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    11922 Bernardo Plaza Dr San Diego, CA 92128

    For Lease
    Contact for pricing

    Grocery-anchored center, 1 space available

    Lot size:
    123,514 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 123,514 square foot retail center, located in the thriving Rancho Bernardo submarket of San Diego, California, presents a unique investment opportunity. Situated at 11922 Bernardo Plaza Dr, 92128, this single-story center boasts a dominant Vons grocery store as its anchor, consistently ranking as the top-performing grocery store within a five-mile radius, generating approximately $50 million in annual revenue and attracting over 22,000 customers weekly. The center is part of a master-planned community and benefits from its strategic location and high barriers to entry. Recently renovated in 2016, the property offers one available space totaling 908 square feet, ideal for a variety of retail or restaurant uses. Ample parking is provided with 649 spaces, exceeding the needs of the trade area, which boasts a daytime population of 137,000 within a three-mile radius. This "under-retailed" center presents a strong position for national retailers seeking a prime location in a high-demand area. The property's success is further underscored by its strong tenant mix and the consistent performance of its anchor tenant. This is a rare opportunity to acquire a well-positioned retail property in a highly desirable San Diego community.

    Property Features for 11922 Bernardo Plaza Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    123,514 SF

    Building Details

    Year Renovated
    2016
    Stories
    1

    Unit(s) available at that property

    Space
    New Addition
    Size
    908 SF

    HighLights

    • 123,514 SF retail center in San Diego's Rancho Bernardo submarket at 11922 Bernardo Plaza Dr, 92128.
    • Anchored by a top‑performing Vons grocery store generating $50M in annual revenue.
    • One 908 SF available space, ideal for retail or restaurant use.
    • 649 parking spaces, exceeding trade area needs.
    • Strong tenant mix in a high‑demand, under‑retailed area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Peet's Coffee Coffee Shop Z'K Roofing Services Roofing Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.0735471
    Latitude
    33.0212039

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    FAQs

    What type of property is this?
    Restaurant - Grocery-anchored center, 1 space available
    Where is this restaurant located?
    The property is located at 11922 Bernardo Plaza Dr San Diego, CA.
    What are key features of this property?
    This property features: 123,514 SF retail center in San Diego's Rancho Bernardo submarket at 11922 Bernardo Plaza Dr, 92128.; Anchored by a top-performing Vons grocery store generating $50M in annual revenue.; One 908 SF available space, ideal for retail or restaurant use.
    Request Owner's contact information
    11922 Bernardo Plaza Dr San Diego, CA 92128
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    San Diego, CA 92128
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11922 Bernardo Plaza Dr San Diego, CA 92128
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