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Miscellaneous

Mammoth Car Wash

1500 S Minnesota Ave, Sioux Falls, SD 57105

Listing Price: $6,152,804

Cap Rate
5.35%
Tenant Name
Mammoth Holdings, LLC
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
22,362
Lease Type
Absolute Net
Rent Per Square Feet
$14.72

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Mammoth Car Wash located at 1500 S Minnesota Ave in Sioux Falls, SD. The site consists of 22,362 total square feet of building space and sits on 1.68 acres of land. The site will be subject to a 20-year sale-leaseback with Mammoth Holdings, LLC. The lease will call for 1.50% annual rental escalations during the base term and throughout the four, five-year renewal option periods.

Investment Highlights

  • A 20-Year Triple-Net (NNN) Lease : At Closing the Tenant will Execute A Brand New 20-Year Absolute Triple-Net Lease | Lease will Have No Landlord Responsibilities
  • Corporate Guarantee: The Lease will be subject to a Corporate Guarantee by Mammoth Holdings, LLC (99-Unit Operator)
  • Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) SD: 17724

    South Dakota

Miscellaneous

Mammoth Car Wash

Listing Price: $6,152,804

Cap Rate
5.35%
Tenant Name
Mammoth Holdings, LLC
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
22,362
Lease Type
Absolute Net
Rent Per Square Feet
$14.72

Investment Highlights

  • A 20-Year Triple-Net (NNN) Lease : At Closing the Tenant will Execute A Brand New 20-Year Absolute Triple-Net Lease | Lease will Have No Landlord Responsibilities
  • Corporate Guarantee: The Lease will be subject to a Corporate Guarantee by Mammoth Holdings, LLC (99-Unit Operator)
  • Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Mammoth Car Wash located at 1500 S Minnesota Ave in Sioux Falls, SD. The site consists of 22,362 total square feet of building space and sits on 1.68 acres of land. The site will be subject to a 20-year sale-leaseback with Mammoth Holdings, LLC. The lease will call for 1.50% annual rental escalations during the base term and throughout the four, five-year renewal option periods.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): SD: 17724

    South Dakota

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