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Mammoth Car Wash

Evansville, Indiana

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NNN Pro Group is pleased to present the exclusive listing for a Mammoth Car Wash located at 6801 Lloyd Expressway in Evansville, Indiana. The site consists of 4,667 total square feet of building space and sits on 1.81 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.

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 (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:
$4,444,444
Cap Rate:
6.75%
Annual Rent:
$300,000
Address:
6801 Lloyd Expressway, Evansville, Indiana 47715
Property Type:
Car Wash
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Close of Escrow
Lease Expiration:
20 Years from Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
1.50% Annually
Lot Size:
1.81 Acres
Building Size:
4,667 SF
Year Built:
2023
Tenant:
Mammoth Car Wash

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Edward Otocka

License: 10401298466

Amelia Haydock

License: 10401334976

Andrew Darby

Broker of record

Brian Brockman

Bang Realty, Inc

License: RB14037939


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