Eastern Plaza
Eastern Plaza Ave. Valero, Fajardo, 00738
$8,650,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
73,816 sqft
Land Size
7.97 acres
Zoning
-
I R R
15% 10-yr Unlevered IRR
Parking
393
Adj Walt
10.4 Years Option- Adjus
Cap Rate
9.5
Year Walt
3.2
Asking $ Psf
117
Property Description
Eastern Plaza – 100% Leased, High-Yield Retail Center in Fajardo, Puerto Rico
Eastern Plaza is a fully occupied, 73,816 SF neighborhood retail center anchored by national tenants including Pep Boys, West Marine, Rooms To Go, Social Security Agency, Cenote Restaurant, and Popeyes. This property offers investors stable, in-place cash flow with long-term upside in a supply-constrained Puerto Rico retail market.
Investment Highlights:
- $8,650,000 Asking Price | 9.5% Cap Rate | $117/SF
- 100% leased to 6 tenants with a 3.2-year WALT (10.4-year option-adjusted WALT)
- Minimal near-term rollover risk; most tenants have renewal options
- Attractive basis vs. replacement cost (~$300/SF)
- Favorable Act 60 tax advantages for eligible investors
- Located in Fajardo, a dynamic coastal destination with strong local demand and tourism-driven traffic
Why Consider Eastern Plaza?
- Durable, bond-like cash flow
- Diversified tenant mix with national anchors
Next Steps: Request the full Offering Memorandum and access to the Deal Room by signing the online NDA.
