B+E Brokers Chicagoland Car Wash Portfolio for $18M

B+E, a brokerage and technology platform for net lease real estate, announced the sale-leaseback of four WashU car wash properties in Chicagoland for $18,411,962. The buyer was Essential Properties Realty Trust, and the seller was WashU Carwash.

Camille Renshaw and Scott Scurich led the B+E team on the deal. The properties are located at 8400 S. Cicero Ave., Burbank, IL; 13727 S. Route 59, Plainfield, IL; 780 N. Addison Road, Villa Park, IL; and 1360 Lee Street, Des Plaines, IL.

“Carwash tenants like WashU are still very popular among net lease buyers,” Camille Renshaw, B+E’s CEO, said. “Often Q1 is slower for this property type, but our marketing process was robust, attracting multiple buyers, and demanded a competitive bid process.”

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