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Plaza & 50’s on Fourth 3940 4th Ave 3,440 SF of Retail Space Available in San Diego, CA 92103
HIGHLIGHTS
- Experience the best of Hillcrest through a second-generation restaurant establishment or a medical conversion opportunity.
- Located along 4th Avenue between Washington and University Avenues, a high-traffic thoroughfare driven by over 32,781 vehicles.
- Extremely walkable area with a 96 Walk Score and an abundant selection of bars, restaurants, entertainment, retail, and fitness attractions.
- Nearby dense residential neighborhoods are home to over 221,964 households within a 5-mile radius, Balboa Park, and the world-famous San Diego Zoo.
- Strategically positioned near major medical facilities, less than 3 miles away, including Scripps Mercy Hospital and Sharp Community Medical Group.
- Conveniently located approximately 0.5 miles from State Route 163 and only 1 mile from Interstate 8.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Lower Level, Ste 110/120 | 3,440 SF | Negotiable | $16.75 CAD/SF/YR $1.40 CAD/SF/MO $57,624 CAD/YR $4,802 CAD/MO | Triple Net (NNN) |
3940 4th Ave - Lower Level - Ste 110/120
This approximately 3,440 RSF fully functional restaurant space features a unique partially subterranean layout with retractable windows that create an inviting indoor-outdoor dining experience. Lease terms and rent are negotiable, offering flexibility for the right operator. The space benefits from daily common area janitorial service, with parking available for an additional fee. Offered on a net basis, tenants pay their proportionate share of operating expenses ($1.02 per Sf) along with directly metered utilities such as electricity, telephone, and internet. Details: Approx. Size: 3,440 RSF Rent: $3,440 per month ($1.00/SF) OPEX/NNN/CAMs: $3,508.80 (1.02/SF). Total: $6,948.80 per month $2.02/SF. Lease Term: Negotiable Build Out: Fully Functional Restaurant Parking: Available for additional fee Janitorial: Daily Common Area Location: 3940 Building, Partially Subterranean with Retractable Windows Expenses: Net - Tenant pays their proportionate share of the property's operating expenses which is currently $1.02/SF. Tenants own directly billable utilities such as electricity, telephone, internet.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Central Air and Heating
- Kitchen
- Private Restrooms
- Freezer Space
- Secure Storage
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
MATTERPORT 3D TOURS
Explore 3940 4th Ave - Ste. 200 - 5,584SF
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TENANTS AT PLAZA & 50’S ON FOURTH
- TENANT
- DESCRIPTION
- SIZE
- MOVE DATE
- US LOCATIONS
- REACH
- Paradise Pharmacy
- Health Care and Social Assistance
- 1,980 SF
- -
- -
- -
- Being Alive San Diego
- Health Care
- 750 SF
- -
- 1
- Local
La mission de l'organisme « Être vivant à San Diego » est de fournir des services de qualité et compatissants aux personnes touchées par le VIH et le sida, et de fournir des services d'éducation et d'orientation aux personnes dans le besoin. L'objectif de l'Agence n'est pas seulement d'aider les personnes vivant avec le VIH/sida, mais aussi de les aider à bien vivre. En 2007, BASD a adopté un plan d'action visant à améliorer les services offerts à la collectivité touchée au moyen de quatre stratégies intégrées.
- Healthtopia Clinics
- Health Care and Social Assistance
- -
- -
- -
- -
- Centre Pilates
- Arts, Entertainment, and Recreation
- -
- -
- -
- -
| TENANT | DESCRIPTION | SIZE | MOVE DATE | US LOCATIONS | REACH |
| Paradise Pharmacy | Health Care and Social Assistance | 1,980 SF | - | - | - |
| Being Alive San Diego | Health Care | 750 SF | - | 1 | Local |
| Healthtopia Clinics | Health Care and Social Assistance | - | - | - | - |
| Centre Pilates | Arts, Entertainment, and Recreation | - | - | - | - |
PROPERTY FACTS
| Total Space Available | 3,440 SF | Center Properties | 2 |
| Center Type | Strip Center | Gross Leasable Area | 18,143 SF |
| Parking | 8 Spaces | Total Land Area | 0.30 AC |
| Stores | 2 | Year Built | 1992 |
| Total Space Available | 3,440 SF |
| Center Type | Strip Center |
| Parking | 8 Spaces |
| Stores | 2 |
| Center Properties | 2 |
| Gross Leasable Area | 18,143 SF |
| Total Land Area | 0.30 AC |
| Year Built | 1992 |
ABOUT THE PROPERTY
The Plaza on Fourth at 3940 4th Avenue, a cornerstone of Hillcrest’s dynamic district in San Diego, presents a fusion of retail and office spaces within its sleek, four-tiered architecture. Established in 1992, this structure spans 22,000 square feet and houses a variety of shops, restaurants, businesses, and health services. The building features a newly updated elevator, second- and third-level terraces, and private parking for occupants. Next door, the 50's on 4th at 3952-3958 4th Avenue is a mixed-use retail/office property centrally located in Hillcrest on 4th Avenue between Washington and University. This two-story building comprises 4,000 square feet, with reserved on-site and off-site parking available. Three restaurants and retailers are located within this building, including Cabais and Sailor’s Grave Tattoo. The tenants of both Plaza at Fourth and 50's on 4th relish the convenience of having a diverse range of dining options just a short distance away. With this high-density location, the offerings benefit from thousands of vehicles and pedestrians passing by daily. Perfectly located on 4th Avenue and framed by the thoroughfares of Washington and University Avenues, The Plaza on Fourth is encircled by an abundance of facilities. Renowned healthcare establishments, including the University of California Medical Center Hillcrest and Scripps Mercy Hospital, are nearby, attracting a continuous flow of those seeking medical services. The area’s allure is augmented by the Balboa Park and the San Diego Zoo, both less than a mile distant. The Plaza on Fourth is the quintessential location for enterprises, surrounded by the conveniences offered by the Hillcrest neighborhood.
MARKETING BROCHURE
DEMOGRAPHICS
Demographics
ABOUT CENTRAL SAN DIEGO
Its walkability, historical relevance, and diversity are central to this area’s draw. The neighborhoods here have among the region's largest concentrations of 25 to 34-year-olds. The area has historic and dynamic neighborhoods, including Banker's Hill, Hillcrest, North Park, and South Park. Balboa Park and its wide-open space and panoply of museums, the San Diego Zoo, and thriving main streets filled with restaurants, bars, music venues, and shops are among the numerous cultural amenities that attract people here.
Freeway access along State Route 163 and interstates 5, 805 and 15 provide relatively easy commuting channels into the area's retail corridors. Residents can reach the employment nodes in the UC San Diego area in 30 minutes, and from many neighborhoods, residents can ride a bike into neighboring Downtown. New bike lanes, particularly those on 30th Street and University Avenue, have also provided a layer of convenience to reach retailers for those consumers without a car.
Given the historical relevance, entrenched consumer base, walkable atmosphere and boutique shops lining the thoroughfares here, demand from retailers is high to get a foothold in one of the trendiest spots in the San Diego region.
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Peet's Coffee | Cafe | - | 2 min walk |
| Creme De La Crepe | Crepes | - | 3 min walk |
| Subway | - | - | 3 min walk |
| Bronx Pizza | Pizza | $ | 3 min walk |
| Copper Top Coffee | Coffee | $ | 4 min walk |
| Eastcost Pizza | Pizza | $ | 4 min walk |
| Dunkin' | Cafe | - | 3 min walk |
| The Asian Bistro | Thai | $$$ | 4 min walk |
| Los Panchos Taco Shop | Mexican | $ | 3 min walk |
| Panda Express | - | - | 3 min walk |
RETAIL |
||
|---|---|---|
| The UPS Store | Business/Copy/Postal Services | 3 min walk |
| Unleashed by Petco | Animal Care/Groom | 3 min walk |
| Walgreens | Drug Store | 2 min walk |
| Supercuts | Salon/Barber/Spa | 3 min walk |
| Artist & Craftsman Supply | Art/Crafts | 4 min walk |
| Pure Barre | Fitness | 9 min walk |
| Vons | Supermarket | 8 min walk |
| LaserAway | Salon/Barber/Spa | 9 min walk |
| Whole Foods | Supermarket | 9 min walk |
| StretchLab | Fitness | 12 min walk |
HOTELS |
|
|---|---|
| Trademark Collection by Wyndham |
16 rooms
3 min drive
|
| Holiday Inn Express |
126 rooms
5 min drive
|
| Luxury Collection |
270 rooms
6 min drive
|
LEASING TEAM
LEASING TEAM
Keith Herbert, Director
Keith's expertise in finance and real estate has been instrumental in driving the company's success. His strategic vision and hands-on approach have earned him a reputation for excellence in the industry. Keith's leadership has not only fostered substantial business growth but also ensured the delivery of exceptional service to clients.
Keith relocated from Los Angeles to San Diego in 1999 to attend college. He holds a Bachelor of Science degree in Business Administration with a focus on Finance and Real Estate from San Diego State University. Additionally, he is a licensed broker with the California Department of Real Estate (CaDRE Broker’s License #: 01892190).
Outside of his professional life, Keith cherishes spending quality time with his family. He and his amazing wife, Sandy, have two wonderful young children, Erin and Austin. Keith enjoys hiking, fishing, exploring the outdoors, skiing/snowboarding, and classic cars. He is also passionate about coaching his children's baseball teams, which allows him to combine his love for sports with family time.
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Plaza & 50’s on Fourth | 3940 4th Ave
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