535 Robinson Ave | San Diego, CA 92103
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- LoopNet Team
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
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
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
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