949-271-1170
, National City, CA for Sale
Retail - FOR SALE
1/5
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Grove Plaza
National City, CA


HIGHLIGHTS

  • Ranks in the 97th percentile in the state of CA and 98th percentile nationwide in customer visits to the property over the last 12 months (Placer)
  • Seafood City is the largest Filipino supermarket chain in North America, with locations in CA, HI, NV, WA and Canada, with 38 locations.
  • The collateral features freestanding drive-thru pads/buildings with Starbucks and Popeye’s on separate legal parcels.
  • Approximately 69% of the occupied square footage consists of national and regional tenants.
  • Grove Plaza benefits from a seasoned tenant roster, with approximately 76% of the current tenancy in occupancy on/before 2016.
  • An extensive remodel was completed in 2022/25 requiring minimal capital expenditures going forward, with approximately $4.5MM in capital improvements.

OVERVIEW

Located in the densely populated San Diego community of National City, Grove Plaza is a grocery-anchored neighborhood shopping center that encompasses 48,600 (approximate) square feet of retail space, including 7,805 square feet of upper-level medical/dental/service space. The property is anchored by a strong performing 5,680 square foot Manila Seafood, one of the operating banners of dominant ethnic grocery operator Seafood City. Optimally positioned at the signalized intersection of Plaza Blvd. and Grove St., directly adjacent to Interstate 805, the property features freeway-visible pylon signage and benefits from outstanding visibility and access. Seafood City is the largest Filipino supermarket chain in North America, with locations in California, Hawaii, Nevada, Washington and Canada. With 38 locations, Seafood City specializes fresh seafood, meat, and produce, along with Filipino food and products and a wide selection of imported Asian goods. Additional inline and pad tenants within Grove Plaza include Starbucks (freestanding drive-thru pad – top 1% nationwide annual visits), Popeye’s (freestanding drive-thru pad – top 8% nationwide annual visits), Subway, Red Ribbon Bake Shop (112,000 annual visits), Tapioca Express, T-Mobile, Advance America, Philippine National Bank (PNB), People Ready, Acuity Eye Group, and Spine & Sport Physical Therapy.

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Aaron BettencourtREZA Investment Group, Inc.More Info
949-271-1170

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Aaron BettencourtREZA Investment Group, Inc.More Info
949-271-1170

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.