Current Use by Public Records
- Lifestyle centers
Property Details for 6201 Minaret Rd
- Year built
- 2002
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mammoth Lakes
- County
- Mono
- State
- California
- Longitude
- -119.043
- Latitude
- 37.6506
