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Car Wash

Mammoth Car Wash

1614 Old Spanish Trail, Slidell, LA 70458

Listing Price: $3,758,692

Cap Rate
5.75%
Tenant Name
Mammoth Car Wash
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
3,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.75

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Mammoth Car Wash located at 1614 Old Spanish Trail. The site consists of 3,500 total square feet of building space and sits on 1.00 acres of land. The site will be subject to a 20-year sale-leaseback with Mammoth Car Wash. 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

  • 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 (100+ Unit Operator)
  • Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation

Exclusively Listed By

Car Wash

Mammoth Car Wash

Listing Price: $3,758,692

Cap Rate
5.75%
Tenant Name
Mammoth Car Wash
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
3,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.75

Investment Highlights

  • 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 (100+ 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 1614 Old Spanish Trail. The site consists of 3,500 total square feet of building space and sits on 1.00 acres of land. The site will be subject to a 20-year sale-leaseback with Mammoth Car Wash. 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

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