Trader Joe's Anchored Shopping
For Sale
Contact for pricing
Pending
9880 Hibert St, San Diego, CA 92131
Neighborhood center anchored by Trader Joe’s with strong tenant history.
Property Size70,693 SF
Days on Market147
Property Features for 9880 Hibert St
General Information
Standard status
Pending
Size
70,693 SF
Property subtype
Retail
Zoning
Commercial and Office
Building Details
Year Built
1985
Year Renovated
2008
Listing Agency:
CBRE - Orange County
(858) 546-4604
Listed By:
Mark Damiani · License #0000
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 CBRE - Orange County
Investment Insights
Based on property information with market context.
The Scripps Ranch Shopping Center is a ±70,693 SF neighborhood center anchored by Trader Joe’s, featuring a diverse tenant mix. Several tenants, accounting for 63% of the existing GLA, have occupied the property for more than 15 years. Lease rates are currently 21% below market, and many tenants do not have extension options. CBRE is projecting an approximate 63% increase in NOI over a 10-year hold, enhancing yields as an inflationary hedge with an extremely attractive CAGR of 5.0%. Chuck E. Cheese accounts for 19% of the GLA with no options remaining beyond the current term ending April 2029. CBRE projects market rents to be more than 2x current in-place rent upon demising the space. The property benefits from excellent visibility with ±1,000 feet of frontage along I-15 (±276,500 CPD) and is easily accessed via Hibert St from Mira Mesa Blvd (±46,500 CPD) and Scripps Ranch Blvd (±20,000 CPD). The property serves over 120,000 daytime residents and employees (including 12,000 military personnel) drawn from 3.4 million SF of office and 23,000 acres of military installations located within 3 miles.
Key Highlights
- Trader Joe's Anchored: High‑traffic neighborhood center with a strong anchor tenant.
- Significant NOI Growth Potential: Projected 63% increase in Net Operating Income (NOI) over 10 years.
- Prime Location & Visibility: Excellent frontage (±1,000 feet) along I‑15 (±276,500 CPD) with easy access.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,624
Businesses Nearby
449k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Groceries 20%
Home Improvements & Furnishings 13%
Electronics 11%
In-N-Out Burger
Dining
62,952 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
59,283 visits/mo
0.5 miles
Smart & Final
Groceries
47,840 visits/mo
0.5 miles
Edwards Mira Mesa 18 IMAX & RPX
Leisure
44,805 visits/mo
0.2 miles
Trader Joe's
Groceries
37,803 visits/mo
0.1 miles
Demographics for 92131, CA
36,394
Population
13,352
Households
2.7
Avg Household Size
42
Median Age
71%
College-Educated
98%
High-School Grad
38.6 sq mi
ZIP Area
943
Density / Sq Mi
$181,281
Median Household Income
$92,304
Median Earnings
$3,143
Median Rent
$1,107,900
Median Home Value
Market
Vacancy Rate% for Retail in San Diego, CA
Questions? Ask Rey
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Similar Off Market Nearby
- Mira Mesa Market Center — Westview Pkwy, San Diego, CA 92126
- Mira Mesa Commercial Shopping Center — 9225 Mira Mesa Blvd, San Diego, CA 92126
- Scripps Ranch Shopping Center — 9813 Mira Mesa Blvd, San Diego, CA 92131
- Scripps Mesa Retail Center — 9809 Mira Mesa Blvd, San Diego, CA 92131
- Oak Tree Plaza — Mira Mesa Blvd, San Diego, CA 92126
Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood center anchored by Trader Joe’s with strong tenant history.
Where is this shopping center located?
The property is located at 9880 Hibert St San Diego, CA.
What are key features of this property?
This property features: Trader Joe's Anchored: High‑traffic neighborhood center with a strong anchor tenant.; Significant NOI Growth Potential: Projected 63% increase in Net Operating Income (NOI) over 10 years.; Prime Location & Visibility: Excellent frontage (±1,000 feet) along I‑15 (±276,500 CPD) with easy access.
