Plaza Centro_Property for Sale
Plaza Centro_Property for Sale

Plaza Centro

200 Avenue Rafael Cordero, Caguas, Puerto Rico

Asset 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 Centro I, a 280,279 square foot shopping center situated on 25 acres in Caguas, Puerto Rico. The property is currently 93.6% leased to a strong roster of retailers led by Burlington, Ross Dress for Less, the IRS and Me Salve. The Property also includes five, high-profile single tenant outparcels leased to Burger King, Chili’s, Ponderosa Steakhouse, KFC, and Qdoba. The Property is shadow anchored by Plaza Centro II, a 599,409 square foot retail plaza anchored by Costco, Sam’s Club, JC Penny, PetSmart, and Planet Fitness, which are not included in the Offering. 

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Attributes

Building area net
280,279 sf
Occupancy
93.6%
Year built
1987
Land area net
25.24 acres
Parking spaces
1,700
WALT
5.8 years

Media

Investment highlights

  • MARKET DOMINANT AND HIGH-PERFORMANCE TENANCY 
  • SECURE AND STABLE CASH FLOW
  • RECENTLY EXECUTED ROSS DRESS FOR LESS LEASE
  • EXCEPTIONAL LEASING MOMENTUM
  • OUTPARCEL SPINOFF OPPORTUNITY
  • $1.7M IN RECENT CAPITAL IMPROVEMENTS
Plaza Centro 4_Property for Sale
Plaza Centro 4_Property for Sale

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Plaza Centro (0 Properties)

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Last updated
Apr 29, 2025