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Miscellaneous

Mammoth Car Wash

8401 SW 40th St, Miami, FL 33155

Listing Price: $5,722,500

Cap Rate
4.75%
Tenant Name
Mammoth Holdings, LLC
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
2,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$113.26

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Mammoth Car Wash located at 8401 SW 40th St in Miami, FL. The site consists of 2,400 total square feet of building space and sits on 0.41 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 (66-Unit Operator with 10 Sites in Their Development Pipeline for 2022)
  • Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Miscellaneous

Mammoth Car Wash

Listing Price: $5,722,500

Cap Rate
4.75%
Tenant Name
Mammoth Holdings, LLC
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
2,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$113.26

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 (66-Unit Operator with 10 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 8401 SW 40th St in Miami, FL. The site consists of 2,400 total square feet of building space and sits on 0.41 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

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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