7014-7050 Broadway - Retail FOR SALE
Lemon Grove, CA 91945 |
$26,040,000 USD
844-585-7674
7014-7050 Broadway
Lemon Grove, CA 91945
HIGHLIGHTS
- Shadow-Anchored by Albertsons (NYSE: ACI); Dominant Neighborhood Center
- Anchored by CVS/pharmacy, Daiso, BioLife Plasma, Petco, and Family Health Centers; 85% National and Credit Tenants
- Long-Term Weighted-Average Tenant Operating History of 13+ Years Reflects Proven Success and Minimal Turnover Risk
- Contractual Rent Growth and Inflation Hedging: 2.46% CAGR and 27% NOI growth over the 10-year hold period
- Proximity to San Diego State University; 41,184 Students
- Densely Populated and Affluent San Diego Submarket
FOR SALE DETAILS
PRICE
$26,040,000 USD
PRICE/SF
$300 USD /SF
CAP RATE
6.4%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Lemon Grove Plaza
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
710
LAND DETAILS
LAND ACRES
2.46 AC
LAND SF
107,158 SF
ZONING
GC
APN/PARCEL ID
479-021-02,479-021-05,479-021-07
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
844-585-7674
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
844-585-7674
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
