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https://www.whitewatercw.com/ | Freeman Spogli & Co.
WhiteWater Express Car Wash Tenant Overview
Founded in 2016 in Tomball, Texas, WhiteWater Express has rapidly expanded to over 120 locations across six states. Supported by Freeman Spogli & Co., the company offers premium services like free vacuums, air guns, mat cleaning, and a high-performance wash system, including carnauba wax and rain-repellent glass wax. WhiteWater is committed to sustainability, using just 25-30 gallons of water per car wash—70% less than industry standards—and eco-friendly detergents. Recent growth includes six new locations in 2024 and strategic acquisitions, like Four Seasons Car Wash in Ohio and Classic Auto Space in Louisiana.
Tenant Data:
| COMPANY | WhiteWater Express Car Wash |
|---|---|
| Guarantor | Corporate |
| Ownership | Private |
| Private Equity Partnership | Freeman Spogli & Co. |
| Headquarters | Tomball, TX |
| Locations (North America) | ± 125 |
| Regions | South, Midwest |
| Employees | ± 1,300 |
| Founded | 2016 |
| Website | https://www.whitewatercw.com/ |
| Average WhiteWater Express Car Wash | |
|---|---|
| Number on Market | 9 |
| Average Price | $4,537,638 |
| Average Remaining Term | 17.0 Years |
| Average Cap Rate | 6.14% |
| Average NOI | $279,398 |
| Average PPSF | $1,082 |
| Average Building SF | 4,557 SF |
| Average Lot Size | 1.50 AC |
| AS OF 04/01/2025 | |
Featured Listings:
Available
- $4,250,000
Available
- $15,262,000
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