Single-Tenant Absolute NNN Lease - FOR SALE

209-211 Eleanor Roosevelt Avenue, Hato Rey, San Juan, PR 00918

  • For Sale $4,550,000
  • Property Type Retail - Freestanding
  • Property Size 16,634 SF
  • Lot Size 0.49 Acre
  • Property Tenancy Single Tenant
  • Date Updated Jun 18, 2025
Discover the dynamic neighborhood of Hato Rey, San Juan, PR, where the property is located. This vibrant area is a commercial epicenter, with an array of office buildings, retail centers, and cultural attractions. Just moments away, you'll find the renowned Plaza Las Américas, the largest shopping center in the Caribbean, offering a diverse mix of retail, dining, and entertainment options. The nearby José Miguel Agrelot Coliseum, known as the "Choliseo," hosts major concerts, exhibitions, and events, adding to the lively atmosphere of the area. With its strategic location and thriving business community, Hato Rey presents an exceptional opportunity for commercial building investors seeking a prime investment in San Juan.Introducing a prime investment opportunity in the heart of San Juan, PR: 209-211 Eleanor Roosevelt Avenue. This 16,634 SF Free Standing Building, zoned C-1 (Commercial), boasts 100% occupancy with a single-tenant, HCOA Fitness, a prominent gym chain with a solid track record and a new 10-year lease offering long-term stability. With an asking price of $4,550,000 or best offer, this property presents an ideal investment for passive investors, featuring an absolute NNN lease, 8% rent increments every five years, and zero landlord responsibilities. Don't miss this chance to acquire a lucrative investment property with strong cash flows and value appreciation potential.
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Highlights

  • 1st Year Cap Rate: 13.2%
  • Absolute NNN lease with zero landlord responsibilities - HCOA handles all building expenses, repairs and maintenance.
  • Access & Frontage: through Eleanor Roosevelt Avenue
  • Asking Price: $4,550,000 or Best Offer
  • Eight percent (8%) rent increments every five (5) years, boosting NOI, cash flows, and providing an inflation hedge with value appreciation potential.
  • Financial data available upon request.
  • Flood Classification: 0.2 PCT
  • Full-operating capacity power generator.
  • Ideal for passive investors: Single-tenant absolute NNN lease offers hassle-free management with tenant covering all expenses.
  • Improvements: 16,634 square feet 2-story building
  • New 10-year lease with two 5-year renewal options, offering long-term stability, land & building ownership, and tax benefits through depreciation.
  • Parking Spaces: 40
  • Single-Tenancy: Founded in 2010 and with its headquarters in Miami, Florida, HCOA Fitness is a leading gym chain in Puerto Rico having 14 locations, 114 employees, strong customer loyalty, and proven growth.
  • Site Area: 2,000 square meters, equivalent to 21,527.82 square feet
  • Site Shape: Rectangular
  • Topography: Level, at street grade
  • Zoning: C-1 (Commercial)

Contacts

broker
Daniel Prieto, MAI, CCIM

Christiansen Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    83/100 Very Walkable
Powered by Walk Score ®
  • City San Juan, PR
  • Neighborhood El Vedado
  • Zip Code 00918

Points of Interest

  • Parada de Taxis - Plaza Las Américas

    0.85 miles

  • Universidad (Plaza Universitaria)

    1.28 miles

  • Universidad (Museo)

    1.29 miles

  • Río Piedras

    1.58 miles

  • Cupey

    2.11 miles

  • Centro Médico

    2.23 miles

  • Martínez Nadal

    3.39 miles

  • Deportivo

    6.12 miles

  • Puma

    0.26 miles

  • Mobil

    0.40 miles

  • Texaco

    0.59 miles

  • Gulf

    0.71 miles

  • Total

    0.92 miles

  • Blink

    3.12 miles

  • Tesla Supercharger

    3.14 miles

  • Valera Parking Service

    0.45 miles

  • Multipiso Torre Chardón

    0.55 miles

  • Multipiso 2

    0.82 miles

  • Torre del Cardenal parking structure

    0.86 miles

  • Multipiso 1

    1.05 miles

  • Condominio Universitario

    1.10 miles

  • Estacionamiento S

    1.14 miles

  • Estacionamiento D1

    1.19 miles

  • Estacionamiento U

    1.19 miles

  • Estacionamiento T

    1.24 miles

  • Yum Yum Tree Restaurant

    0.18 miles

  • Metropol

    0.22 miles

  • McDonald's

    0.23 miles

  • Chotis en Ávila

    0.25 miles

  • Bistro Pizza

    0.27 miles

  • La Cornucopia

    0.27 miles

  • Cayo Caribe

    0.30 miles

  • Los Chavales

    0.30 miles

  • Slice

    0.32 miles

  • Basil Café

    0.32 miles

  • Econo

    0.73 miles

  • Freshmart

    0.80 miles

  • Pueblo

    0.82 miles

  • Plaza Las Américas

    0.89 miles

  • Macy's

    0.92 miles

  • Macy's Backstage

    0.93 miles

  • Sears

    0.98 miles

  • JCPenney

    0.98 miles

  • Jetson

    1.03 miles

  • Marshalls

    1.08 miles

Frequently Asked Questions

How much does Single-Tenant Absolute NNN Lease - FOR SALE cost?

The space currently listed for sale at Single-Tenant Absolute NNN Lease - FOR SALE asks for $4,550,000.

What is the total square footage of Single-Tenant Absolute NNN Lease - FOR SALE?

Single-Tenant Absolute NNN Lease - FOR SALE totals 16,634 square feet.

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Contact Listing Broker
broker
Daniel Prieto, MAI, CCIM

Christiansen Commercial Real Estate

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