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Lemon Grove Plaza 7014-7050 Broadway 86,742 SF 95% Leased Retail Building Lemon Grove, CA 91945 $36,053,160 CAD ($415.64 CAD/SF) 6.40% Cap Rate



Investment Highlights
- Shadow-Anchored by Albertsons (NYSE: ACI); Dominant Neighborhood Center
- Long-Term Weighted-Average Tenant Operating History of 13+ Years Reflects Proven Success and Minimal Turnover Risk
- Proximity to San Diego State University; 41,184 Students
- Anchored by CVS/pharmacy, Daiso, BioLife Plasma, Petco, and Family Health Centers; 85% National and Credit Tenants
- Contractual Rent Growth and Inflation Hedging: 2.46% CAGR and 27% NOI growth over the 10-year hold period
- Densely Populated and Affluent San Diego Submarket
Executive Summary
Property Facts
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
Check Into Cash is a privately held financial services company headquartered in Cleveland, Tennessee. Founded in 1993 by W. Allan Jones, the company pioneered the payday lending industry and grew into one of the largest short-term lending providers in the United States. Check Into Cash offers payday loans, installment loans, title loans, and lines of credit, along with ancillary services such as check cashing, bill payment, and money transfers. The company operates both online and through retail locations, serving customers in multiple states. In recent years, Check Into Cash became part of Community Choice Financial Inc., expanding its reach and service offerings. With decades of experience, the firm continues to focus on providing regulated, small-dollar credit solutions to consumers facing short-term financial needs.
- Elite Buffet
- Accommodation and Food Services
- -
- -
- -
- Happiness Nails
- Services
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- -
Jersey Mike's Subs began as Mike's Subs in the 1950s in Point Pleasant, New Jersey, and later grew under Peter Cancro into a franchise business centered on submarine sandwiches made with fresh-sliced meats and bread baked in-store. Jersey Mike's Subs serves hot and cold subs, wraps, bowls, sides, drinks, desserts, kid's meals, and catering through its restaurants and digital ordering channels. Jersey Mike's Subs has expanded into a broad franchise network across the United States and Canada while keeping a menu built around "Mike's Way" preparations and made-to-order service.
Kumon began in 1958 after Toru Kumon developed worksheet-based study materials to help a child build stronger math skills. Kumon grew from that origin into a structured education business centered on self-learning, individualized instruction, and steady daily practice. The company now operates learning centers and offers after-school math and reading programs for preschool through high school students, with materials designed to strengthen foundational skills and independent study habits. Kumon remains focused on workbook-based instruction and educational services that support long-term academic development.
- Mariner Financial
- Finance and Insurance
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- -
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Massage Envy is a U.S.-based wellness franchise that provides massage therapy, assisted stretch, and skin care services through a network of franchised locations. Founded in 2002, the company was established on the principle that regular massage and skin care are essential components of overall wellness rather than luxury services. Headquartered in Scottsdale, Arizona, Massage Envy operates across 49 states, making it one of the largest providers of therapeutic massage and related services in the country. The brand emphasizes accessibility and consistency in delivering wellness solutions, offering membership-based programs to encourage routine care. Over the years, Massage Envy has expanded its offerings to include advanced skin care treatments and customized wellness plans. The company is privately held and continues to focus on integrating massage and skin care into everyday health practices.
- Smile Burst Dentistry
- Health Care and Social Assistance
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- -
- -
- Spine and Sport
- Health Care and Social Assistance
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- -
Sonrava Health began as Western Dental, which was founded in 1903 and later grew into a broader health and wellness organization. In 2022, the company adopted the Sonrava Health name as the parent organization for a family of businesses that includes dental office brands, dental and vision benefit plans, provider networks, and related services. The company’s current focus centers on dental, orthodontic, specialty care, and support services across affiliated offices, with a model built around accessible and affordable care. Sonrava Health’s public materials also describe a national footprint across many affiliated offices and several well-known regional brands.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Finance and Insurance | - | - | - | ||
| Elite Buffet | Accommodation and Food Services | - | - | - | ||
| Happiness Nails | Services | - | - | - | ||
|
Accommodation and Food Services | - | - | - | ||
|
Educational Services | - | - | - | ||
| Mariner Financial | Finance and Insurance | - | - | - | ||
|
Services | - | - | - | ||
| Smile Burst Dentistry | Health Care and Social Assistance | - | - | - | ||
| Spine and Sport | Health Care and Social Assistance | - | - | - | ||
|
Health Care and Social Assistance | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 7042
- 1,823 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 7042 | 1,823 SF | Retail | - | Now |
7042
| Size |
| 1,823 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Nearby Major Retailers
Property Taxes
| Parcel Number | 479-021-02 | Improvements Assessment | $4,017,162 CAD |
| Land Assessment | $7,552,265 CAD | Total Assessment | $11,569,427 CAD |
Property Taxes
Presented by
Lemon Grove Plaza | 7014-7050 Broadway
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