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1614 Old Spanish Trl - Mammoth Car Wash - New Orleans (Slidell) LA 4,587 SF Specialty Building Offered at $3,519,000 at a 6% Cap Rate in Slidell, LA 70458
Investment Highlights
- Over 17 Years Remaining | Annual Rental Increases | Options to Extend | Established Brand
- Strong Demographics in 5-mile Trade Area | Six-Figure Income
- Hard Corner Intersection | Interstate 10 | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Our Lady of the Lake Surgical Hospital (32 beds)
Executive Summary
• 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
• 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
Property Facts
| Price | $3,519,000 | Building Class | C |
| Price Per SF | $767.17 | Lot Size | 1.32 AC |
| Sale Type | Investment NNN | Building Size | 4,587 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Car Wash | Parking Ratio | 5.01/1,000 SF |
| Zoning | CC - Commercial Corridor | ||
| Price | $3,519,000 |
| Price Per SF | $767.17 |
| Sale Type | Investment NNN |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.32 AC |
| Building Size | 4,587 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 5.01/1,000 SF |
| Zoning | CC - Commercial Corridor |
Amenities
- Signage
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 91631 | Improvements Assessment | $37,831 |
| Land Assessment | $0 | Total Assessment | $37,831 |
Property Taxes
Parcel Number
91631
Land Assessment
$0
Improvements Assessment
$37,831
Total Assessment
$37,831
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