August 2025 Net Lease Car Wash Properties Report
The car wash sector continues to draw steady investor interest in 2025. Using insights from B+E’s 1031 Trade Database, our August update breaks down where the market stands today—covering listings, pricing, cap rates, tenant activity, and state-by-state trends—so you can see exactly where opportunities are emerging.
Market Overview – August 2025
As of September 2, 2025, there are 104 net lease car wash properties on the market nationwide.
- Average Cap Rate: 6.33% (down from 6.37% in July)
- Average Price: $5.09M
- Average NOI: $323,894
- Average Lease Term: 17.7 years
This stability signals continued investor confidence in the sector, with steady pricing and long lease commitments.
Operator Highlights
Leading operators by listings:
- Club Car Wash – 10 listings | Avg. cap rate: 6.00%
- Quick Quack Car Wash – 10 listings | Avg. cap rate: 5.39%
- Mister Car Wash – 7 listings | Avg. cap rate: 6.04%
- Whitewater Express – 6 listings | Avg. cap rate: 6.40%
- Caliber Car Wash – 5 listings | Avg. cap rate: 6.75%
Premium pricing trends stand out for Wow Carwash ($7.1M avg. price, 19.4-year leases) and El Car Wash ($6.8M avg. price, 18.8-year leases), signaling strong brand equity with investors.
State-by-State Snapshot
Top states for active net lease car wash properties:
- Texas: 16 properties | 6.36% cap rate
- Arkansas: 12 properties | 6.19% cap rate
- California: 11 properties | 5.37% cap rate
- Florida: 7 properties | 6.43% cap rate
Additional inventory is spread across Michigan, Nevada, Georgia, Virginia, and more, with cap rates generally ranging between 6.2% and 6.8%.
For Buyers and Sellers
Whether you’re looking to acquire a net lease car wash property or evaluating a sale-leaseback, the August 2025 data provides a real-time snapshot of market conditions. With steady nationwide inventory, competitive pricing, and long lease terms, this sector remains attractive for both buyers and sellers.
Download the full August 2025 Car Wash Report to see the complete tenant and state breakdown, including average price, NOI, and lease terms.
Download the Report
- $4,250,000
- $15,262,000