Description

JLL is pleased to exclusively offer for sale the GO Car Wash Portfolio, is comprised of six locations totaling 28,476 SF all located in Las Vegas, Nevada(the “Portfolio” or “Properties”). The Properties are all operated by GO Car Wash facilities(collectively, “GO Car Wash” or “Tenant”). The Tenant is a rapidly expanding owner and operator of express carwash and detailing services with over 150 locations across 11 States. Established as a platform investment by Imperial Capital Group and RCL Partners, GO Car Wash was created to build a leading national network by acquiring and integrating

car washes while prioritizing operational excellence and technological innovation.

The Portfolio offers investors the opportunity to acquire a net lease car wash portfolio located in infill Las Vegas, benefiting from eligibility for 100% bonus depreciation. All six Properties operate on a master lease, with 16.4 years of lease term remaining, 1.5% annual escalations, four, five-year options and zero landlord responsibilities, providing stable, long-term income and low operational risk. Investors benefit from modern carwash assets in the affluent, high traffic count locations in Las Vegas, all with close proximity to Downtown Las Vegas or the Las Vegas Strip, attracting travelers from around the country.

Additionally, GO Car Wash is owned by Imperial Capital Group, who provides the strategic backing that fuels GO Car Wash’s platform expansion. With over $3.6 billion in assets under management and a specific focus on high-quality business and consumer service opportunities, Imperial Capital supports GO Car Wash's ongoing growth and operational investments.

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Attributes

Asking price

THB 781,969,000

NOI

THB 54,740,000

Cap rate

WAULT

16.4 years

Building area net

2,646 m²

Land area gross

2.48 ha

GO Car Wash Portfolio - Las Vegas, NV (6 Properties)

Media

Investment Highlights

Absolute NNN Master Lease Structure: Zero landlord responsibilities..

Long-Term Lease Security: Approximately 16.4 years remaining on the master lease term.

Built-In Annual Rent Growth: 1.50% annual rent increases.

Extended Renewal Options: Four 5-year renewal options.

Rapidly Growing National Tenant: GO Car Wash operates 156 locations across 11 states with over 500,000 active monthly subscriptions.

Strong Private Equity Backing: Majority owned by Imperial Capital Group with $3.6 billion in assets under management.

Prime Las Vegas Infill Locations: Strategically positioned throughout Las Vegas with proximity to the Strip, downtown, and major traffic corridors.

High-Traffic Visibility: Combined vehicle exposure exceeding 230,000 vehicles per day across all six locations.

Affluent Trade Area Demographics: Portfolio surrounded by dense populations with strong household incomes and significant daytime population increases.

100% Bonus Depreciation Eligible: All properties qualify for immediate tax benefits through bonus depreciation.