University Square

Convenience & GeneralVerified

About

University Square in College Area is a 199,115-square-foot retail center in San Diego's 92115 ZIP, spanning 20 acres at the intersection of University Avenue and College Avenue. The center is anchored by Food 4 Less, Marshalls, and Dollar Tree, with co-tenants including IHOP, Carl's Jr., Panda Express, Subway, T-Mobile, Lee's Sandwiches, and Genie Car Wash. The property generates over 2.6 million shopping trips per year, driven by SDSU's 35,000-student enrollment less than a mile northeast and the density of the surrounding College Area residential blocks. The University Avenue corridor connects the center to a broader beverage and specialty retail strip that includes shops such as Keg N Bottle to the east. A joint venture between Space Investment Partners and PCCP completed a $70 million recapitalization of the property, and the center currently runs at 98.5 percent occupancy. The tenant mix balances value-driven national chains with quick-service dining and personal services, and the Food 4 Less anchor generates the repeat grocery visits that sustain the smaller inline retailers. Fitness programming at the center draws a gym membership base that overlaps with the grocery and quick-service dining traffic, and the personal-care cluster extends to barber shops along the same corridor, including Pappy's Barber Shop San Diego in the College Area commercial zone. The surface lot provides free parking across the full frontage, with additional street parking on University Avenue and monument signage visible from both the University and College Avenue approaches.