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3146 Midway Dr 33,406 SF Retail Building San Diego, CA 92110 $18,260,355 CAD ($546.62 CAD/SF) 5.13% Cap Rate
Investment Highlights
- Prime Midway Drive frontage with 25,900+ daily traffic and exceptional regional accessibility.
- Positioned near the transformative $4B Midway Rising redevelopment project.
- Anchored by national tenants Taco Bell and Popeyes with strong daily consumer traffic.
- Opportunity zone eligible
Executive Summary
BridgePoint Realty, Inc. is proud to present Midway Commercial Center, a prominent multi-tenant retail and office offering strategically positioned along Midway Drive within one of San Diego’s most established commercial corridors. Situated on an expansive 73,616 SF parcel, the property encompasses approximately 33,406 gross square feet across four standalone buildings. Midway Commercial Center features a dynamic and complementary tenant mix anchored by national brands, stable daily-needs retail, high-traffic dining concepts, and essential service-oriented businesses, all serving a dense surrounding population and a strong, continuously active regional trade area.
Call/text listing agent, Alex Kohl
(858)735-2652
Call/text listing agent, Alex Kohl
(858)735-2652
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,534,444
|
$1,278.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$76,722
|
$63.94
|
| Effective Gross Income |
$1,457,722
|
$1,214.77
|
| Taxes |
$206,342
|
$171.95
|
| Operating Expenses |
$314,267
|
$261.89
|
| Total Expenses |
$520,609
|
$433.84
|
| Net Operating Income |
$937,113
|
$780.93
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,534,444 |
| Annual Per SF | $1,278.70 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $76,722 |
| Annual Per SF | $63.94 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,457,722 |
| Annual Per SF | $1,214.77 |
| Taxes (CAD) | |
|---|---|
| Annual | $206,342 |
| Annual Per SF | $171.95 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $314,267 |
| Annual Per SF | $261.89 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $520,609 |
| Annual Per SF | $433.84 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $937,113 |
| Annual Per SF | $780.93 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
33,406 SF
Building Class
B
Year Built/Renovated
1985/2018
Price
$18,260,355 CAD
Price Per SF
$546.62 CAD
Cap Rate
5.13%
NOI
$936,756 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.45
Lot Size
1.69 AC
Zoning
CC-1-3
Parking
90 Spaces (2.69 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Drive Thru
- On-Site Security Staff
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Popeye's Louisiana Kitchen
- Services
- 3,200 SF
- -
- Triple Net
- Jun 2032
- Taco BellR
- Services
- 1,904 SF
- -
- Triple Net
- May 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Popeye's Louisiana Kitchen | Services | 3,200 SF | - | Triple Net | Jun 2032 | |
| Taco BellR | Services | 1,904 SF | - | Triple Net | May 2036 |
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 441-640-08 | Total Assessment | $6,109,748 CAD |
| Land Assessment | $4,058,514 CAD | Annual Taxes | $206,342 CAD ($6.18 CAD/SF) |
| Improvements Assessment | $2,051,234 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
441-640-08
Land Assessment
$4,058,514 CAD
Improvements Assessment
$2,051,234 CAD
Total Assessment
$6,109,748 CAD
Annual Taxes
$206,342 CAD ($6.18 CAD/SF)
Tax Year
2025
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3146 Midway Dr
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