For Sale
$3,810,943

6210 Spanish Trail DrTheodore, AL 36582

High-yield car wash, 20-year lease

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in Theodore, Alabama, featuring a brand-new, 4,676 square foot Mammoth Car Wash. This fee-simple property sits on a 1.39-acre lot and boasts a 20-year triple-net (NNN) lease with a strong corporate guarantee from Mammoth Car Wash (operating over 130 units). The lease commenced upon closing and features a substantial annual rent of $266,766, with built-in annual rent increases of 1.50%. The property offers a compelling 7.00% cap rate and a price per square foot of $815. Built in 2023, this car wash represents a low-maintenance, high-return investment with minimal landlord responsibilities due to the NNN lease structure. The property is located at 6210 Spanish Trail Dr, Theodore, AL 36582, offering convenient access and high visibility. This is a rare opportunity to acquire a high-performing asset with long-term stability and significant upside potential. The asking price is $3,810,943. This is a turnkey investment ready for immediate cash flow.

Highlights

  • 20-Year Absolute NNN Lease with no landlord responsibilities.
  • 1.5% annual rent increases.
  • Strong corporate guarantee from Mammoth Car Wash (130+ locations).

Property Details for 6210 Spanish Trail Dr

Property type
Specialty properties, Car washes
Square Feet
4,676 SF
Year Built
2023
Lot Size (sq. ft)
60,548 SF

Location Insight

City
Theodore
County
Mobile
State
Alabama
Latitude
30.5618991
Longitude
-88.2132498
6210 Spanish Trail Dr, Theodore, Alabama

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6210 Spanish Trail Dr
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