Mammoth Car Wash
White Bear Lake, Minnesota
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NNN Pro Group is pleased to present the exclusive listing for a Mammoth Car Wash located at 2180 7th Street in White Bear Lake, Minnesota. The site consists of 13,659 total square feet of building space and sits on 0.72 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 (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
Talk to the pros
Andrew Darby
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