Mammoth Car Wash
3,456 SF Specialty Building Offered at $5,075,000 at a 6.50% Cap Rate in Decatur, GA 30035
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,075,000
- Property Type
-
Specialty
- Square Feet
- 3,456 SF
- Price / Square Foot
- $1,468
Listing Contacts
Glen Kunofsky
Verified Profile
Matthew Anuszkiewicz
Verified Profile
Francis Purritano
Verified Profile
Walker Stevens
Verified Profile
- Property Info
Property Overview
NNN Pro is pleased to present the exclusive listing for the Mammoth Car Wash located at 4947 Covington Highway, Decatur, GA. The site consists of 3,456 total square feet of building space and sits on 1.19 acres of land. This Mammoth Car Wash is subject to a 22-year absolute triple-net (NNN) lease, which commenced July 26th, 2018. The current annual rent is $329,875 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 2, 10-year renewal options.
Property Details
- Class
- B
- Year Built
- 2006
- Stories
- 1
- Property Subtype
- Car Wash
- Lot Size (sq. ft)
- 51,836 SF
Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Approximately 16.9 Years Remaining
- Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by Mammoth Holdings, LLC (100+ Unit Operator)
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