KM 24.1 Of PR-31, Juncos, PR, 00777, PR

Juncos Plaza

Description

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 Juncos Plaza, a 209,394 square foot grocery-anchored shopping center situated on ±21.82-acres in Juncos, Puerto Rico. Located approximately 15-miles southeast of San Juan, Juncos is a major Puerto Rico business hub and features one of the largest manufacturing concentrations on the island, including Amgen, Medtronic, and Becton Dickinson.

The Property is currently 96.6% leased to a strong roster of national retailers led by Supermercado Amigo, Burlington, Marshalls, National Lumber & Hardware and Grand Way. The Property also includes four, high-profile single-tenant outparcels leased to Pep Boys, Church’s Kitchen), Burger King, and Taco Bell.

Local Broker

Andrew D. Carlson

727 403 2503

PR License #C-17494

JLL Puerto Rico Realty & Co., S. En C. | License Number: E-297

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Attributes

Building area net

19,453 sm

Occupancy

96.6%

Year built

1998

Land area net

8.83 ha

WALT

4.7 years

Parking spaces

1,236

Media

Investment highlights

Market-dominant center anchored by Supermercado Amigo, Burlington, Marshalls, National Lumber & Hardware, Me Salve, Pep Boys and Grand Way
Priced significantly below replacement cost, 61%, in a high-barrier to entry market
Significant leasing momentum with 40.8K SF of new leases and 118K SF of renewals signed over the past 3 years
Over $1.2M in capital improvements spent since 2022 including lift station repairs (2022-2024), new parking lots (2023-2025), major roof repairs (2023), landscaping (2024), sidewalk replacement (2024) and exterior painting (2024)
Exceptional regional accessibility with a strategic location along PR-31, the primary east-west commercial corridor serving Juncos