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Miscellaneous

Mammoth Car Wash

300 Simmons Rd, Knoxville, TN 37922

Listing Price: $4,086,957

Cap Rate
5.75%
Tenant Name
Mammoth Holdings
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
4,248
Lease Type
Absolute Net
Rent Per Square Feet
$55.32

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Mammoth Car Wash located at 300 Simmons Road in Knoxville, TN. The site consists of 4,248 total square feet of building space and sits on 1.07 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

  • 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 (63-Unit Operator)
  • Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
  • Rental Increases: The Lease will Include 1.50% Annual Rental Increases

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Listing Price: $4,086,957

Cap Rate
5.75%
Tenant Name
Mammoth Holdings
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
4,248
Lease Type
Absolute Net
Rent Per Square Feet
$55.32

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 (63-Unit Operator)
  • Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
  • Rental Increases: The Lease will Include 1.50% Annual Rental Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Mammoth Car Wash located at 300 Simmons Road in Knoxville, TN. The site consists of 4,248 total square feet of building space and sits on 1.07 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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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