14761 Mono Way Sonora, CA 95370-9268

Property Details for 14761 Mono Way

Year built

1973

Construction

WOOD

Lot size

0.19 lot acres

Property size

1,202 SF

Zone code

C-1

Property type

Commercial real estate

APN

061-130-038-000

APU

61130038000

Description

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.