Mister Car Wash – Eden Prairie, MN

• 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
• 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.