Driven Brands Acquires Rocket Express Car Wash In Pharr, TX

Rocket Express Carwash located at 701 W Ridge Rd in Pharr, Texas has been sold. The property is a retail asset with a size of 1.65 square feet. The sale was arranged by Marcus & Millichap, a real estate investment firm.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: Not mentioned
• Date of Sale: 03/14/2022
• Market: Pharr, TX

The buyer of Rocket Express Carwash is Driven Brands. The sale was facilitated by the brokers from Marcus & Millichap, namely Ben Etskovitz, Sam Etskovitz, and Wes Peacock. They represented both the seller, a limited liability company, and the buyer, a limited liability company.

The car wash facility features a build-to-suit development with cutting-edge equipment, including a 100-foot tunnel, 22 Vacutech vacuum stalls, and 3 DRB Systems pay stations. This acquisition allows the buyer to expand their car wash portfolio, while the seller took advantage of the competitive real estate market to maximize their returns.