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7014-7050 Broadway
Lemon Grove, CA 91945

$26,040,000 USD

General Retail For Sale  •  86,742 SF

Property Details

• Property Type General Retail
• Total Building Size 86,742 SF
• Lot Size 2.46 AC
• Building Class C
• Year Built 1989
• Cap Rate 6.40 %
• Tenancy Multiple
• Zoning GC

40 Transit Score

60 Walk Score

Highlights

Shadow-Anchored by Albertsons (NYSE: ACI); Dominant Neighborhood Center

Anchored by CVS/pharmacy, Daiso, BioLife Plasma, Petco, and Family Health Centers; 85% National and Credit Tenants

Long-Term Weighted-Average Tenant Operating History of 13+ Years Reflects Proven Success and Minimal Turnover Risk

Contractual Rent Growth and Inflation Hedging: 2.46% CAGR and 27% NOI growth over the 10-year hold period

Proximity to San Diego State University; 41,184 Students

Densely Populated and Affluent San Diego Submarket

Cap Rate:

6.40 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Check Into Cash
Elite Buffet
Happiness Nails
Jersey Mike's Subs
Kumon
Mariner Financial
Massage Envy
Smile Burst Dentistry
Spine and Sport
Western Dental & Orthodontics

Amenities

• Bus Line
• Pylon Sign
• Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	12 min	-	8.4 mi
Airport	Drive	Walk	Distance
San Diego International	16 min	-	10.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	710
Type:	Surface
Included in Rent:	Yes