1601 S Melrose Dr Vista, CA 92081

Listing agency REZA Investment Group

Listed by Aaron Bettencourt · License #CA 01194991

Source Crexi

Added: Apr 11 Updated: Jul 21 at 2:23PM Checked: Jul 21 at 2:23PM

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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.

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

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FAQs

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