Tenant Profiles

WOW Carwash

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02/29/2024 By B+E

WOW Carwash

https://wowwash.com/ | Garnett Station Partners

5
Number on Market

$7.1M
Average Price

19.4
Average Remaining Term (Years)

5.75%
Average Cap Rate

WOW Carwash Tenant Overview

Founded in 2016, WOW Carwash is an American car wash chain with 9 locations and 2 under construction. Headquartered in Las Vegas, Nevada, the company serves greater Las Vegas and is continually expanding with the help of Garnett Station Partners LLC, its principal investment sponsor.

WOW’s smart technology quickly and affordably cleans cars while minimizing impact on the environment and supporting local communities. The company provides affordable, eco-friendly washes that reflect its environmental dedication while investing strongly in local community causes and organizations to promote a brighter tomorrow. In recent news, WOW Carwash acquired Soap City Express in May 2023, aiming at an expansion of 25 car wash locations across the Las Vegas metro. The company also opened its 11th Las Vegas location in October 2023.

Tenant Data:

COMPANY	WOW Carwash
Guarantor	WOW WASH MIDCO II, LLC
Ownership	Private
Private Equity Partnership	Garnett Station Partners
Headquarters	Las Vegas, NV
Locations (North America)	± 9
Regions	Southwest
Website	https://wowwash.com/

Average WOW Carwash Info
Number on Market	5
Average Price	$7,127,331
Average Remaining Term	19.4 Years
Average Cap Rate	5.75%
Average NOI	$409,822
Average PPSF	$1,490
Average Building SF	4,787 SF
Average Lot Size	1.27 AC
AS OF 7/26/23