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Mammoth Car Wash

Decatur, Georgia

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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.

About the Investment:

✓ 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)
✓ 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

Key Details

Price:
$4,887,037
Cap Rate:
6.75%
Annual Rent:
$329,875
Address:
4947 Covington Highway, Decatur, Georgia 30035
Property Type:
Car Wash
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
July 26, 2018
Lease Expiration:
December 31, 2040
Lease Term Remaining:
16.9 Years
Rental Increases:
1.50% Annually
Lot Size:
1.19 Acres
Building Size:
3,456 SF
Year Built:
2006
Tenant:
Mammoth Car Wash

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Francis Purritano

License: 10401333619

Walker Stevens

Broker of record

Brian Brockman

Bang Realty-Georgia, Inc

License: 378952


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