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

Property and Equipment, Net

3 Months Ended

Mar. 31, 2023

3. Property and Equipment, Net

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


	As of
	March 31, 2023			December 31, 2022
Land	$	100,090		$	94,594
Buildings and improvements		204,617			189,998
Finance leases		16,604			16,604
Leasehold improvements		118,952			115,811
Vehicles and equipment		236,175			229,453
Furniture, fixtures and equipment		90,567			86,613
Construction in progress		68,061			53,373
Property and equipment, gross		835,066			786,446
Less: accumulated depreciation		(235,836	)		(223,288	)
Less: accumulated amortization - finance leases		(2,535	)		(2,284	)
Property and equipment, net	$	596,695		$	560,874

For the three months ended March 31, 2023 and 2022, depreciation expense was $15,379 and $12,934, respectively.

For the three months ended March 31, 2023 and 2022, amortization expense on finance leases was $251 and $242, respectively.