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Car Wash

Mammoth Car Wash

2900 52nd St S, Fargo, ND 58104

Listing Price: $3,991,991

Cap Rate
5.50%
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
$62.73

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Mammoth Car Wash located at 2900 52nd Avenue South in Fargo, ND. The site consists of 3,500 total square feet of building space and sits on 1.09 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

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) ND: 10032

    North Dakota

Car Wash

Mammoth Car Wash

Listing Price: $3,991,991

Cap Rate
5.50%
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
$62.73

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 2900 52nd Avenue South in Fargo, ND. The site consists of 3,500 total square feet of building space and sits on 1.09 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

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): ND: 10032

    North Dakota

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