23 car wash net lease properties are observed for sale across 11 states as of October 23, 2026, at a median asking cap rate of 5.75%. Investment Grade Research tracks each one across publicly marketed offerings and broker materials, checks every tenant against the investment grade threshold, and publishes the observations here: which tenants are on the market, what they are asking, how pricing breaks down by tenant and state, and how an acquisition or 1031 exchange buyer should work through it.
Asking cap rates run from 5.30% to 6.79%, with the middle half of listings between 5.61% and 5.90% across 1 tenants. Median asking price $5.46M. Average remaining lease term 11.5 years among 3 listings that state a term. Figures update automatically from publicly marketed offerings and broker materials.
Car Wash NNN Properties For Sale: Latest Listings
Up to twenty-four single-tenant car wash properties with published pricing, the newest from each tenant first so every tenant in the category is represented. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.
| Tenant | Location | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|---|
| Mister Car Wash | Anoka, MN | $5,593,398 | 5.65% | $316,027 | n/a | 2014 | Not stated | Get full property data |
| Mister Car Wash | Mankato, MN | $9,500,000 | 6.00% | $570,000 | n/a | 2023 | Not stated | Get full property data |
| Mister Car Wash | Abilene, TX | $8,598,000 | 5.90% | $507,000 | n/a | 2024 | Not stated | Get full property data |
| Mister Car Wash | Springfield, MO | $3,449,110 | 5.90% | $203,498 | n/a | 2008 | Not stated | Get full property data |
| Mister Car Wash | Springfield, MO | $2,908,888 | 5.90% | $171,624 | n/a | 2009 | Not stated | Get full property data |
| Mister Car Wash | Columbia, TN | $3,330,861 | 6.50% | $216,504 | n/a | 2007 | Not stated | Get full property data |
| Mister Car Wash | Sahuarita, AZ | $5,462,000 | 5.70% | $311,390 | n/a | 2022 | Not stated | Get full property data |
| Mister Car Wash | Mulberry, FL | $5,570,965 | 5.50% | $306,403 | n/a | 2023 | Not stated | Get full property data |
| Mister Car Wash | Pueblo, CO | $5,597,480 | 5.75% | $321,855 | n/a | 2013 | Not stated | Get full property data |
| Mister Car Wash | Clarksville, TN | $3,434,215 | 5.75% | $197,467 | n/a | 2008 | Not stated | Get full property data |
| Mister Car Wash | Clarksville, TN | $3,405,596 | 5.75% | $195,822 | n/a | 2007 | Not stated | Get full property data |
| Mister Car Wash | Clarksville, TN | $4,121,058 | 5.75% | $236,961 | n/a | 2014 | Not stated | Get full property data |
| Mister Car Wash | Horizon City, TX | $5,825,000 | 5.50% | $320,385 | n/a | 2023 | Not stated | Get full property data |
| Mister Car Wash | Champlin, MN | $4,241,806 | 5.60% | $237,541 | n/a | 2022 | Not stated | Get full property data |
| Mister Car Wash | Eden Prairie, MN | $7,812,645 | 5.35% | $408,250 | n/a | 2024 | Not stated | Get full property data |
| Mister Car Wash | Orlando, FL | $6,780,000 | 5.70% | $386,334 | n/a | 2017 | Not stated | Get full property data |
| Mister Car Wash | Herriman, UT | $5,561,528 | 5.30% | $294,761 | n/a | 2022 | Not stated | Get full property data |
| Mister Car Wash | Winter Haven, FL | $6,911,000 | 5.50% | $380,117 | n/a | 2023 | Not stated | Get full property data |
| Mister Car Wash | Los Lunas, NM | $5,359,858 | 5.65% | $302,832 | 18.4 yrs | 2023 | Absolute NNN | Get full property data |
| Mister Car Wash | Lubbock, TX | $2,850,000 | 6.79% | $193,600 | 3.1 yrs | 1989 | Absolute NNN | Get full property data |
| Mister Car Wash | Canton, GA | $7,000,000 | 6.60% | $455,177 | 13.0 yrs | 2018 | NNN | Get full property data |
| Mister Car Wash | Hesperia, CA | $3,333,333 | 6.00% | n/a | n/a | 2025 | Not stated | Get full property data |
Showing 22 of 23 observed Car Wash listings: the newest listing from each tenant first, then each tenant’s next newest, so every tenant with inventory appears. Listings without a published asking price and cap rate are not shown here.
Market observations aggregated from publicly marketed offerings and broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the offering party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.
Tenants in the Car Wash Category
Listing count, median asking cap rate and cap range by tenant. The spread between tenants inside one category is usually a story about lease guarantee, remaining term and building age, which is why each tenant page breaks its inventory down further.
| Tenant | Listings | States | Median Cap | Cap Range | Median Price | |
|---|---|---|---|---|---|---|
| Mister Car Wash | 23 | 11 | 5.75% | 5.30% to 6.79% | $5.46M | Mister Car Wash NNN for sale |
Tenants in this category with at least one qualifying listing. Each tenant page carries its own listings, cap rate bands and state breakdown.
Where Car Wash NNN Properties Are For Sale
| State | Listings | Avg Cap Rate | Avg Asking Price |
|---|---|---|---|
| TN | 4 | 5.94% | $3.57M |
| MN | 4 | 5.65% | $6.79M |
| TX | 3 | 6.06% | $5.76M |
| FL | 3 | 5.57% | $6.42M |
| MO | 2 | 5.90% | $3.18M |
| NM | 2 | 5.65% | $5.21M |
| UT | 1 | 5.30% | $5.56M |
| CA | 1 | 6.00% | $3.33M |
| CO | 1 | 5.75% | $5.60M |
| GA | 1 | 6.60% | $7.00M |
| AZ | 1 | 5.70% | $5.46M |
States with the most Car Wash listings observed. Averages are simple means of published asking figures.
How to Evaluate a Car Wash Net Lease Property
Car wash net lease grew quickly through sale-leasebacks by consolidating operators, which means many leases were set at rents tied to the operator’s capital needs rather than to the real estate. Confirm the rent coverage, the guarantor entity and whether the lease is absolute net.
Equipment is a large share of the asset’s cost, so understand what you own, what the tenant owns and what happens to it at expiration. Alternative use for a tunnel wash is limited, which makes the credit and the term the whole story.
Compare asking cap rates across operators and against the broader retail net lease market before anchoring on the category.
For the credit side of each tenant, start with the investment grade credit tenant ratings table, and the credit rating and cap rate page linked from each tenant’s for-sale page.
1031 Exchange Buyers and Car Wash NNN
Car wash net lease is a newer category for exchange buyers and deserves a closer look at rent coverage and guarantor strength before identification. The 45-day identification and 180-day exchange periods come from Internal Revenue Code Section 1031 and Treasury Regulation 1.1031(k)-1; this is general information, not tax advice, and your qualified intermediary and CPA handle the exchange side. Our role is the property.
Frequently Asked Questions: Car Wash NNN Properties For Sale
How many Car Wash NNN properties are for sale right now?
As of October 23, 2026, 23 single-tenant car wash net lease properties are observed for sale across 11 states and 1 tenants. The count updates automatically as listings are added and withdrawn.
What cap rates are Car Wash NNN properties asking?
The median asking cap rate across observed car wash listings is 5.75%, with the middle half of listings between 5.61% and 5.90% and a full range of 5.30% to 6.79%. Cap rates vary by tenant, guarantee, remaining term and location; confirm the lease before relying on any single figure.
Which tenant has the most Car Wash listings on the market?
Mister Car Wash currently has the most observed listings in the category, at 23. The tenant table above shows every tenant in the category with live inventory.
Which states have the most Car Wash NNN properties for sale?
The states with the most observed car wash listings right now are TN, MN, TX. The state table above lists the top states with average asking cap rate and price.
What is the typical asking price for Car Wash NNN properties?
The median asking price across observed car wash listings is $5.46M, with a range of $2.85M to $9.50M. Price depends on rent, cap rate and lease structure, so compare within a tenant before comparing across the category.
Are these listings offered by Investment Grade?
No. These are market observations aggregated from publicly marketed offerings and broker materials, not offerings by Investment Grade Income Property, LP. Registering for full property data connects you with our team for buyer representation and due diligence; the listing broker remains the listing broker.
Other NNN Categories For Sale
- QSR NNN properties for sale (819 listings)
- Casual Dining NNN properties for sale (108 listings)
- Pharmacy NNN properties for sale (513 listings)
- Dollar Store NNN properties for sale (798 listings)
- Bank Branch NNN properties for sale (140 listings)
- Auto Parts and Service NNN properties for sale (285 listings)
- Gas Station and C-Store NNN properties for sale (341 listings)
- Grocery and Big Box NNN properties for sale (43 listings)
- Healthcare NNN properties for sale (168 listings)
- All NNN properties for sale by tenant
