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 Market153
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
(844) 585-7674
Source:
Crexi
Added: May 28
Changed: Oct 26
Last Checked: Oct 26 at 4:14PM
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
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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 / Yr
$1,362,543
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- 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
- Gateway Plaza — Lemon Grove, CA 91945
- Lemon Grove Plaza — 7012 Broadway, Lemon Grove, CA 91945
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
