The Outlet & Commercial Shopping Center

Fully Occupied Retail Shopping Center – San Sebastián

Exceptional investment opportunity in the thriving commercial heart of San Sebastián. The Outlet & Commercial Center is a fully occupied retail complex offering strong income, prime visibility, and strategic positioning

Selling Price: $2,150,000

Cap Rate: 10% (with upside potential)

Status: 100% Occupied

Prime Location: Northeast Corner of PR-446 & PR-111 Km. 0.5, Guatemala Ward, Lot 2-2-1 San Sebastián, PR 00685

Coordinates: 18.34774912, -66.99912145

Property Highlights:

• Gross Building Area: 32,848 SF
• Leasable Area: 31,914 SF (2,964.90 m²)
• Lot Size: 3.78 cuerdas / 3.67 acres (14,857 SM / 159,919.41 SF)
• Zoning: IL (Light Industrial) with Use Permit for Strip Shopping
• Flood Zone: FEMA Zone “X” (outside flood hazard area)
• Flood Panel: 72000C0555J (Revised: Nov. 18, 2009)
• Parking: 119+ marked spaces (ratio 3.34)
• Utilities: Full access to electric power, potable water, and municipal services
• Construction Type: Reinforced concrete, iron columns and aluminum

Income & Investment Potential:

• Current Annual Net Operating Income: $215,189
• Cap Rate: 10% (with projections over 11.76% in 12 months)
• Future Development Potential: Space available for further expansion of retail, office, or mixed-use units to significantly increase revenue

Strategic Commercial Location:

Ideally situated between Highways PR-111 and PR-446, in the heart of San Sebastián’s most active commercial corridor. The center benefits from high visibility, multiple ingress/egress points, and heavy consumer traffic from surrounding municipalities such as Moca, Aguada, Lares, Arecibo, Isabela, Camuy, Aguadilla, Añasco, and Las Marías.

Neighboring Tenants Include:

Banco Popular, Walgreens, Wendy’s, El Mesón, Subway, Church's Chicken, McDonald’s, Burger King, National Lumber, Berríos Furniture, Pep Boys, AutoZone, FirstBank, major Credit Unions, and many more.

Additional Features:

• 20 electric meters
• 500 KVA electrical substation
• Level topography with excellent drainage
• High-performing and stable tenant base
• Ample land for vertical or lateral development

Zoning & Highest and Best Use:

• As Vacant: Hold for future commercial expansion
• As Improved: Fully operational commercial income-producing asset
• Permit Use: Strip Shopping

With stable cash flow, expansion potential, and a premier location, this commercial asset stands out with long-term growth in one of the region’s most active commercial corridors. Contact us today to schedule a private showing or request additional information.