Trader Joe’s Anchored Neighborhood
9880 Hibert St San Diego, CA 92131
9880 Hibert St, San Diego, CA, 92131
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For Sale
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Neighborhood shopping center anchored by Trader Joe’s with a long-tenured tenant base focused on daily-needs shopping.
Property Size70,693 SF
Days on Market49
Property Features for 9880 Hibert St
General Information
- Standard status
- Active
- Size
- 70,693 SF
- Property subtype
- RETAIL
Listing Agency
CBRE | San Diego
(858) 546-4604
Listed by
James Slusher · License #01969314
(949) 725-8507
Source
Moodyscre
Added: Jun 3 Updated: Jul 10 at 1:48 pm Checked: Jul 20 at 3:11 am
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 | San Diego
Investment Insights
Based on property information with market context.
Trader Joe’s Anchored Neighborhood Center—Scripps Ranch Shopping Center—is a 170,693 SF neighborhood center anchored by Trader Joe’s and supported by a diverse tenant mix designed around daily-needs traffic.
The property is characterized by strong tenant history and retention, with several tenants representing 63% of the existing GLA having occupied the center for more than 15 years. Reported lease rates are 21% below market, and the remarks note that many tenants do not have extension options, creating a leasing environment focused on maintaining and curating the tenant mix. CBRE is projecting an approximate 63% increase in NOI over a 10-year hold.
Visibility and access are central advantages. The center includes approximately 1,000 feet of frontage along I-15, with reported traffic of 276,500 vehicles per day. It is also accessed via Hibert St from Mira Mesa Blvd (46,500 CPD) and Scripps Ranch Blvd (120,000 CPD), supporting convenient customer approach from surrounding arterials.
The property is characterized by strong tenant history and retention, with several tenants representing 63% of the existing GLA having occupied the center for more than 15 years. Reported lease rates are 21% below market, and the remarks note that many tenants do not have extension options, creating a leasing environment focused on maintaining and curating the tenant mix. CBRE is projecting an approximate 63% increase in NOI over a 10-year hold.
Visibility and access are central advantages. The center includes approximately 1,000 feet of frontage along I-15, with reported traffic of 276,500 vehicles per day. It is also accessed via Hibert St from Mira Mesa Blvd (46,500 CPD) and Scripps Ranch Blvd (120,000 CPD), supporting convenient customer approach from surrounding arterials.
Key Highlights
- Trader Joe’s‑anchored neighborhood shopping center totaling 70,693 SF
- 63% of the existing GLA has been occupied by tenants for more than 15 years
- Current lease rates are 21% below market, including tenants without extension options
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Taste of Hunan 湘村人家
Restaurant
Board & Brew - Scripps ...
Take-out & Catering
Richard N. Phung, ...
Physician
San Diego HypnoBirthing
Training Center
Similar For Sale Nearby
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
FAQs
What type of property is this?
Shopping center - Neighborhood shopping center anchored by Trader Joe’s with a long-tenured tenant base focused on daily-needs shopping.
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 neighborhood shopping center totaling 70,693 SF; 63% of the existing GLA has been occupied by tenants for more than 15 years; Current lease rates are 21% below market, including tenants without extension options
