Technical
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Property profile

6201 Minaret Rd Mammoth Lakes, CA 93546

OFF-MARKET
Lifestyle centers
57,925 SF Built 2002
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Property summary

AI-generated overview

This exceptional Class A shopping center in Mammoth Lakes, CA, presents a compelling investment opportunity. The 57,925 square foot property boasts 26 tenants, including credit-rated businesses with corporate guarantees, ensuring a stable income stream. Currently operating at 84% occupancy, the center generates a strong NOI of $2,354,000, with a pro-forma NOI of $2,448,000, reflecting a 6.88% cap rate and a pro-forma cap rate of 7.16%. Built in 2002, the property features a triple-net (NNN) lease structure with built-in rent bumps, providing consistent income growth. The strategic location at 6201 Minaret Rd and 100 Canyon Blvd, adjacent to the Mammoth Mountain gondola, ensures high visibility and foot traffic. The property benefits from its prime location within a thriving resort destination, surrounded by hotels and lodging, and is ideally positioned to capitalize on future development in the area. The fee-simple ownership offers complete control and potential for long-term appreciation. APN numbers are 033-022-010-000

Property profile

Verified
Property type Lifestyle centers
Year built 2002
Total area 57,925 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6201 Minaret Rd Mammoth Lakes, CA 93546
Mammoth Lakes metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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