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Rio Grande Town Center PR-3 Km. 28.0

212,264 SF 100% Leased Retail Building Rio Grande, PR 00745 For Sale

Investment Highlights

  • Only shopping center located on the main highway

Executive Summary

The Río Grande Town Center shopping is a grocery-anchored daily needs shopping center with direct access to and from on PR-3 in Río Grande PR. It is situated at the intersection of PR-66 and PR-3, offering the property high traffic, high visibility, and access from every travel direction. The property contains 212,274 square feet and sits on 23.1 acres of land that offers future expansion. The shopping center is on the go home side of the main street in Río Grande which drives the daily grocery store traffic. The Ralph’s Food Warehouse is one of only two grocery stores in a 6.25-mile stretch and the only one located on the main highway. The balance of the center features a diverse range of tenants. Some notable tenants include Marco’s Pizza, Yogen Früz, Exentrix, Sally Beauty, Chinatown, and Wendy’s. These established brands attract a steady flow of customers and contribute to the overall success of the shopping center. Recently a lease was completed with a new car dealership offering interior and exterior showroom capacity. This has created an additional traffic driver to the center. Video: https://youtu.be/cJqEVIpgUIs

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
212,264 SF
Building Class
B
Percent Leased
100%
Tenancy
Multiple
  • Listing ID: 30019188

  • Date on Market: 11/9/2023

  • Last Updated:

  • Address: PR-3 Km. 28.0, Rio Grande, PR 00745

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