11922 Bernardo Plaza Dr San Diego, CA 92128
For Lease
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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.
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Peet's Coffee Cafe & Coffee Shop
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Z'K Roofing Services Roofing Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
COMMERCIAL · San Diego, CASan Diego. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.