Lorient acquired this Cobblestone Car Wash in Caldwell, Idaho, in the Boise metro, in December 2025. Cobblestone is part of Spotless Brands, one of the largest express car wash platforms in the country.
The lease is a 20-year net lease with 1.5% annual escalations and a fixed rent schedule that extends through six automatic five-year renewals, a potential fifty-year term. The tenant carries all taxes, insurance, maintenance and structural repairs.
At $478,500 of base rent, Caldwell is the largest single income stream in Lorient's car wash portfolio.
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