Retail Shopping Center
7014 Broadway Lemon Grove, CA 91945
For Sale
Contact for pricing
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 Market57
Property Features for 7014 Broadway
General Information
- Standard status
- Active
- Size
- 86,742 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1989
Listing Agency:
Hanley Investment Group
Listed By:
Kevin Fryman · License #CA 01321833
Source:
Crexi
Added: May 28
Changed: Jul 10
Last Checked: Jul 22 at 11:40AM
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.08M | $24.00 |
| − Vacancy | −$135.3k | −$1.56 |
| EGI | $1.95M | $22.44 |
| − OpEx | −$583.9k | −$6.73 |
| NOI | $1.36M | $15.71 |
86,742 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Elite Buffet
Restaurant
Lemon Grove Garage ...
Building Supply
Similar Off Market Nearby
- Lemon Grove Plaza — 7012 Broadway, Lemon Grove, CA 91945
- Gateway Plaza — Lemon Grove, CA 91945
- Lemon Grove Commercial Center — Lemon Grove, CA 91945
- Marketplace at The Grove — COLLEGE GROVE, San Diego, CA 92115
- Kodak — 3424 college ave, san diego, ca 92115
FAQs
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
