AT THE DOORSTEP TO HEAVENLY VILLAGE
2 Retail Properties Offered at $39,500,000 in South Lake Tahoe, CA
KW commercial, as the Exclusive Agent, is pleased to present the opportunity to acquire this rare portfolio of retail properties at the base of two of South Lake Tahoe’s newest mixed-use developments;
The Chateau & Zalanta Retail Centers
Overview
The entire Property is currently 100 % leased on NNN leases. The Chateau Retail Center consists of +/-30,494 square feet. Directly adjacent to The Chateau is the Zalanta Retail Center, consisting of +/-20,263 Square Feet, over nine distinct suites. The Portfolio offers investors ± 50,757 square feet of prime retail that shares over 460 feet of combined frontage along Lake Tahoe Boulevard, the community’s main thoroughfare.
The Portfolio’s ground zero location cannot be overstated as they both sit within walking distance to South Lake Tahoe’s most visited destinations; Heavenly Village, Edgewood Tahoe Golf Course, Harrah’s, Harvey's, and the Hard Rock Casinos, as well as Lakeside Beach.
At 100% leased, the Portfolio offers immediate lease-up opportunities and given South Lake Tahoe’s difficult entitlement process favorably position these assets long-term to compete against older vintage assets in the market.
DETAILS
- Price: $39,500,000
- Price/SF: $778 / SF
- Cap Rate: 7%
- Sale Type: Investment
- Status: Active
- Number of Properties: 2
- Individually For Sale: 0
- Total Building Size: ± 50,757 SF
- Total Land Area: ± 50,757 SF
LINKS
INVESTMENT HIGHLIGHTS
- 100% Leased NNN Investment
- Rare Opportunity to Purchase South Lake Tahoe Stateline Retail Portfolio
- World Class Legacy Property and Location
