Listing Agency: CBRE - San Diego m***@cbre.com Show Phone

Listed By: Michael Peterson · License #01969314 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Jul 30 at 3:15AM

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Investment Insights

Based on property information with market context.

This 78,185 square foot neighborhood shopping center is anchored by Vons Supermarket and Rite-Aid. The property is located in the University City community of San Diego, California, on Governor Drive. Traffic counts indicate approximately 19,211 cars per day on Governor Drive, 28,932 cars per day on Genesee Avenue, and 202,000 cars per day on the 805 Freeway.

Key Highlights

• Anchored by Vons Supermarket and Rite‑Aid.
• Located in the affluent University City community of San Diego.
• 78,185 SF Neighborhood Shopping Center.

Property Analytics

Property Profile

Current Use

The Coffee Bean & Tea ... Cafe & Coffee Shop Dhir Dentistry Dental Office

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Food Market Parking Lot & Garage Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

575

Businesses Nearby

80k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 40% Groceries 35% Dining 26%

VONS Groceries

27,739 visits/mo 0.2 miles

Chevron Shops & Services

14,208 visits/mo 0.0 miles

The Coffee Bean & Tea Leaf Dining

9,589 visits/mo 0.1 miles

Mobil Shops & Services

7,697 visits/mo 0.1 miles

Carl's Jr. Dining

7,606 visits/mo 0.3 miles

Demographics for 92122, CA

45,646

Population

21,349

Households

2.1

Avg Household Size

32

Median Age

74%

College-Educated

96%

High-School Grad

5.4 sq mi

ZIP Area

8,453

Density / Sq Mi

$98,825

Median Household Income

$60,483

Median Earnings

$2,601

Median Rent

$1,005,000

Median Home Value

Market

Vacancy Rate% for Retail in San Diego, CA

4.9% 2019

6% 2020

5.8% 2021

4.5% 2022

4.4% 2023

4.4% 2024

4.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this strip malls located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Strip mall - 78,185 SF shopping center anchored by Vons and Rite-Aid.

Where is this strip mall located?

The property is located at 3939 Governor Drive San Diego, CA.

What are key features of this property?

This property features: Anchored by Vons Supermarket and Rite‑Aid.; Located in the affluent University City community of San Diego.; 78,185 SF Neighborhood Shopping Center.