For Sale
$6,100,000

14761 Mono WaySonora, CA 95370

Sonora, CA Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This 58,670 sq ft, multi-tenant retail center in Sonora, CA, offers a compelling investment opportunity. Located on 5.5 acres at 14761 Mono Way, it boasts 94% occupancy and a strong NOI of $457,000, yielding a 7.50% cap rate at an asking price of $6,100,000. The property features 80 parking spaces and is situated on a major retail corridor with high visibility and accessibility near Highway 108. Anchored by notable tenants like Nate's Saw and Motor and NAPA Auto Parts, along with other prominent businesses such as Bank of America, U-Haul, Enterprise, McDonald's, AM PM, Slakey Brothers, and Tractor Supply Co., the center benefits from a diverse and strong co-tenancy. The property is zoned C-1: MX and offers a variety of retail spaces, ranging from smaller units to larger spaces exceeding 10,000 square feet, catering to a wide range of businesses. The center's attractive aesthetics, including highly visible monument signage, enhance its curb appeal and attract customers. With a robust residential population in the surrounding area and its strategic location within a 30-mile trade radius, Mono Village Shopping Center presents a stable and potentially lucrative investment opportunity in a thriving mountain community. Most leases are triple-net (NNN) and below market rates, offering significant upside potential for future income growth. The APN is 61-130-048; 061-130-055; 061-120-031.

Highlights

  • $6,100,000 asking price for a 58,670 square foot retail property in Sonora, CA.
  • 7.50% cap rate with a $457,000 NOI and 94% occupancy.
  • Multi-tenant NNN lease structure.
  • Located on Mono Way, a main retail corridor near Highway 108, in a 30-mile trade area.
  • Strong tenant mix including Bank of America, U-Haul, McDonald's, and Tractor Supply Co.
  • 80 parking spaces.

Property Details for 14761 Mono Way

Property type
Retail properties
Square Feet
58,670 SF
Lot Size (sq. ft)
239,580 SF

Location Insight

City
Sonora
County
Tuolumne
State
California
Latitude
37.9768119
Longitude
-120.3203747
14761 Mono Way, Sonora, California

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14761 Mono Way
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