6210 Spanish Trail - Car Washes FOR SALE
Theodore, AL 36582 |
$3,810,943 USD
332-345-4222
6210 Spanish Trail
Theodore, AL 36582
HIGHLIGHTS
- 20-Year Absolute Triple Net (NNN) Lease At closing the tenant will execute a brand-new 20-year absolute triple-net lease.
- Strong Corporate Guarantee The lease will be subject to a strong corporate guarantee from Mammoth Car Wash (130+ units).
- Attractive Rent Increases The lease will feature scheduled increases of 1.50% annually.
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Mammoth Car Wash located at 6210 Spanish Trail Dr, Theodore, AL. The site consists of roughly 4,676 rentable square feet of building space on an estimated 1.39-acre parcel of land. This Mammoth Car Wash is subject to a 20 year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $266,766 and has scheduled increases of 1.50% annually.
FOR SALE DETAILS
PRICE
$3,810,943 USD
PRICE/SF
$815 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mammoth Car Wash
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
18
LAND DETAILS
LAND ACRES
1.39 AC
LAND SF
60,548 SF
ZONING
-
APN/PARCEL ID
38-02-09-3-002-023,38-02-09-3-002-024
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
332-345-4222
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
332-345-4222
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
