B+E brokers largest car wash portfolio of 2024

NEW YORK — B+E, the first brokerage and technology platform for net lease real estate, announced in a press release the sale leaseback of four WashU car wash properties for $18,411,962 in Chicagoland. 

The properties are located at:

• 8400 S. Cicero Ave., Burbank, Illinois
• 13727 S. Route 59, Plainfield, Illinois
• 780 N. Addison Rd., Villa Park, Illinois
• 360 Lee St., Des Plaines, Illinois

Per CoStar and B+E data, this is the largest portfolio of car washes sold in the US to date in 2024.

“Car wash tenants like WashU are still very popular among net lease buyers,” said Camille Renshaw, B+E’s CEO. “Often Q1 is slower for this property type, but our marketing process was robust, attracting multiple buyers and [demanding] a competitive bid process.”

The buyer is Essential Properties Realty Trust, and the seller is WashU Carwash. 

Camille Renshaw and Scott Scurich led the B+E team on the deal.