A heightened demand for car washes can be attributed to a growing population, increased car ownership, and a focus on vehicle maintenance and appearance.
As a result, lenders have recognized the potential profitability of car wash investments, leading to an uptick in lending activity, Matt Marlin, Vice President, Debt & Equity, SRS Real Estate Partners National Net Lease Group (SRS), tells GlobeSt.com.
And despite experiencing notable volatility, buyers and owners continue to secure long-term financing for car wash assets.
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