Mammoth Car Wash
Special Purpose | 4.75% CAP | 8,555 SqFt
Marketing description
SURMOUNT™ is pleased to present the exclusive listing for a Mammoth Car Wash located at 10550 Biscayne Blvd, Miami, FL 33138. The site consists of roughly 8,555 rentable square feet of building space on an estimated 1.18-acre parcel of land. This Mammoth Car Wash is subject to a 20 Years-year Triple Net (NNN) lease, which commenced 12/29/2021. The annual rent is $391,224 and has scheduled increases of 1.50% annually.
Investment highlights
Income Tax–Free State | Located in one of the nation’s most business-friendly states, the property benefits from Florida’s lack of state income tax, pro-growth economic policies, and consistent population and job expansion. These fundamentals continue to attract residents, corporations, and investment capital, supporting long-term tenant performance and real estate value.
Bonus Depreciation Opportunity | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership. This form of depreciation enhances after-tax cash flow and adds to overall investment returns, making this property ideal for investors looking for tax treatment on real estate holdings. SURMOUNT is not a tax advisor. Please consult your own tax professional.
Corporate Guarantee by Mammoth Car Wash | The lease is backed by Mammoth Car Wash, a well-capitalized and highly experienced operator with over 150 units nationwide. This corporate guarantee provides a strong credit foundation, enhancing tenant reliability, long-term stability, and confidence in the property’s income stream.
Proximity to Lifestyle Amenities | Nearby attractions such as Miami Shores Country Club, Miami Shores Aquatic Center, Quayside Tennis Club, and multiple shopping centers contribute to consistent foot traffic and consumer activity in the trade area.
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