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200 Ave Rafael Cordero 283,457 SF 94% Leased Retail Building Caguas, PR 007253740 For Sale

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EXECUTIVE SUMMARY

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.
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

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
283,457 SF
Year Built/Renovated
1987/2017
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
25.23 AC

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 10A-1
  • 12,346 SF
  • Retail
  • -
  • Now

Retail spaces for lease Plaza Centro I is a 283,454 SF strip center located in the Rafael Cordero Ave. at Caguas, PR. The mall include around 29 stores, including Burlington Coat Factory, Chuck E. Cheese, Me Salve, Novus, Always 99; restaurants like Chili’s, KFC, Ponderosa, among others. The center was remodeled in 2017 and enjoys exceptional curb appeal. Also, the mall provides 1,040 parkings and 24/7 security. The property benefits from a great location and visibility. Adjacent to the property is Plaza Centro II, anchored by Sam’s, PetSmart, J.C. Penney, Party City, Office Max and Costco. Walmart Super Center and several outparcels like Longhorn Steakhouse, Krispy Kreme and McDonald’s) sit just south of the property.

  • 30B
  • 3,122 SF
  • Retail
  • -
  • Now
  • 32
  • 5,597 SF
  • Retail
  • -
  • Now
  • 33A
  • 5,597 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
10A-1 12,346 SF Retail - Now
30B 3,122 SF Retail - Now
32 5,597 SF Retail - Now
33A 5,597 SF Retail - Now

10A-1

Size
12,346 SF
Space Use
Retail
Position
-
Available
Now

30B

Size
3,122 SF
Space Use
Retail
Position
-
Available
Now

32

Size
5,597 SF
Space Use
Retail
Position
-
Available
Now

33A

Size
5,597 SF
Space Use
Retail
Position
-
Available
Now

10A-1

Size 12,346 SF
Space Use Retail
Position -
Available Now

Retail spaces for lease Plaza Centro I is a 283,454 SF strip center located in the Rafael Cordero Ave. at Caguas, PR. The mall include around 29 stores, including Burlington Coat Factory, Chuck E. Cheese, Me Salve, Novus, Always 99; restaurants like Chili’s, KFC, Ponderosa, among others. The center was remodeled in 2017 and enjoys exceptional curb appeal. Also, the mall provides 1,040 parkings and 24/7 security. The property benefits from a great location and visibility. Adjacent to the property is Plaza Centro II, anchored by Sam’s, PetSmart, J.C. Penney, Party City, Office Max and Costco. Walmart Super Center and several outparcels like Longhorn Steakhouse, Krispy Kreme and McDonald’s) sit just south of the property.

  • Listing ID: 35743117

  • Date on Market: 5/5/2025

  • Last Updated:

  • Address: 200 Ave Rafael Cordero, Caguas, PR 007253740

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