535 Robinson Ave - Drug Store FOR SALE
San Diego, CA 92103 |
535 Robinson Ave
San Diego, CA 92103
HIGHLIGHTS
- Prime Location in Hillcrest: Situated on 1.27 Acre lot in the vibrant & walkable Hillcrest neighborhood
- Long Term Rite Aid Tenancy: Rite Aid has been a stable tenant at this location since 1989, with 12 Years Remaining
- Attractive Cash Flow: Offering a 14.29% return in Year 1, enabling investors to recoup their initial investment in 6.5 years
- Renewal Options: The ground lease runs concurrently with Rite Aid’s lease, with 12 years remaining & 29 year option in 2036
- Irreplaceable Asset & Tenant: 21,785 SF building is leased to Rite Aid, nationally recognized drugstore chain with 2,100 stores across 17 states
- * Leasehold Interest Only
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Rite Aid - Leasehold
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
21785
STORIES
1
YEAR BUILT
1982
SPRINKLERS
-
PARKING SPACES
80
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
452-063-52
