Bernardo Heights Plaza
37,729 SF | 100% Leased | Retail Building | San Diego, CA 92128 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Retail
- Square Feet
- 37,729 SF
Listing Contacts
Aaron Bettencourt
Verified Profile
Ramez Barsoum
Verified Profile
- Property Info
Property Overview
Bernardo Heights Plaza is a 37,729 square foot grocery-anchored neighborhood shopping center located in the affluent and supply-constrained San Diego community of Rancho Bernardo. The property is situated on the signalized intersection of Bernardo Heights Pkwy. and Pomerado Rd. Anchored by a 23,786 square foot Sprouts Farmers Market, Bernardo Heights Plaza features a 94% national and regional tenant base. Sprouts recently (2023) extended their lease through 2030; demonstrating the tenant’s strong performance at the subject property.
A master planned community spanning 6,511 acres along the Interstate 15 corridor, Rancho Bernardo is amongst San Diego’s most affluent submarkets and is bordered by the affluent communities of Carmel Mountain Ranch, Rancho Penasquitos, and Poway. The surrounding area has average household incomes of approximately $141,180 and $146,799 within a one and three-mile radius of the property, respectively.
A master planned community spanning 6,511 acres along the Interstate 15 corridor, Rancho Bernardo is amongst San Diego’s most affluent submarkets and is bordered by the affluent communities of Carmel Mountain Ranch, Rancho Penasquitos, and Poway. The surrounding area has average household incomes of approximately $141,180 and $146,799 within a one and three-mile radius of the property, respectively.
Property Details
- Class
- B
- Year Built/Renovated
- 1985/2006
- Stories
- 1
- Lot Size (sq. ft)
- 140,263 SF
Highlights
- Strong Performing Grocer Anchor – Sprouts is one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the U.S.
- National and Regional Tenancy - Approximately 94% of the square footage is comprised of national and regional tenants.
- Minimal Property Management Requirements – Bernardo Heights Plaza is comprised of five tenants within one building/structure.
- Stabilized Investment in Vibrant Location – The property is 100% occupied and is positioned in a healthy retail submarket.
- Affluent Residential Community – The surrounding area is amongst North San Diego’s most affluent communities.
- Dense Residential Submarket – Approximately 80,601 residents and 163,925 residents within a three and five-mile radius, respectively.
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