeropostale, Journeys, Sally Beauty Supply, and recent addition Chick-fil-A for dining. The center achieves 99% occupancy, signaling strong market position and leasing stability. It serves Isabela Municipios 42,000 residents, characterized by median household income of $18,959 and 44.9% poverty rate, favoring value-driven retail. Accessibility via PR-2 highway enhances draw from surrounding areas, though public transit is limited. Regional retail sales rose 5% in 2023, bolstering performance amid post-pandemic recovery. Leasing advantages encompass diverse tenant mix supporting footfall and low vacancy, with average rents at $24 per square foot. Drawbacks involve economic pressures constraining discretionary spending and competition from nearby centers like Plaza del Mar in Aguadilla. Operational quality remains solid, but hurricane risks and potential infrastructure updates warrant consideration for long-term viability.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Isabela&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Selectos Supermarket, Pep Boys, Caribbean Cinemas&quot;,&quot;distance&quot;:42.19,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;24070&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Selectos Supermarket, Pep Boys, Caribbean Cinemas&quot;}},{&quot;id&quot;:8864,&quot;slug&quot;:&quot;centro-comercial-valle-real&quot;,&quot;name&quot;:&quot;Centro Comercial Valle Real&quot;,&quot;lat&quot;:&quot;17.99552&quot;,&quot;lng&quot;:&quot;-66.62212&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Valle Real, also known as Valle Real Shopping Center, is a 62,394 square foot neighborhood retail strip center located on PR-2 Ponce By-Pass in Ponce, Puerto Rico. Situated in a southern region of the island with a metro population exceeding 300,000, the property benefits from average daily vehicle traffic of 37,000 on the busy bypass, providing strong accessibility for local commuters and residents. The tenant mix focuses on convenience-oriented retail and services, anchored by Advance Auto Parts at 18,240 square feet, alongside dining options like Denny&#39;s, China Garden, New York Style Pizza, and Blanquitas Mexican Restaurant; personal services including Chinito Nails, Oops Salon, and H Legrand Beauty Supply; and other outlets such as Batteries Plus, Boost Mobile, Metro by T-Mobile, Power Sports, and La Familia Casa Empeño. With two vacant spaces totaling approximately 3,114 square feet, occupancy stands at around 95 percent, aligning with Puerto Rico&#39;s robust retail market vacancy of 6.5 percent in the first half of 2025. Lease rates are set at $28 per square foot on a net basis, competitive for the submarket. The surrounding demographics include 16,805 residents within one mile, 66,413 within three miles, and 141,286 within five miles, with an average household income of $21,973, indicating a value-driven consumer base. In Ponce&#39;s retail landscape, the center serves as a convenient stop for everyday needs, though it faces competition from larger enclosed malls like Plaza del Caribe and Southern Park Mall. Leasing advantages include high visibility, ample parking for 264 vehicles, and a stable anchor presence that draws consistent footfall, estimated indirectly from traffic volumes. Potential drawbacks involve the lower income profile limiting higher-end retail viability and occasional economic pressures in Puerto Rico, such as rising value shopping trends amid 1.8 percent volume decline in consumer goods through 2025. Overall, the property offers practical opportunities for service and discount tenants in a recovering market with positive sales growth of 5 percent year-over-year in 2023, extending into stable performance in 2025.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ponce&quot;},&quot;anchor_tenants&quot;:&quot;Advance Auto&quot;,&quot;distance&quot;:44.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;5797&quot;,&quot;anchor_tenants&quot;:&quot;Advance Auto&quot;}},{&quot;id&quot;:8883,&quot;slug&quot;:&quot;centro-comercial-plaza-del-caribe&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Del Caribe&quot;,&quot;lat&quot;:&quot;17.9934306&quot;,&quot;lng&quot;:&quot;-66.6115694&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza del Caribe is an enclosed regional shopping mall located in Ponce, Puerto Rico, at the intersection of PR Highway 2 and Highway 12, serving as the largest retail center in southern Puerto Rico since its opening in 1992. The property spans approximately 800,000 square feet across three levels, featuring over 110 stores, a 12-screen Caribbean Cinemas complex, and a diverse food court with local and chain options. Anchor tenants include Macy&#39;s, JCPenney, Burlington Coat Factory, Riba Smith supermarket, Super 99, and Toys R Us, contributing to a tenant mix that allocates 40% to mid-tier fashion, 20% to services, and the remainder to specialty shops, health and wellness, and entertainment. Occupancy stands at around 90%, reflecting Puerto Rico&#39;s overall retail vacancy rate of 6.5%, with some vacancies in former anchor spaces. Annual footfall averages 10-12 million visitors, supported by regional draw and events like live music and holiday programming, though dwell time is about 120 minutes. The primary trade area covers Ponce and surrounding municipalities, with a population exceeding 500,000 within a 20 km radius, characterized by middle-class families, a median household income of $25,000, and a median age of 42. Sales per square foot are estimated at $300 annually, below national averages but stable post-pandemic. Leasing advantages include competitive base rents of $22-28 per square foot on a triple net basis, with 3% annual escalations and flexible terms for emerging categories like health and wellness; ample free parking for over 4,000 vehicles enhances accessibility via major highways. However, challenges include limited public transit, economic pressures from 8% unemployment and $12,000 average household income in some metrics, vulnerability to hurricanes requiring high insurance costs, and competition from e-commerce capturing 20% of retail spend. Market saturation in apparel and aging infrastructure in common areas pose risks, with sales volatility of 5-7%; operational quality is high due to recent HVAC and lighting upgrades, but non-essential retail faces seasonal fluctuations tied to tourism.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ponce&quot;},&quot;anchor_tenants&quot;:&quot;JCPenney, Macy&#39;s, Burlington Coat Factory&quot;,&quot;distance&quot;:45.56,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;102193&quot;,&quot;anchor_tenants&quot;:&quot;JCPenney, Macy&#39;s, Burlington Coat Factory&quot;}},{&quot;id&quot;:8876,&quot;slug&quot;:&quot;centro-del-sur-mall&quot;,&quot;name&quot;:&quot;Centro Del Sur Mall&quot;,&quot;lat&quot;:&quot;18.01167&quot;,&quot;lng&quot;:&quot;-66.61444&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro del Sur Mall, located at Miguel A. Pou Boulevard in central Ponce, Puerto Rico, is a 249,010 square foot regional shopping center that opened in 1962 as the islands largest mall until surpassed by Plaza Las Americas in 1968. Recently remodeled, it serves as a traditional retail hub in Ponce, the second-largest city known as the Pearl of the South for its beaches and historic charm. The property benefits from urban renewal in the nearby historic zone, enhancing visibility and traffic flow. Tenant mix includes national anchors like Burlington Coat Factory (opened 2011), Marshalls, and Rent-A-Center, alongside local stores such as Kress, Rainbow, Payless Shoesource, All Ways 99, and Bakers, plus over 50 specialty shops, 30 kiosks, and a food court with KFC and Pizza Hut. Unique features include a zig-zag prefab concrete roof and dedicated community event spaces with free classroom facilities for local training and meetings, fostering community ties. Ponce metro area has a population of about 250,000, with a median household income around $20,000, reflecting a middle to lower-income demographic reliant on discount retail. Leasing advantages include central accessibility via PR-1 and PR-163 highways, proximity to the Ponce Public Library and upper-class suburb Urbanizacion La Alhambra, and established footfall from local shoppers seeking value-oriented merchandise. However, as an older property, it faces challenges from larger competitors like Plaza del Caribe, which offers more upscale and entertainment options. Market saturation in discount categories and economic pressures in Puerto Rico, including post-hurricane recovery and population shifts, impact performance. Occupancy appears stable with diverse tenants, though specific rates are not publicly detailed; rent levels in Ponce retail spaces typically range $15-25 per sq ft annually, lower than San Juan. Overall, it provides solid exposure for budget retailers in a stable, community-focused environment but requires strategies to counter regional competition and infrastructure maintenance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ponce&quot;},&quot;anchor_tenants&quot;:&quot;Marshall&#39;s, Burlington Coat Factory&quot;,&quot;distance&quot;:44.83,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;23134&quot;,&quot;anchor_tenants&quot;:&quot;Marshall&#39;s, Burlington Coat Factory&quot;}},{&quot;id&quot;:8755,&quot;slug&quot;:&quot;plaza-del-caribe-1&quot;,&quot;name&quot;:&quot;Plaza Del Caribe&quot;,&quot;lat&quot;:&quot;17.99365&quot;,&quot;lng&quot;:&quot;-66.61147&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza del Caribe is an enclosed regional shopping mall located at the intersection of Puerto Rico Highway 2 (Ponce Bypass) and PR-12 in Ponce, Puerto Rico, spanning 1,100,000 square feet of gross leasable area across two floors with 4,000 parking spaces. Opened in 1992 after development delays, it is owned and managed by Empresas Fonalledas and serves as the largest mall in southern Puerto Rico, drawing from a regional trade area of over 470,000 consumers across multiple municipalities. The Ponce metropolitan area has a population of approximately 274,000, with a median household income of $20,646 and per capita income of $14,020, reflecting economic challenges including high poverty rates around 45%. The tenant mix includes about 140 stores and services, with a focus on apparel and footwear (40% of space), anchored by JCPenney, Macy&#39;s, and an upcoming Burlington Coat Factory in the former Sears space (Sears closed in 2020). Other notable tenants include Zara, Gap, Old Navy, Victoria&#39;s Secret, Bath \u0026 Body Works, Foot Locker, and a renovated 10,500-square-foot food court featuring local and chain options like Starbucks and P.F. Chang&#39;s. Puerto Rico&#39;s overall retail market remains strong in 2025, with 50 million square feet of space and a low vacancy rate of 6.5%, though southern region performance is influenced by lower incomes and tourism fluctuations. Leasing advantages include high regional dominance, highway accessibility reducing travel barriers, and ongoing renovations (e.g., $40 million expansion in 2015 adding 60,000 square feet), supporting stable footfall estimated at regional levels. However, risks involve anchor turnover, as seen with Sears and former González Padín, and broader market pressures from e-commerce growth and economic recovery post-hurricanes. Base rents typically range $22-28 per square foot NNN, with common area maintenance fees of 10-15%, aligning with island averages but varying by location quality. Occupancy hovers near 90%, benefiting from limited direct competition in the south, though smaller centers like Plaza del Sur exist nearby.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ponce&quot;},&quot;anchor_tenants&quot;:&quot;JCPenney, Macy&#39;s, Burlington Coat Factory&quot;,&quot;distance&quot;:45.57,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;110&quot;,&quot;gla_sqm&quot;:&quot;102193&quot;,&quot;anchor_tenants&quot;:&quot;JCPenney, Macy&#39;s, Burlington Coat Factory&quot;}},{&quot;id&quot;:8793,&quot;slug&quot;:&quot;plaza-del-sur-2&quot;,&quot;name&quot;:&quot;Plaza Del Sur&quot;,&quot;lat&quot;:&quot;18.0&quot;,&quot;lng&quot;:&quot;-66.61&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza del Sur is an open-air shopping center located on Puerto Rico Highway 2 in the southern part of Ponce, Puerto Rico, serving as a convenient neighborhood retail destination for local residents. Spanning approximately 150,000 square feet, it features a mix of discount retailers, service-oriented tenants, and casual dining options, including pharmacies, banks, and local eateries. The center benefits from high accessibility via major roadways, with proximity to residential neighborhoods and easy parking availability. In the context of Ponce&#39;s retail market, which saw a 5% year-over-year sales increase in Puerto Rico shopping centers as of 2023 data extended into 2025 trends, Plaza del Sur maintains an occupancy rate of about 85%, slightly above the island&#39;s average vacancy of 6.5%. Tenant mix emphasizes value-oriented categories like apparel, footwear, and everyday essentials, with anchors such as a regional grocery or discount store drawing consistent footfall estimated at 5,000-7,000 daily visitors based on similar centers. Market position is as a secondary retail node, supporting Ponce&#39;s population of 137,000 and metro area of over 250,000, where median household income hovers around $18,000, influencing a focus on affordable goods. Leasing advantages include competitive base rents of $12-18 per square foot annually, flexible lease terms up to 5 years, and lower operating expenses compared to enclosed malls. However, challenges include aging infrastructure requiring occasional maintenance and competition from dominant regional malls like Plaza del Caribe, which boasts higher footfall and national anchors. Operational quality is adequate with standard security and maintenance, but lacks the entertainment draw of larger venues. Demographic profile targets families and middle-income shoppers, with strong local loyalty but limited tourist traffic. Overall, it offers practical leasing for retailers seeking stable, community-based performance without high entry costs, though saturation in discount categories poses risks for new entrants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ponce&quot;},&quot;anchor_tenants&quot;:&quot;Claro, Local Supermarket, Pharmacy&quot;,&quot;distance&quot;:45.56,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Claro, Local Supermarket, Pharmacy&quot;}},{&quot;id&quot;:8785,&quot;slug&quot;:&quot;centro-comercial-yauco&quot;,&quot;name&quot;:&quot;Centro Comercial Yauco&quot;,&quot;lat&quot;:&quot;18.02776&quot;,&quot;lng&quot;:&quot;-66.8533&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Yauco Plaza, referred to as Centro Comercial Yauco, functions as a community-oriented shopping center in Yauco, Puerto Rico, divided into two sections by PR-128 highway. Operational for over 32 years, it caters to the local municipalitys population of roughly 15,300 residents, providing essential retail, dining, and services in a strip mall format. Prominent tenants encompass Marshalls for discount apparel and home goods, Walgreens for pharmacy and health products, Me Salvé supermarket as a grocery anchor, and local outlets for clothing, footwear, and accessories. Dining selections include fast-casual eateries serving Puerto Rican specialties alongside chain options. Additional amenities feature banks and financial services for on-site convenience. Accessibility via the main PR-128 route supports vehicular traffic, complemented by sufficient parking facilities. The centers market position targets everyday needs in a rural southwest region, with footfall concentrated among local families and elevated on weekends. Regional data indicates occupancy rates around 85-90 percent for similar properties, with average rent levels of $18-22 per square foot on a net-net-net basis. Strengths include proximity to residential areas and anchor stability; weaknesses involve limited tourist appeal and exposure to Puerto Ricos economic volatility, including post-hurricane recovery challenges and infrastructure maintenance needs.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Yauco&quot;},&quot;anchor_tenants&quot;:&quot;Marshalls,Banco Popular&quot;,&quot;distance&quot;:19.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;8050&quot;,&quot;anchor_tenants&quot;:&quot;Marshalls,Banco Popular&quot;}}]}" data-map-update-url-value="/malls/plaza-san-german" id="mall-map-wrapper"><div data-city="San Germán" data-current-mall="true" data-id="plaza-san-german" data-lat="18.08968" data-lng="-67.03046" data-map-target="mall" data-name="Plaza San Germán" 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">10 km</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">30 km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">31,514 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">-1.5</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">$17,921 USD</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">9.7</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">92 Index (US=100)</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">$4,200 USD per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">$450 USD per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">$3,100 USD per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">$350 USD per year</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">300,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">60 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">$4,800 USD</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">25 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">Low</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">Medium</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">17,170 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">$269 USD per year</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">High</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Moderate</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">150 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">Low</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">20.0</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">4 Incidents per 1,000 visitors</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">CCTV and guards</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">Monthly</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">30.0</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">-0.5</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Limited</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>