Village at Mammoth
Retail | 7.09% CAP | 57,925 SqFt
Marketing description
SSG Realty Partners (“SSG”) takes pride in presenting an exceptional commercial investment opportunity with The Village at Mammoth (“Property” or “Commercial Village”), a trophy asset situated in the heart of Mammoth Lakes, located in California’s Eastern Sierras. Encompassing 57,925 square feet of ground-floor retail space, this premier property is strategically situated adjacent to the gondola at the base of the world-famous Mammoth Mountain Ski Area. The Commercial Village offers a wide variety of restaurants and upscale shops to meet the discerning needs of visitors to this highly sought-after ski resort destination. Furthermore, the Commercial Village’s central location connects the Property with a wide variety of lodging and hospitality offerings, including The Village Lodge, The Westin Monache Resort, and Aspen Ski Company’s Limelight Hotel & Residences (Opening 2025).
Investment highlights
· “Generational Real Estate” in an irreplaceable location, ski in ski out access, with extremely high barriers to entry.
· Highly attractive assumable debt of $18.2M @ 4.96% annual rate, I/O through September 2028, offers an investor the rare opportunity to leverage their capital while maximizing Cash Flow and COC Returns.
· Major developments of mixed-use, hospitality, residential, commercial and parking facilities are underway on several adjacent properties, solidifying The Village as the central location within Mammoth.
· Historical tenant sales growth and favorable lease structures provide an investor with stabilized returns, substantial income growth, and the opportunity to add value. The Property’s NNN leases include minimum 4% annual increases, fair market value (FMV) rent resets and meaningful percentage rent, allowing Ownership to enjoy the benefits of both market appreciation and direct economic participation in tenant retail sales performance.
· Limited operational management required, as the commercial property, in tandem with the 276 adjoining residential units that together comprise The Village, are actively managed by the Village Association.
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