Triple-net leased car wash inventory declined to 200 on-market properties in January 2026, down 40 listings month-over-month and 31% from November’s high of 289 listings, investment brokerage firm B+E reported. For 1031 exchange and private capital investors, “fewer listings typically translate to more selective opportunities and competitive bidding for stabilized assets,” the firm said in its latest NNN Car Wash Listed Inventory report.
January’s average cap rate for car wash properties settled at 6.24%, continuing a narrow trading band between 6.24% and 6.33% over the past six months. According to B+E, this consistency reflects ongoing demand for stabilized operators, predictable underwriting expectations and continued appetite for long-term net lease income.
By brand name, January’s largest concentration of inventory was in Whistle Express listings. However, the brand wasn’t represented in the top state by listings: Texas, where Whistle Express currently doesn’t have any locations. The chain operates across the Southeast and in Colorado.
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