Matthews Real Estate Investment Services successfully completed the sale of Shine Shop Car Wash facilities to Rocket Carwash.
Despite rising interest rates, the seller and investors alike were able to receive a strong return on the sale of Shine Shop Car Wash.
Market Significance
Shine Shop was exclusive to Iowa, and has all Iowa locations were sold to Rocket Carwash.
The Shine Shop Car Wash locations are in the cities of Ankeny, Waukee, Grimes, and Johnston, Iowa.
Rocket Carwash aims to continue expanding their footprint in the Iowa market.
Client Impact
Management Quote
“It was a pleasure working with Rocket Car Wash to help facilitate their growth in the Iowa market. Rocket continues to show strong growth in the market, as they continue to become a legitimate player on a national scale.”
Beryl Grant, Associate Vice President at Matthews Real Estate Investment Services
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