Current Use by Public Records
- Specialty properties
Property Details for 6210 Spanish Trail Dr
- Year built
- 2023
- Lot size
- 1.39 lot acres
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
Exceptional investment opportunity in Theodore, Alabama, featuring a brand-new, 4,676 square foot Mammoth Car Wash. This fee-simple property sits on a 1.39-acre lot and boasts a 20-year triple-net (NNN) lease with a strong corporate guarantee from Mammoth Car Wash (operating over 130 units). The lease commenced upon closing and features a substantial annual rent of $266,766, with built-in annual rent increases of 1.50%. The property offers a compelling 7.00% cap rate and a price per square foot of $815. Built in 2023, this car wash represents a low-maintenance, high-return investment with minimal landlord responsibilities due to the NNN lease structure. The property is located at 6210 Spanish Trail Dr, Theodore, AL 36582, offering convenient access and high visibility. This is a rare opportunity to acquire a high-performing asset with long-term stability and significant upside potential. The asking price is $3,810,943. This is a turnkey investment ready for immediate cash flow.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Theodore
- County
- Mobile
- State
- Alabama
- Longitude
- -88.2132
- Latitude
- 30.5619
