Poway Marketplace 6 Retail Properties in Poway, CA

The Newmark Pacific Retail Capital Markets team is pleased to offer qualified investors the opportunity to acquire grocery and drug anchored Poway Marketplace, a 101,063 SF neighborhood shopping center centrally located in the affluent community of Poway. The center is anchored by CVS (25,500 SF), and local specialty grocer North Park Produce (13,973 SF) who provide the coveted daily needs draw to the project. Additional major tenants include Planet Fitness (16,027 SF), Dunn Edwards (6,352 SF), and US Bank (5,355 SF). The center also contains a thoughtfully curated merchandizing mix of restaurant and specialty retail operators.
Both North Park Produce and CVS report exceptional sales validating the strength of the center and trade area. North Park Produce sales were $1,296/ft for 2024 while CVS posted a robust $545/ft in sales that same year. In addition to the strong sales at the center, there is tremendous embedded upside in the CVS lease as they are currently paying $2.87/psf for 25,500 SF and the under market shop rents averaging $33.51/PSF.
Poway Marketplace is situated in the robust submarket of Poway, highlighted by the fact that over 50% of the anchored centers in the trade area are owned by institutional investors. Additionally, national credit tenants are consistently leasing space in Poway. Noteworthy leases signed in 2024 include Trader Joe’s, Boot Barn, Five Below, and Tractor Supply Co. The center is patronized by an affluent population base of over 212,000 residents with average household incomes in excess of $190,000 annually. The project enjoys a very strategic location within the immediate trade area as both Poway Road and Pomerado Road are major arterials carrying a combined traffic count of almost 60,000 cars daily. Poway Marketplace offers investors the rare opportunity to acquire a high performing grocery and drug anchored center in a strong San Diego submarket.