The Totah Group of Marcus & Millichap is pleased to present the sale of the Leasehold Interest in 530 Robinson Ave, San Diego, CA 92103, a prime investment opportunity in the heart of San Diego’s vibrant Hillcrest neighborhood. The property is situated on a 55,183-square-foot parcel of land between Fifth and Sixth Avenues and features a 21,785-square-foot building, currently leased to Rite Aid, one of the nation’s leading drugstore chains. Rite Aid has operated at this location since 1989, demonstrating a stable and longstanding commitment to the site. The property’s current lease term has approximately 12 years remaining, expiring on December 31, 2036. The ground lease, which runs concurrently with Rite Aid’s lease, also has approximately 12 years remaining and includes one 29-year renewal option.  This investment opportunity offers a significantly above market return equal to 14.29% in Year 1, with pricing based on the 12-year term, enabling investors to recoup their initial investment within approximately 6.5 years, with the remaining term providing additional cash flow. Situated in the bustling urban core of Hillcrest, the property benefits from a highly walkable location with cultural diversity and a thriving retail and dining scene. The neighborhood is undergoing significant growth, with new apartment developments positioning Hillcrest to become one of San Diego’s highest-density areas. The property’s central location and large parcel size make it a rare and highly desirable asset within this coveted submarket.  Rite Aid Corporation, one of the largest drugstore chains in the United States with over 2,100 stores across 17 states, brings strong brand recognition and consistent performance, making it a reliable tenant. Rite Aid’s enduring presence at 530 Robinson Ave underscores its commitment to this high-traffic location.  Hillcrest’s ongoing transformation, combined with Rite Aid’s stable tenancy and the property’s strategic location, makes this leasehold interest an exceptional investment opportunity. Investors seeking reliable cash flow and a presence in one of San Diego’s most dynamic neighborhoods will find significant value in this offering.