Instant Insights / Retail Rising

Car Washes are Shining Up Balance Sheets in Sale-Leaseback Deals

Buyers seeking tax breaks have been spiffing up their portfolios by gobbling up mom-and-pop operations.

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One of the hottest retail properties attracting sale-leaseback buyers is a drive-through location where you can’t open your window.

“Car washes are the hottest specialty product in sale-leasebacks right now,” Camille Renshaw, CEO and Co-Founder of B+E, told GlobeSt this week at the Net Lease Spring conference in New York.

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