Retail Shopping Center
For Sale
Contact for pricing
7014 Broadway, Lemon Grove, CA 91945
For sale retail shopping center offering multiple storefront opportunities in a dedicated retail property setting.
Property Size86,742 SF
Price / SF$303.89
Days on Market108
Property Features for 7014 Broadway
General Information
Standard status
Active
Size
86,742 SF
Property subtype
Retail
Occupancy
95%
Lease Type
NNN
Net Operating Income
$1,687,190
Building Details
Year Built
1989
Tenancy
Multi
Listing Agency:
Hanley Investment Group
Listed By:
Kevin Fryman · License #CA 01321833
(949) 585-7674
Source:
Crexi
Added: May 28
Changed: Sep 11
Last Checked: Sep 12 at 7:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hanley Investment Group
Investment Insights
Based on property information with market context.
This offering presents retail space within a shopping center environment, with storefront-style commercial frontage intended for retail tenants. The property is being marketed as a retail investment for sale, positioned to support a range of day-to-day retail uses typical of neighborhood and community shopping destinations.
The asset is located at 7014 Broadway in Lemon Grove, California. As a retail property, it is designed around storefront access and tenant-ready presentation as part of a larger center configuration. The listing is provided with an offering memorandum available through the link in the public remarks.
For prospective buyers, the center format can be attractive for acquiring a retail-oriented asset where individual storefronts may support ongoing tenancy and tenant diversification. For retailers and brokers evaluating fit, the property’s storefront nature is aligned with businesses that rely on direct customer access and retail visibility. Interested parties should review the full offering memorandum for any additional specifics on unit mix, lease terms, or property-level operating details, which are not included in the summary information provided here.
The asset is located at 7014 Broadway in Lemon Grove, California. As a retail property, it is designed around storefront access and tenant-ready presentation as part of a larger center configuration. The listing is provided with an offering memorandum available through the link in the public remarks.
For prospective buyers, the center format can be attractive for acquiring a retail-oriented asset where individual storefronts may support ongoing tenancy and tenant diversification. For retailers and brokers evaluating fit, the property’s storefront nature is aligned with businesses that rely on direct customer access and retail visibility. Interested parties should review the full offering memorandum for any additional specifics on unit mix, lease terms, or property-level operating details, which are not included in the summary information provided here.
Key Highlights
- Retail shopping center built in 1989
- Dedicated retail property offering multiple storefront opportunities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,362,543
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$27,250,860
$27.3M
Cap Rate 7%
$19,464,900
$19.5M
Cap Rate 9%
$15,139,367
$15.1M
Market Conditions
NOI Build-Up for 86,742 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$2.08M $24.00/SF
− Vacancy
−$135.3K −$1.56/SF
EGI
$1.95M $22.44/SF
− OpEx
−$583.9K −$6.73/SF
NOI
$1.36M $15.71/SF
Area
San Diego County, CA
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$27,250,860
Cap Rate 7%
$19,464,900
Cap Rate 9%
$15,139,367
Alternative Uses
Best Use
Retail
$19.46M
$17.03M – $22.71M
NOI $1,362,543 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$39.74M
$34.77M – $46.37M
NOI $2,781,962 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
747k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Superstores 25%
Shops & Services 21%
Groceries 13%
Walmart
Superstores
183,508 visits/mo
0.5 miles
In-N-Out Burger
Dining
57,932 visits/mo
0.2 miles
Food 4 Less
Groceries
53,231 visits/mo
0.5 miles
Kohl's
Apparel
50,776 visits/mo
0.5 miles
Albertsons
Groceries
46,646 visits/mo
0.1 miles
Demographics for 91945, CA
27,814
Population
9,715
Households
2.9
Avg Household Size
38
Median Age
20%
College-Educated
89%
High-School Grad
4.0 sq mi
ZIP Area
6,954
Density / Sq Mi
$79,381
Median Household Income
$41,727
Median Earnings
$1,769
Median Rent
$640,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - For sale retail shopping center offering multiple storefront opportunities in a dedicated retail property setting.
Where is this shopping center located?
The property is located at 7014 Broadway Lemon Grove, CA.
What is the asking price?
The asking price for this property is $26,360,000.
What are key features of this property?
This property features: Retail shopping center built in 1989; Dedicated retail property offering multiple storefront opportunities
