6210 Spanish Trail Dr Theodore, AL 36582
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.