Commercial Land & Building Lease in Condado

For Sale & Lease

Property Description

Prime commercial location at the corner of Ashford Avenue and Manuel Rodriguez Serra Street in Condado, San Juan, Puerto Rico. This 1,050-square-meter parcel features a stand-alone building of approximately 4,000 square feet, including drive-through facilities and eight dedicated parking spaces. Burger King® operated under a triple net lease for the past 50 years from this property now in the open market. With its unbeatable visibility, accessibility, and location, this commercial land and building offers a truly unique opportunity for stable investment and potential redevelopment right in the heart of Ashford Avenue in Condado, one of Puerto Rico’s most vibrant commercial and touristic corridors with expected future growth.

Location Description

1405 Ashford Avenue is strategically located at the highly visible northeast corner of Ashford Avenue and Manuel Rodriguez Serra Street in Condado, within the North Santurce Ward of San Juan, Puerto Rico. Ashford Avenue is one of Puerto Rico’s most iconic and active thoroughfares, serving both a strong local community and a steady flow of tourists. The area is home to prestigious institutions and popular destinations, including Ashford Community Hospital, St. John’s School, Robinson School, AC Hotel by Marriott, Condado Vanderbilt Hotel, La Concha Resort, and a wide variety of restaurants such as Antonio’s, Sobao, Cayo Caribe, Via Appia, Burrito Social, and STK Steakhouse. The property's location ensures exceptional pedestrian and vehicular traffic, driving both walk-in and drive-thru business.

Highlights

• For Sale & Lease
• Prime Commercial Corner: Located at Ashford Avenue & Manuel Rodriguez Serra Street
• Lot Size: 1,050 square meters
• Building Size: ±4,000 square feet
• Features: Drive-through facilities and eight on-site parking spaces
• Current Use: Leased to Burger King® under triple net (NNN) terms
• Lease History: In continuous operation since 1974 as the renowned “Burger King de Condado”
• Zoning: CT – Commercial/Touristic
• Flood Zone: Zone X – Minimal flood risk (FEMA)
• Access: Dual frontage and access via Ashford Avenue and Manuel Rodriguez Serra Street
• Traffic: High pedestrian and vehicular traffic ensure strong customer flow
• Surroundings: Proximity to hospitals, schools, hotels, and popular restaurants
• Lease Termination: 90-day notice required