535 Robinson Ave | San Diego, CA 92103
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This Retail Property is no longer advertised on LoopNet.com.
535 Robinson Ave
San Diego, CA 92103
Rite Aid - Leasehold · Retail Property For Sale

INVESTMENT HIGHLIGHTS
- Prime Location in Hillcrest: Situated on 1.27 Acre lot in the vibrant & walkable Hillcrest neighborhood
- Attractive Cash Flow: Offering a 14.29% return in Year 1, enabling investors to recoup their initial investment in 6.5 years
- Irreplaceable Asset & Tenant: 21,785 SF building is leased to Rite Aid, nationally recognized drugstore chain with 2,100 stores across 17 states
- Long Term Rite Aid Tenancy: Rite Aid has been a stable tenant at this location since 1989, with 12 Years Remaining
- Renewal Options: The ground lease runs concurrently with Rite Aid’s lease, with 12 years remaining & 29 year option in 2036
- * Leasehold Interest Only
PROPERTY FACTS
Property Type
Retail
Property Subtype
- Drug Store
- General Retail Convenience Store
- General Retail Freestanding
- General Retail Storefront
Building Size
21,785 SF
Building Class
B
Year Built
1982
Tenancy
Single
Building Height
1 Story
Building FAR
0.91
Lot Size
0.55 AC
Zoning
6
Parking
80 Spaces (3.67 Spaces per 1,000 SF Leased)
Frontage
235’ on Robinson Ave
AMENITIES
- Corner Lot
- Signalized Intersection
- Monument Signage
LINKS
PROPERTY TAXES
| Parcel Number | 452-063-52 | Improvements Assessment | $2,000,255 |
| Land Assessment | $724,766 | Total Assessment | $2,725,021 |
PROPERTY TAXES
Parcel Number
452-063-52
Land Assessment
$724,766
Improvements Assessment
$2,000,255
Total Assessment
$2,725,021
Listing ID: 34790682
Date on Market: 2/11/2025
Last Updated:
Address: 535 Robinson Ave, San Diego, CA 92103
The Hillcrest Retail Property at 535 Robinson Ave, San Diego, CA 92103 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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