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Miscellaneous

Mammoth Car Wash

817 S McKenzie St, Foley, AL 36535

Listing Price: $2,818,182

Cap Rate
5.50%
Tenant Name
Mammoth Holdings, LLC (63-Units)
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
3,832
Lease Type
Absolute Net
Rent Per Square Feet
$40.45

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Mammoth Car Wash located at 817 S McKenzie St in Foley, AL. The site consists of 3,832 total square feet of building space and sits on 1.20 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 with 13 Sites in Their Development Pipeline for 2022)
  • Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Miscellaneous

Mammoth Car Wash

Listing Price: $2,818,182

Cap Rate
5.50%
Tenant Name
Mammoth Holdings, LLC (63-Units)
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
3,832
Lease Type
Absolute Net
Rent Per Square Feet
$40.45

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 with 13 Sites in Their Development Pipeline for 2022)
  • 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 817 S McKenzie St in Foley, AL. The site consists of 3,832 total square feet of building space and sits on 1.20 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.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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