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

Property and Equipment, Net

3 Months Ended

Mar. 31, 2024

3. Property and Equipment, Net

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


	As of
	March 31, 2024			December 31, 2023
Land	$	127,185		$	121,960
Buildings and improvements		290,506			263,468
Finance leases		16,604			16,604
Leasehold improvements		137,481			135,861
Vehicles and equipment		299,574			285,127
Furniture, fixtures and equipment		102,260			100,457
Construction in progress		88,075			75,639
Property and equipment, gross		1,061,685			999,116
Less: accumulated depreciation		(284,915	)		(270,706	)
Less: accumulated amortization - finance leases		(3,540	)		(3,289	)
Property and equipment, net	$	773,230		$	725,121

For the three months ended March 31, 2024 and 2023, depreciation expense was $17,700 and $15,379, respectively.

For the three months ended March 31, 2024 and 2023, amortization expense on finance leases was $251 and $251, respectively.