• Single-Tenant Mister Car Wash:
° Corporately guaranteed lease by the top car wash operator in the U.S.
° Absolute NNN Lease, zero landlord responsibilities
° 20-year initial lease term with four 5-year options
° 1.5% annual increases during primary term and options
• About Mister Car Wash:
° 550+ locations with numerous new sites set to open in 2026 - #1 largest operator
° Surpassed $1 Billion in total reported revenue in 2025 – becoming the first express car wash brand in
history to break the billion-dollar threshold.
° 2.3 million Unlimited Wash Club members – representing nearly 80% of their total wash sales
° 34 new locations opened from 2024-2025 – About a 7% increase
• Leonard Green Backing:
° Institutional Sponsorship: Leonard Green & Partners is a large-cap private equity firm with nearly
$100B of assets under management, providing deep capital and strategic resources.
° Proven Long-Term Partner: LGP has been invested in Mister Car Wash since 2014 and has played a
key role in scaling the platform into the nation’s largest operator, with plans to significantly expand its
national footprint.
° $3.1B Take-Private (Feb 2026): LGP’s agreement to take Mister Car Wash private underscores strong
conviction in the long-term growth story.
° Accelerated Growth Strategy: Operating outside of public-market pressures allows for greater
investment in technology, store upgrades, M&A, and aggressive unit expansion.