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Get In TouchSwifty Car Wash – Brunswick, GA
Mammoth Holdings
2105 Glynn Avenue, Brunswick, GA 31520, USA
Sands Investment Group is pleased to exclusively offer for sale the Mammoth Holdings-backed Swifty Car Wash located at 2105 Glynn Avenue, Brunswick, GA. The asset features an Absolute Triple Net (NNN) Lease with 17 years on the current term and 1.5% annual rent increases. The corporate guarantee on the lease is from one of the country’s largest car wash operators, Mammoth Holdings, providing for a secure investment opportunity. The property qualifies for 15-year accelerated depreciation as well as bonus depreciation.
- Long-Term Absolute Triple Net (NNN) Lease: Absolute NNN lease with 17 years remaining, featuring 1.5% annual rent increases for stable, predictable income growth.
- Exceptionally Low Rent: This property ranks in the 94th percentile nationwide for lowest rent among comparable Absolute NNN (non ground lease) on market car wash assets.
- Strong Traffic Counts: The site has exposure to a combined traffic count exceeding 65,000 VPD.
- Mammrand Guarantoroth B: Operated by Mammoth Holdings, a leading car wash operator, ensuring operational expertise and brand reliability with over 150 locations.
- Extremely Strong Site-Level Performance and Rent to EBITDA Coverage Ratio: Contact agent for additional information.
- Prime Location Near St. Simons Island: Strategically located on Glynn Avenue just across from the only access bridge to and from St. Simons Island, a popular tourist and residential destination.
- Bonus Depreciation Advantage: This asset is eligible for bonus depreciation, offering significant tax benefits to investors.
In Cooperation With Sands Investment Group Atlanta, LLC – Lic. #67374 BoR: Andrew Ackerman – Lic. GA #311619
Mammoth Holdings
2105 Glynn Avenue, Brunswick, GA 31520, USA
MAMMOTH HOLDINGS
Mammoth Holdings is a car wash operator and investment company, founded in 2002 and headquartered in Dallas, Texas, that owns and operates a multi-state portfolio of car wash brands through a differentiated acquisition strategy. Mammoth Holdings is transforming the car wash experience by offering a subscription service that prioritizes customer convenience. Mammoth is one of the largest car wash operating platforms in the United States, with over 150 locations, spanning 17 states and 20+ brands. They exist to create a positive impact in communities and support team members in delivering outstanding service every day. Their employees are essential to their success, as they embody commitment to excellence and help drive growth in the industry.
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Asheville, North Carolina
Cap Rate: 6.50%
$4,051,000
Available
Price
$3,086,600
Cap Rate
6.00%
PREMISES
3,837 SF
RENEWAL OPTIONS
4 x 5 Year
Lease Expiration
09/01/2042
Lease Type
Absolute NNN
RENTAL INCREASES
1.5% Annually
BROKERS
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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