Manati Centro Plaza
PR 149 Intersection PR2, Manatí, 00674, Puerto Rico
10 720 mètres carrés
Descriptif
JLL Puerto Rico Realty & Co., S. En C., (Puerto Rico Real Estate Company License E-297), in cooperation with JLL Americas, is pleased to offer the opportunity to acquire Plaza Cayey and Plaza Walmart, collectively know as the Walmart Puerto Rico Portfolio. The Portfolio features two market-dominant retail centers, currently 97.4% leased, offering investors immediate, durable cash flow with significant growth potential. The Walmart Puerto Rico Portfolio offers the opportunity to acquire Plaza Cayey and Plaza Walmart individually or on a portfolio basis.
Plaza Cayey is a premier regionally dominant shopping center situated in Cayey, Puerto Rico and features a diverse line up of national tenants including a high performing 186,000 square foot ground leased Walmart with over 25-years of tenure and 60-years of renewal options.
Plaza Walmart is a leading center positioned in the historical coastal Guayama region featuring a high performing Walmart. The property has been recently repositioned by current ownership, adding a brand new outparcel pad leased to Chick-fil-A and executing over 19,000 square feet of new inline leasing. Plaza Walmart features immediate upside via the lease-up of 5,500 square feet, along with long-term income security and durability via the high trafficked and tenured Walmart.
The Walmart Puerto Rico Portfolio offers the opportunity to acquire, on a portfolio or individual basis, two necessity-based retail centers in infill locations with long-tenured tenancy, robust NOI growth via mark-to-market and lease up, and highly attractive risk-adjusted yields at an investment basis significantly below replacement cost.
Broker of Record - Andy Carlson
License #: C17194
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Attributs
Superficie du bâtiment nette
44 426 mètres carrés
Occupation
97,4 %
Superficie du terrain nette
17,48 ha
Average Tenure
23.5 Years
National Tenancy GLA
87.4
Year-10 CAGR
3.4
Walmart Puerto Rico Portfolio (2 Propriétés)
Walmart Puerto Rico Portfolio (2 Propriétés)
Média
Points forts de l'investissement
- 65.5% of the portfolio GLA is leased to Walmart, which carries an investment grade credit rating of AA
- Walmart provides shop tenants with consistent foot traffic aiding in customer activity and sales performance
- Seven outparcels within the portfolio, with six out of the seven being name brand national tenants, offering secure and stable cash flows with spin-off opportunities
- Recent asset repositioning, including a new Planet Fitness & Chick-fil-A, enhance credit quality, foot traffic, and create an opportunity to further improve the tenant line up with name brand national tenants
- Significant value creation with over 61% of inline GLA below market allowing for a 4.5% year-5 and 3.3% year-10 CAGR
- Priced significantly below replacement cost, creating highly favorable risk adjusted returns
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Dernière mise à jour
May 28, 2026
