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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

Top 2% Most Trafficked Center in California (Placer.ai) | 85% National/Regional Tenants | 547,000 Residents and $118,000 AHHI within a 5-Mile Radius

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
86,742 SF
Building Class
C
Year Built
1989
Price
$36,053,160 CAD
Price Per SF
$415.64 CAD
Cap Rate
6.40%
NOI
$2,307,402 CAD
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.81
Lot Size
2.46 AC
Zoning
GC - 240 - Community Shopping Center
Parking
710 Spaces (8.19 Spaces per 1,000 SF Leased)
Frontage
1,088’ on Broadway

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Finance and Insurance
  • -
  • -
  • -

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
  • -
  • -
  • -
  • Accommodation and Food Services
  • -
  • -
  • -

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.

  • Educational Services
  • -
  • -
  • -

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
  • -
  • -
  • -
  • Services
  • -
  • -
  • -

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
  • -
  • -
  • -
  • Spine and Sport
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Health Care and Social Assistance
  • -
  • -
  • -

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
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100

Nearby Major Retailers

Albertsons
Starbucks
Food 4 Less
Mission Federal Credit Union
Chase
Sprouts Farmers Market
24 Hour Fitness
Bank of America
U.S. Bank
Capriotti's

Property Taxes

Property Taxes

Parcel Number
479-021-02
Land Assessment
$7,552,265 CAD
Improvements Assessment
$4,017,162 CAD
Total Assessment
$11,569,427 CAD
  • Listing ID: 40694336

  • Date on Market: 2026-05-28

  • Last Updated:

  • Address: 7014-7050 Broadway, Lemon Grove, CA 91945

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