604 Fairway Dr - Car Washes FOR SALE


Galt, CA 95632
$1,800,000 USD
650-787-1535
604 Fairway Dr, Galt, CA for Sale
$1,800,000 USD
Car Washes - FOR SALE
1/8
null | Request Cap Rate

604 Fairway Dr
Galt, CA 95632


HIGHLIGHTS

  • Value-add upside: active management targets $750K-$850K Year-2 revenue and a 12.0%-15.2% proforma cap
  • Anchored to 2024 adjusted NOI of $282,643 (11.3% cap); soft 2025 reflects passive ownership, not a deficiency
  • Strong demographics: Galt population +30% since 2000, $86,327 median income, 77% homeownership
  • Two-operator tunnel market - Gilly's is the only direct competitor; ~5,000 homes in the residential pipeline
  • Clean fee-simple express tunnel (real estate + business), acquired 2022; SBA 504/7(a) financing available

OVERVIEW

Lee & Associates is pleased to present Triple Crown Car Wash — a clean, **fee-simple express tunnel** in Galt, offered at $1,800,000, reduced from $2,500,000. The price includes the real estate and the business, on 0.71 acres with a 4,100 SF improvement. At the reduced price the asset is a **12.6% cap** on $227,413 of 2025 adjusted NOI — presented here as a conservative floor. That 2025 figure reflects passive ownership and minimal marketing, not condition: revenue of $484,112 is roughly **half the $750K–$1.2M benchmark** for California express tunnels. The gap is operational, and it is the opportunity. Galt is one of only **two express-tunnel operators** in the entire city, and with roughly **2,900 homes approved or under construction** and a General Plan supporting 50,000+ residents (nearly double today's ~27,000), an active operator has a credible path to **$300,000–$380,000 of NOI within two years** — a 16.7%–21.1% cap on the buyer's basis. The ~$1.4M real-estate value is a hard-asset floor beneath the investment, supported by the 2022 acquisition price. The fee-simple parcel is **SBA 504/7(a) eligible**. The seller is motivated and focused on a qualified buyer able to close cleanly. A full offering memorandum is available on request. *This location is also available alongside two Antioch car washes, which can be purchased separately or together.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$479 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TRIPLE CROWN CAR WASH

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

HC

APN/PARCEL ID

150-0391-037

ASK ABOUT THIS PROPERTY

Alex PeckLee & Associates Commercial Real Estate ServiceMore Info
650-787-1535

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Alex PeckLee & Associates Commercial Real Estate ServiceMore Info
650-787-1535

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.