Grocery-Drug Anchored Shopping
For Sale
Contact for pricing
Pending
1601 S Melrose Dr, Vista, CA 92081
Neighborhood shopping center anchored by Albertsons and CVS Pharmacy, with approximately 17% vacant GLA.
Property SizeContact for details
Days on Market119
Property Features for 1601 S Melrose Dr
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
REZA Investment Group
Listed By:
Aaron Bettencourt · License #CA 01194991
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Aug 7 at 7:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REZA Investment Group
Investment Insights
Based on property information with market context.
Melrose Village Plaza is an institutional-quality neighborhood shopping center anchored by Albertsons and CVS Pharmacy. The center includes a total of approximately 23,046 square feet of vacant GLA, representing about 17% of the total GLA across the collateral. In addition to the anchors, the tenant mix includes Dollar Tree and other national and regional tenants such as UPS Store, H&R Block, Edward Jones, Phenix Salon Suites, Fantastic Sam’s, and Chase Bank as a freestanding pad.
The property is located along Melrose Dr., a main north/south arterial in the Vista/Oceanside submarkets, and has visibility to over 42,250 vehicles per day. CVS Pharmacy occupies 22,154 square feet of GLA and has a current rent of $8.22 PSF/Year, with lease expiration in May 2025 and no options remaining.
The property is located along Melrose Dr., a main north/south arterial in the Vista/Oceanside submarkets, and has visibility to over 42,250 vehicles per day. CVS Pharmacy occupies 22,154 square feet of GLA and has a current rent of $8.22 PSF/Year, with lease expiration in May 2025 and no options remaining.
Key Highlights
- 136,672 SF neighborhood shopping center anchored by Albertsons and CVS Pharmacy in Vista, CA
- Approximately 23,046 SF vacant GLA (17% of total GLA), offering value‑add vacancy/lease‑up potential
- CVS Pharmacy lease is 22,154 SF with below‑market rent of $8.22 PSF/year
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
100k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 37%
Dining 5%
Beauty & Spa 4%
Albertsons
Groceries
37,430 visits/mo
0.1 miles
Dollar Tree
Shops & Services
17,017 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,809 visits/mo
0.1 miles
Chevron
Shops & Services
8,416 visits/mo
0.1 miles
Chase Bank
Shops & Services
7,792 visits/mo
0.1 miles
Demographics for 92081, CA
28,745
Population
11,075
Households
2.6
Avg Household Size
39
Median Age
39%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
3,230
Density / Sq Mi
$102,663
Median Household Income
$53,871
Median Earnings
$2,393
Median Rent
$774,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood shopping center anchored by Albertsons and CVS Pharmacy, with approximately 17% vacant GLA.
Where is this shopping center located?
The property is located at 1601 S Melrose Dr Vista, CA.
What are key features of this property?
This property features: 136,672 SF neighborhood shopping center anchored by Albertsons and CVS Pharmacy in Vista, CA; Approximately 23,046 SF vacant GLA (17% of total GLA), offering value‑add vacancy/lease‑up potential; CVS Pharmacy lease is 22,154 SF with below‑market rent of $8.22 PSF/year
