Tenancy: Splash Car Wash
Renewal Options: Four, 5-Year Options
Lease Expiration: 20-Years from COE
Rental Increases: 1.50% Annually
• Single Tenant Splash Car Wash Sale-Leaseback
o Corporately guaranteed lease by Splash Car Wash
o Absolute NNN Lease with zero landlord responsibilities
o 20-year initial lease term with four 5-year options
o 1.50% annual increases during primary term and options
• About Splash Car Wash
o 75+ locations across the Northeastern United States: CT, MA, NY, VT
o Private equity backed by multi-billion dollar firm, AEA Investors (More Info) link: https://www.aeainvestors.com/our-history/
o 40+ years in-business employing 1,000+ & washing $1MM+ cars per year
o Expanding Rapidly through Acquisition & Greenfield Development
Headquartered in Milford, Connecticut, Splash Car Wash is one of the largest and most established car wash operators in the Northeastern United States, with 75+ locations across Connecticut, New York, Massachusetts, and Vermont. Founded in 1981, Splash has grown from a single site in Greenwich, CT into a multi-state platform through a combination of organic development and strategic acquisitions.
The company is widely recognized for its strong membership base through the Splash Unlimited Car Wash Club, which drives recurring revenue and customer loyalty. Locations are designed for efficiency and convenience, offering modern tunnel systems, free vacuums, professional detailing bays, and high-throughput operations in densely populated suburban and urban markets.
