$3,519,000 USD
954-703-3602
1614 Old Spanish Trl
Slidell, LA 70458
Outlying St Tammany Parish
HIGHLIGHTS
- Over 17 Years Remaining | Annual Rental Increases | Options to Extend | Established Brand
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-mile Trade Area | Six-Figure Income
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Our Lady of the Lake Surgical Hospital (32 beds)
- Hard Corner Intersection | Interstate 10 | Excellent Visibility & Access
OVERVIEW
• The tenant currently has over 17 years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 1.50% annual increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• Pitstop Car Wash was acquired by Mammoth Holdings, LLC. Mammoth Holdings operates over 150 car wash locations across 17 states under more than 20 brands
FOR SALE DETAILS
PRICE
$3,519,000 USD
PRICE/SF
$767 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mammoth Car Wash - New Orleans (Slidell) LA
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
23
LAND DETAILS
LAND ACRES
1.32 AC
LAND SF
57,499 SF
ZONING
CC
APN/PARCEL ID
91631
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954-703-3602
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954-703-3602
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