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Lemon Grove Plaza 7014-7050 Broadway 86,742 SF 97% Leased Retail Building Lemon Grove, CA 91945 $26,360,000 ($303.89/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 began in 1993 in Cleveland, Tennessee, after W. Allan Jones identified a need for short-term loans and built the business around a check-cashing model. The company offers payday loans, installment loans, flex line of credit products, title loans, check cashing, bill pay, Western Union money orders and transfers, Green Dot Visa debit cards, and gift-card purchase services. Check Into Cash maintains a store network across the United States and supports online applications alongside in-store service, giving the business a mix of digital lending and walk-in financial services.
- Elite Buffet
- Accommodation and Food Services
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- -
- -
- Happiness Nails
- Services
- -
- -
- -
Jersey Mike's Subs began in Point Pleasant, New Jersey, in 1956 as Mike's Subs, a neighborhood sandwich shop that later became Jersey Mike's Subs. Jersey Mike's Subs operates as a fast-casual restaurant franchisor centered on submarine sandwiches, with menu items prepared Mike's Way and customer channels that include online ordering and catering. Jersey Mike's Subs has grown into a wide franchise network across the United States and Canada, with more than 3,300 locations.
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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- -
- -
Massage Envy began in 2002 as a massage-focused brand and later expanded its franchised service menu to include facials and assisted stretch. The company now operates as a nationwide wellness franchise centered on massage, stretch, and skin care, with a membership model built around recurring access to bodywork and facial services. Its business spans therapeutic massage, results-driven skin care, and assisted stretching, giving the brand a broader wellness footprint than a traditional spa model. The company is a major franchise network in the U.S. wellness market.
- Smile Burst Dentistry
- Health Care and Social Assistance
- -
- -
- -
- Spine and Sport
- 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
- 7040
- 1,178 SF
- Retail
- -
- Now
- 7042
- 1,823 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 7040 | 1,178 SF | Retail | - | Now |
| 7042 | 1,823 SF | Retail | - | Now |
7040
| Size |
| 1,178 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
7042
| Size |
| 1,823 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $18,255,998 | |
| Land Assessment | $19,811,699 | Total Assessment | $38,067,697 |
