Description

Jones Lang Lasalle Americas, Inc. (“JLL”) in partnership with JLL Puerto Rico Realty & Co. S en C, a Puerto Rico licensed real estate brokerage firm, is pleased to offer the opportunity to acquire Plaza Los Prados, a 164,474 SF grocery-anchored neighborhood center strategically located in Caguas, Puerto Rico. The property is 100% occupied and anchored by a complementary line up of national and regional tenants, including Walgreens, Selectos, and Capri, along with numerous national in-line/outparcel tenants including Pandora, Starbucks, Wendy's, Little Caesars, & Firehouse Subs.

Plaza Los Prados’ prime positioning at the only entrance to the exclusive El Valle Los Prados neighborhood provides a built-in consumer base, ensuring consistent traffic and robust tenant performance.

Broker of Record - Andy Carlson

License #: C17194

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Attributes

Building area net

15,280 sm

Occupancy

100%

Year built

2011

Land area net

5.94 ha

WALT

9.1 years

Average Tenure

15.9 Years

National Tenants

80%

Media

Investment highlights

PROVEN, HIGH VOLUME TENANCY highlighted by exceptional tenant sales including Selectos (grocer) 2025 occupancy cost of 2.2% & Capri’s 2025 occupancy cost of 7.4%
80% OF GLA ARE NATIONAL TENANTS including Selectos,Capri, Walgreens, Wendy’s, Starbucks, Pandora, and Wingstop
ANCHOR RENEWALS & INVESTMENT DEMONSTRATE TENANT LOYALTY with Selectos and Capri recently exercising their options + Selectos recently investing $1.0M+ into their store
VALUE CREATION OPPORTUNITY via mark-to-market of expiring tenants with in-place rents ±18% below market
3 SINGLE TENANT + 2 MULTI-TENANT OUTPARCELS create spin-off opportunities including Walgreens, Wendy’s, Banco Popular, Starbucks, Taco Maker, Subway, and Wingstop