For Sale
$34,200,000
6201 Minaret RdMammoth Lakes, CA 93546
Prime Retail Investment, High NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- Exceptional Class A shopping center in Mammoth Lakes, CA, offering a strong investment opportunity.
- Assumable debt of $18.2M at 4.96% interest, I/O through September 2028, allows for capital leverage and maximized cash flow.
- 57,925 square foot property with 26 tenants, including credit-rated businesses with corporate guarantees, resulting in a stable income stream and 84% occupancy.
- NNN leases with built-in 4% annual rent increases, FMV rent resets, and percentage rent, ensuring consistent income growth and participation in tenant sales performance.
- Prime location adjacent to Mammoth Mountain gondola, in a thriving resort area with ongoing mixed-use development, providing high visibility and foot traffic. Limited operational management due to Village Association oversight.
Property Details for 6201 Minaret Rd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 57,925 SF
- Class
- A
- Year Built
- 2002
Location Insight
- City
- Mammoth Lakes
- County
- Mono
- State
- California
- Latitude
- 37.6505849
- Longitude
- -119.0431226
6201 Minaret Rd, Mammoth Lakes, California
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