NNN Pro is pleased to present the exclusive listing for the Mammoth Car Wash located at 2900 52nd Avenue South in Fargo, ND. The site consists of 3,500 total square feet of building space and sits on 1.09 acres of land. The site will be subject to a 20-year sale-leaseback with Mammoth Car Wash. The lease will call for 1.50% annual rental escalations during the base term and throughout the four, five-year renewal option periods.
About the Investment:
✓ 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 (130+ Unit Operator)
✓ Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
✓ Rental Increases: The Lease will Include 1.50% Annual Rental Increases
NNN Pro is pleased to present the exclusive listing for the Mammoth Car Wash located at 2120 Sheyenne Street in West Fargo, ND. The site consists of 4,808 total square feet of building space and sits on 0.88 acres of land. The site will be subject to a 20-year sale-leaseback with Mammoth Car Wash. The lease will call for 1.50% annual rental escalations during the base term and throughout the four, five-year renewal option periods.
About the Investment:
✓ 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 (130+ Unit Operator)
✓ Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
✓ Rental Increases: The Lease will Include 1.50% Annual Rental Increases
