WhiteWater Express Car Wash
WhiteWater Express Car Wash
https://www.whitewatercw.com/ | Freeman Spogli & Co.
9
Number on Market
$4.8M
Average Price
17.8
Average Remaining Term (Years)
5.86%
Average Cap Rate
WhiteWater Express Car Wash Tenant Overview
WhiteWater is a leading express car wash platform that has grown from a single-location operator in 2016 to over 60 locations currently across Texas, Oklahoma, Ohio, Kentucky, and Michigan.
Headquartered in Tomball, Texas, WhiteWater enables accelerated expansion through a multi-pronged, multi-regional growth strategy bolstered by Freeman Spogli’s extensive experience in scaling multi-unit businesses. Freeman Spogli & Co. is WhiteWater’s private equity firm that has invested over $5.3 billion in 67 portfolio companies, with an aggregate transaction value of over $25 billion. WhiteWater’s locations provide customers with free vacuums, air guns, wet/dry mat cleaning, and towel exchange. Its car wash system comes with triple color polish, high-power wheel cleaning, gold carnauba wax, rain-repellent glass wax, and high-intensity flash drying.
In recent expansion plans, WhiteWater has opened in Springfield, OH; Baton Rouge, LA; Richmond, TX; and Sturgis, MI, in Q2 2023. WhiteWater acquired Louisiana-based Classic Auto Space and Houston-based Bubble King Car Wash in March 2023.
Tenant Data:
| COMPANY | WhiteWater Express Car Wash |
|---|---|
| Guarantor | Corporate Guarantee |
| Ownership | Private |
| Private Equity Partnership | Freeman Spogli & Co. |
| Headquarters | Tomball, TX |
| Locations (North America) | ± 125 |
| Regions | South, Midwest |
| Website | https://www.whitewatercw.com/ |
| Average WhiteWater Express Car Wash Info | |
|---|---|
| Number on Market | 9 |
| Average Price | $4,750,404 |
| Average Remaining Term | 17.8 Years |
| Average Cap Rate | 5.86% |
| Average NOI | $278,889 |
| Average PPSF | $1,073 |
| Average Building SF | 4,755 SF |
| Average Lot Size | 1.41 AC |
| AS OF 7/26/2023 | |
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