Matthews™ Facilitates Sale of a Carwash Facility in Texas

Sale of a Carwash & Dogwash in Dallas-Fort Worth MSA 

 

Dallas-Fort Worth —  Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, facilitated the sale of Marvel Carwash & Dogwash at 1551 Justin Road, Flower Mound, TX. Matthews™ First Vice President & Director Clay Smith, Vice President Beryl Grant, and Associate Landon Carter facilitated the transaction.  

 

The buyer, Raceway Car Wash, continues expansion into the Dallas-Fort Worth market, with this site fitting perfectly into their strategic growth plans. They plan to grow the site and build density through future acquisitions. This acquisition brings Raceway’s total to 44 sites nationwide, with six locations in the DFW area. 

 

The seller sought to capitalize on the equity built from growing the business. “They secured their desired price with the first buyer presented through a swift, off-market transaction,” Carter said. 

 

“We are thrilled to welcome Marvel Car Wash into the Raceway family. This location is an excellent addition to our portfolio, and we’re excited to bring our signature services and unbeatable membership value to the Flower Mound community and beyond,” Chief Operating Officer and Director of M&A at Raceway Car Wash, Andrew Schell said. 

 

For more information or to contact a Matthews™ specialized agent, please visit
www.matthews.com. 

 

About Matthews™ 

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.