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7328-7344 Broadway 4,840 SF 100% Leased Retail Building Lemon Grove, CA 91945 $3,000,228 CAD ($619.88 CAD/SF) 5.72% Cap Rate
Investment Highlights
- Prime retail visibility along Broadway with 24,413 CPD and quick freeway access (0.3 miles to SR-94).
- High-density trade area — 212,234 population and $77.3K median income within 3 miles.
- Fully leased with all tenants recently exercising renewal options of at least 5 years.
- Strong historical performance with only 3 vacancies since 2007 across the entire center.
Executive Summary
7328–44 Broadway is a fully leased, 4,840 SF neighborhood retail strip center positioned along Lemon Grove’s primary commercial corridor with 24,413 CPD exposure. The property offers strong visibility, easy access from both directions of Broadway, and sits just three blocks from the SR-94 freeway entrance for excellent regional connectivity. With long-term tenants who recently exercised multi-year renewal options and a remarkably low historical vacancy rate, the center provides stable, predictable income in a high-growth San Diego submarket.
All five tenants—Audio, Barber, Smoke Shop, Bar, and Phone Repair—occupy spaces ranging from 693 to 1,230 SF, each operating on NNN leases with 3% annual increases, reinforcing long-term income durability.
All five tenants—Audio, Barber, Smoke Shop, Bar, and Phone Repair—occupy spaces ranging from 693 to 1,230 SF, each operating on NNN leases with 3% annual increases, reinforcing long-term income durability.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,840 SF
Building Class
C
Year Built
1974
Price
$3,000,228 CAD
Price Per SF
$619.88 CAD
Cap Rate
5.72%
NOI
$171,718 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.30 AC
Zoning
C
Parking
25 Spaces (5.59 Spaces per 1,000 SF Leased)
Frontage
67’ on Broadway
Walk Score®
Very Walkable (82)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $619,176 CAD | |
| Land Assessment | $516,595 CAD | Total Assessment | $1,135,771 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$516,595 CAD
Improvements Assessment
$619,176 CAD
Total Assessment
$1,135,771 CAD
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7328-7344 Broadway
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