Miscellaneous
Mammoth Car Wash
943 Cumberland Gap Pkwy, Corbin, KY 40701
Listing Price: $3,078,972
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.
Mammoth Car Wash
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
Listing Price: $3,078,972
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.
