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Drugstore For Sale • 21,785 SF
| 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 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) | 5 min | - | 2.7 mi |
| Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) | 6 min | - | 3.4 mi |
| Airport | Drive | Walk | Distance |
| San Diego International | 6 min | - | 2.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 80 |
| Type: | Surface |
| Included in Rent: | Yes |
