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El Car Wash Tenant Overview
Founded in 2011 and headquartered in Miami, El Car Wash is Florida’s largest express car wash company and is expanding rapidly in Michigan. Known for state-of-the-art technology, eco-friendly practices, and exceptional service, El Car Wash partners with major organizations like the Florida Panthers and Detroit Lions. The company recycles 88% of water used and saves customers approximately 100 gallons per wash. Recently, El Car Wash acquired six ZIPS locations in Orlando and three SPIN locations in Broward County for over $50 million. With 65 locations and 300,000+ active members, the company plans to surpass 100 locations by 2026.
Tenant Data:
| COMPANY | El Car Wash |
|---|---|
| Guarantor | Warburg Pincus, LLC |
| Headquarters | Miami, FL |
| Private Equity Partnership | Warburg Pincus |
| Ownership | Private |
| Founded | 2011 |
| Locations | ± 65 |
| Regions | Florida & Michigan |
| Employees | ± 1,000 |
| Website | www.elcarwash.com |
| Average El Car Wash | |
|---|---|
| Number on Market | 1 |
| Average Price | $5,769,230 |
| Average Remaining Term | 20.0 Years |
| Average Cap Rate | 6.50% |
| Average NOI | $375,000 |
| Average PPSF | $1,429 |
| Average Building SF | 4,037 SF |
| Average Lot Size | 1.73 AC |
| AS OF 04/01/2025 | |
Featured Listings:
Available
- $4,250,000
Available
- $15,262,000
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