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1380 FM 528 Rd - Mister Car Wash 5,419 SF Specialty Building Offered at $7,441,239 CAD at a 5.65% Cap Rate in Webster, TX 77598
Investment Highlights
- 100% Bonus Depreciation
- Strong Sales Performer
- Houston TX MSA Location
Executive Summary
• Single-Tenant Mister Car Wash Sale-Leaseback:
° 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
° 1.50% annual increases during primary term and options
• About Mister Car Wash (2025 Financial Report):
° 548 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
° 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
° 1.50% annual increases during primary term and options
• About Mister Car Wash (2025 Financial Report):
° 548 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
Property Facts
| Price | $7,441,239 CAD | Property Subtype | Car Wash |
| Price Per SF | $1,373.18 CAD | Lot Size | 1.10 AC |
| Sale Type | Investment | Building Size | 5,419 SF |
| Cap Rate | 5.65% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 2020 |
| Property Type | Specialty |
| Price | $7,441,239 CAD |
| Price Per SF | $1,373.18 CAD |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| Sale Condition | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Lot Size | 1.10 AC |
| Building Size | 5,419 SF |
| No. Stories | 1 |
| Year Built | 2020 |
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Property Taxes
| Parcel Number | 1390580010001 | Improvements Assessment | $1,620,225 CAD |
| Land Assessment | $1,359,236 CAD | Total Assessment | $2,979,461 CAD |
Property Taxes
Parcel Number
1390580010001
Land Assessment
$1,359,236 CAD
Improvements Assessment
$1,620,225 CAD
Total Assessment
$2,979,461 CAD
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1380 FM 528 Rd - Mister Car Wash
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