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Miscellaneous

Mammoth Car Wash

943 Cumberland Gap Pkwy, Corbin, KY 40701

Listing Price: $3,078,972

Cap Rate
5.35%
Tenant Name
Mammoth Holdings, LLC
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
4,375
Lease Type
Absolute Net
Rent Per Square Feet
$37.65

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Mammoth Car Wash located at 942 Cumberland Gap Parkway. The site consists of 4,375 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 (74-Unit Operator)
  • Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Miscellaneous

Mammoth Car Wash

Listing Price: $3,078,972

Cap Rate
5.35%
Tenant Name
Mammoth Holdings, LLC
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
4,375
Lease Type
Absolute Net
Rent Per Square Feet
$37.65

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 (74-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 942 Cumberland Gap Parkway. The site consists of 4,375 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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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