2434 W Broad St - Mammoth Car Wash
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2434 W Broad St - Mammoth Car Wash
2,700 SF Speciality Building Offered at £3,823,862 at a 6.75% Net Initial Yield in Athens, GA 30606
Investment Highlights
- 22-Year Triple-Net (NNN) Lease: Over 16 Years Remaining | Absolute NNN - No Landlord Responsibilities
- Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by Mammoth Holdings, LLC (130+ Unit Operator)
- Accelerated Depreciation: The Property Qualifies for 15-Year Accelerated Depreciation as well as Bonus Depreciation
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Mammoth Car Wash located at 2434 West Broad St, Athens, Georgia 30606. The site consists of roughly 2,700 rentable square feet of building space on an estimated 0.91-acre parcel of land. This Mammoth Car Wash is subject to a 22-year Triple Net (NNN) lease, which commenced 7/26/2018. The current annual rent is $329,875 and has scheduled increases of 1.50% Annually.
Property Facts
| Price | £3,823,862 | Building Class | B |
| Price Per SF | £1,416 | Lot Size | 0.91 AC |
| Sale Type | Investment NNN | Building Size | 2,700 SF |
| Net Initial Yield | 6.75% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2019 |
| Property Subtype | Car Wash | Parking Ratio | 7.78/1,000 SF |
| Price | £3,823,862 |
| Price Per SF | £1,416 |
| Sale Type | Investment NNN |
| Net Initial Yield | 6.75% |
| Property Type | Speciality |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.91 AC |
| Building Size | 2,700 SF |
| Number of Floors | 1 |
| Year Built | 2019 |
| Parking Ratio | 7.78/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 121-009-B | Improvements Assessment | £315,388 |
| Land Assessment | £239,242 | Total Assessment | £554,630 |
PROPERTY TAXES
Parcel Number
121-009-B
Land Assessment
£239,242
Improvements Assessment
£315,388
Total Assessment
£554,630
zoning
| Zoning Code | C-G (General Commercial) |
| C-G (General Commercial) |
Contacts
-
Glen Kunofsky -
Adam Friedlander -
Russell Wachtler -
Edward DeMatteis -
NNN Pro Group
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2434 W Broad St - Mammoth Car Wash
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