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Property profile & analytics
FOR LEASE
Community centers

11922 Bernardo Plaza Dr San Diego, CA 92128

9,999 SF 6.22 ac lot Built 1983
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US09-8982445
Property summary
AI-generated overview

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 profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1983
Total area 9,999 SF
Lot 6.22 ac (270,943 SF)
Zoning code COMMERCIAL
APN 274-780-40-00
UPID US09-8982445
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Peet's Coffee Cafe & Coffee Shop
  • Z'K Roofing Services Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.78M
Owner & transaction history
Weikel Rancho Bernardo LP · 2 yrs held
Weikel Rancho Bernardo LP
since 2023
2 recorded transactions
2023
Price N/A
1996
Price N/A
Zoning & alternative use
COMMERCIAL · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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