Slidell, LA - Mammoth Car Wash

Description:

• 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 site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Super-center, Lowe’s, Aldi, Amazon Distribution Center, Taco Bell, Burger King, McDonald’s and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The asset is in close proximity to Our Lady of the Lake Surgical Hospital (32 beds), further increasing consumer traffic to the immediate trade area

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Listing ID: a28TP0000034NcDYAU