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


	As of
	June 30, 2025			December 31, 2024
Land	$	135,390		$	123,550
Buildings and improvements		379,634			328,664
Finance leases		16,497			16,554
Leasehold improvements		162,465			151,635
Vehicles and equipment		366,598			353,660
Furniture, fixtures and equipment		105,767			106,271
Construction in progress		72,557			61,153
Property and equipment, gross		1,238,908			1,141,487
Accumulated depreciation		(353,692	)		(322,676	)
Accumulated amortization - finance leases		(4,689	)		(4,211	)
Property and equipment, net	$	880,527		$	814,600

For the three months ended June 30, 2025 and 2024, depreciation expense was $21,032 and $18,372, respectively. For the six months ended June 30, 2025 and 2024, depreciation expense was $41,239 and $36,072, respectively.

For the three months ended June 30, 2025 and 2024, amortization expense on finance leases was $242 and $251, respectively. For the six months ended June 30, 2025 and 2024, amortization expense on finance leases was $486 and $502, respectively.

During the second quarter of 2025, the Company sold a car wash location that was classified as held for sale. Based on the net proceeds of the sale, a gain of $338 was recorded during the second quarter of 2025. The gain was recorded in loss on sale of assets, net on the consolidated statements of operations and comprehensive income.

As of June 30, 2025, the two car wash locations classified as held for sale have a net book value of $3,294. The assets of these locations are recorded in property and equipment, net on the consolidated balance sheets.