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8130 Parkway Dr 8,000 SF Retail Building La Mesa, CA 91942 $3,800,000 ($475/SF) 5.17% Cap Rate
Executive Summary
This is a fully leased, single-tenant net leased investment opportunity located at 8130 Parkway Drive in La Mesa, California. The property is occupied by MobilityWorks, the largest provider of wheelchair-accessible vehicles and adaptive driving solutions in the U.S., operating under a long-term triple-net lease that runs through August 18, 2031. The lease includes annual rent escalations of 3%, offering consistent income growth for investors. MobilityWorks has a national footprint with over 110 locations and estimated annual revenues approaching $800 million, ensuring a stable and creditworthy tenant.
Strategically positioned near the intersection of Parkway Drive and the high-traffic Fletcher Parkway corridor, the property benefits from excellent visibility and proximity to major retailers such as Costco, McDonald’s, and Chipotle. The site sits less than a mile from Interstate 8, providing direct access to Downtown San Diego, Mission Valley, and the broader regional freeway network. Recent capital improvements and a well-maintained building footprint further enhance the long-term investment value.
This asset offers investors an opportunity to acquire a stable income stream in a highly desirable infill location within San Diego County. With limited landlord responsibilities and a strong tenant, the property delivers both security and upside potential.
Strategically positioned near the intersection of Parkway Drive and the high-traffic Fletcher Parkway corridor, the property benefits from excellent visibility and proximity to major retailers such as Costco, McDonald’s, and Chipotle. The site sits less than a mile from Interstate 8, providing direct access to Downtown San Diego, Mission Valley, and the broader regional freeway network. Recent capital improvements and a well-maintained building footprint further enhance the long-term investment value.
This asset offers investors an opportunity to acquire a stable income stream in a highly desirable infill location within San Diego County. With limited landlord responsibilities and a strong tenant, the property delivers both security and upside potential.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
1972
Price
$3,800,000
Price Per SF
$475
Cap Rate
5.17%
NOI
$196,628
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.73 AC
Zoning
C-D, La Mesa
Parking
43 Spaces (5.38 Spaces per 1,000 SF Leased)
Frontage
96’ on Parkway Dr
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 464-050-15 | Improvements Assessment | $516,324 |
| Land Assessment | $1,936,231 | Total Assessment | $2,452,555 |
Property Taxes
Parcel Number
464-050-15
Land Assessment
$1,936,231
Improvements Assessment
$516,324
Total Assessment
$2,452,555
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8130 Parkway Dr
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