Share This Listing

Message

960 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

7328-7344 Broadway 4,840 SF 100% Leased Retail Building Lemon Grove, CA 91945 $2,200,000 ($454.55/SF) 5.72% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,840 SF
Building Class
C
Year Built
1974
Price
$2,200,000
Price Per SF
$454.55
Cap Rate
5.72%
NOI
$125,917
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Food 4 Less
The Buffalo Spot
Starbucks
Albertsons
Sprouts Farmers Market
Bank of America
U.S. Bank
Mission Federal Credit Union
Chase
24 Hour Fitness

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 479-051-15
  • 479-051-14
Land Assessment
$378,849
Improvements Assessment
$454,078
Total Assessment
$832,927
  • Listing ID: 39420175

  • Date on Market: 2/12/2026

  • Last Updated:

  • Address: 7328-7344 Broadway, Lemon Grove, CA 91945

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}