Mister Car Wash - Holland, MI
100% Bonus Depreciation | Top-Credit Operator
Marketing description
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.
Brand New, 2022 Construction: Mister’s latest prototype design
Heavily Trafficked Location: Positioned on a 60,000+ CPD intersection w/ close proximity & visibility to US-31
Strong Nearby Demographics: 98,000+ Residents & $109,000+ Average Household Income within a 5-mile radius
Excellent Retail Synergy in Immediate Trade Area: Pad to a Menards anchored retail center
Close Proximity to Meijer, ALDI, and Walmart anchored shopping centers
Bonus Depreciation: Property qualifies for 100% bonus depreciation on carwash improvements (contact for more info) “Big Beautiful Bill” includes the reset of bonus depreciation to 100% for 2025 and beyond
Booming Nearby Development: Lake Macatawa Waterfront - A mixed-use development comprised of a 50-room hotel, 108 residences, and numerous retail sites under construction
LG Energy Solution Campus - $1.7+ billion electric vehicle battery plant
Holland Heights - 120-unit multi-family development, made up of single, double, and triple bedrooms
Gerald R. Ford International Airport: 35-minute drive 3.7+ million annual passengers, servicing 10 total airlines to 33 non-stop destinations
#1 largest airport in west Michigan, and 2nd biggest in the state behind Detroit Metropolitan Airport
Grand Rapids-Kentwood MSA: Population of 1,150,000+ #2 largest MSA in the state of Michigan, 2nd only to Detroit-Ann Arbor MSA
Anchored by Grand Rapids, MI, the County Seat of Kent County
Mister Car Wash, Quick Quack Car Wash, Tommy’s Express Car Wash, Take-5 Car Wash, Whistle Express Car Wash, El Car Wash, Caliber Car Wash, Super Star Car Wash, Mammoth Car Wash
Investment highlights
LINK TO OFFERING MEMORANDUM: https://realsource.com/listings/
• 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
2% 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
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