Mister Car Wash Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

3 Months Ended

Mar. 31, 2022

3. Property and Equipment, Net

Property and equipment, net consisted of the following for the periods presented:


	As of
	March 31, 2022			December 31, 2021
Land	$	87,072		$	81,911
Buildings and improvements		177,301			171,540
Finance leases		16,497			16,497
Leasehold improvements		96,704			92,821
Vehicles and equipment		191,464			188,053
Furniture, fixtures and equipment		76,848			73,213
Construction in progress		31,407			24,724
Property and equipment, gross		677,293			648,759
Less: accumulated depreciation		(187,860	)		(175,017	)
Less: accumulated depreciation - finance leases		(1,536	)		(1,294	)
Property and equipment, net	$	487,897		$	472,448

For the three months ended March 31, 2022 and 2021, depreciation expense was $12,934 and $9,971, respectively.

For the three months ended March 31, 2022 and 2021, amortization expense on finance leases was $242 and $242, respectively.