Tenant Profiles

Mister Car Wash

B+E > B+E INSIGHTS > Tenant Profiles > Mister Car Wash

02/29/2024 By B+E

Mister Car Wash

https://mistercarwash.com/ | Car Wash Partners, Inc.

8
Number on Market

$4.3M
Average Price

17.7
Average Remaining Term (Years)

5.89%
Average Cap Rate

Mister Car Wash Tenant Overview

Founded in Houston, Texas, Mister Car Wash is the largest car wash operator in North America, with over 425 locations nationwide. The Mister brand is anchored in quality, friendliness, and commitment to creating memorable customer experiences. The company is home to nearly 1.7 million unlimited wash club members. Its implementation of freshwater systems reduces water usage by 11%. On average, 33% of water is recycled during the wash process. Mister Car Wash makes continuous investments to improve site flow, tunnel equipment, and installation. The company has completed over 100 acquisitions with full integration into the Mister brand.

Tenant Data:

COMPANY	Mister Car Wash
Guarantor	Car Wash Partners, Inc.
Ownership	Public
Headquarters	Tucson, AZ
Ticker	NYSE: MCW
Credit Rating	B- (S&P)
Annual Revenue	± $877M (FY 2022)
Locations (North America)	± 425
Regions	Nationwide
Website	https://mistercarwash.com/

Average Mister Car Wash Info
Number on Market	8
Average Price	$4,272,630
Average Remaining Term	17.7 Years
Average Cap Rate	5.89%
Average NOI	$254,651
Average PPSF	$1,166
Average Building SF	3,902 SF
Average Lot Size	1.32 AC
AS OF 7/26/2023