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Last updated on November 29th, 2022

West Marine - NNN Leasehold

$7,253,176

135 Av. Arterial, San Juan 00915


Building Size25,000 Square Feet
Land Size0.68 Acres
ZoningDT
Parking132
Year Built2015

The CBRE Net Lease Property Group is pleased to exclusively offer the leasehold interest in a 25,000-square-foot West Marine situated on 0.68 acres in San Juan, Puerto Rico—part of the San Juan-Caguas-Guaynabo MSA (MSA Population: 2.5M). West Marine’s NNN leasehold features minimal landlord responsibilities (roof and structure) and ±8.9 years of term remaining with a 10% rent increase in February 2026 and 10% rent increases in each of the six 5-year renewal options. In addition to building rent, Tenant also pays the underlying ground rent. The site is one of West Marine’s larger store footprints, and is positioned with excellent access and visibility along Avenue Arterial B, just feet from the on-ramp to Highway 1—which connects the cities of Ponce, Salinas, Cayey and San Juan.

Investment Contacts:

WILL PIKE
Vice Chairman
+1 404 923 1381
will.pike@cbre.com


BRIAN PFOHL
Executive Vice President
+1 404 504 7893
brian.pfohl@cbre.com


CHRIS BOSWORTH
Vice Chairman
+1 404 923 1486
chris.bosworth@cbre.com


THOMAS CARR
Senior Analyst
+1 404 812 5101
thomas.carr4@cbre.com


ANDY CARLSON
Local Puerto Rico Licensee
Lic. C-17494
andy.carlson@am.jll.com


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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