This prime investment opportunity at 209-211 Eleanor Roosevelt Avenue in Hato Rey, San Juan, PR, features a 16,634 SF free-standing retail building on a 21,528 SF lot, fully occupied by HCOA Fitness under a new 10-year absolute NNN lease with two 5-year renewal options. Priced at \$4,550,000 (or best offer) and delivering a strong 13.2% first-year cap rate, the property offers passive investors long-term stability with zero landlord responsibilities, 8% rent increases every five years, and potential tax benefits through depreciation. Strategically located in the bustling commercial district near Plaza Las Américas and the Choliseo, the property includes 40 parking spaces, a full-power generator, and is zoned C-1 (Commercial), making it a highly attractive, low-maintenance asset with strong income and value appreciation potential.
Hato Rey-Single-Tenant Absolute NNN Lease - FOR SALE, San Juan - Hato Rey Puerto Rico, Cuartos 0, Baños 0, Precio
$4,550,000,
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Single-Tenant Absolute NNN Lease - FOR SALE For Sale in Puerto Rico, Clasificados Online
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This prime investment opportunity at 209-211 Eleanor Roosevelt Avenue in Hato Rey, San Juan, PR, features a 16,634 SF free-standing retail building on a 21,528 SF lot, fully occupied by HCOA Fitness under a new 10-year absolute NNN lease with two 5-year renewal options. Priced at \$4,550,000 (or best offer) and delivering a strong 13.2% first-year cap rate, the property offers passive investors long-term stability with zero landlord responsibilities, 8% rent increases every five years, and potential tax benefits through depreciation. Strategically located in the bustling commercial district near Plaza Las Américas and the Choliseo, the property includes 40 parking spaces, a full-power generator, and is zoned C-1 (Commercial), making it a highly attractive, low-maintenance asset with strong income and value appreciation potential.
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