Antioch Car Wash Portfolio Specialty FOR SALE


Antioch, CA - Pittsburg/Antioch
$4,250,000 USD
650-787-1535
, Antioch, CA for Sale
$4,250,000 USD
Specialty - FOR SALE
1/13
null | 12.17% Cap Rate

Antioch Car Wash Portfolio
Antioch, CA
Pittsburg/Antioch


HIGHLIGHTS

  • Stabilized 12.2% cap rate on $517,279 adjusted NOI (2025 actuals)
  • Two established Antioch car wash operations - Express + Full-Service
  • $827K+ recently invested in new conveyors and express kiosks (2023-2025)
  • Delta Fair ground lease - 33 years remaining through 2058, with tenant ROFR
  • E 18th fee-simple real estate and business; revenue up +30.7% in 2025
  • Blended SBA 504/7(a) financing - 30.8% cash-on-cash at 15% down

OVERVIEW

Lee & Associates is pleased to exclusively offer for sale the Antioch Car Wash Portfolio — a two-location, multi-tenant car wash investment in Antioch, California. The portfolio generates $517,279 in adjusted net operating income on a 2025 full-year basis, delivering a 12.2% cap rate at the $4,250,000 asking price. INVESTMENT HIGHLIGHTS: • Stabilized 12.2% cap on $517,279 adjusted NOI — immediate returns from two established operations. • $827,000+ in recent capital improvements (new conveyors and express kiosks, 2023–2025); Delta Fair posted a +57% NOI gain as a result. • Long-term ground lease at Delta Fair (33 years remaining through 2058, with a tenant Right of First Refusal) plus fee-simple real estate and business at E 18th. • E 18th revenue momentum: +30.7% in 2025; the reported NOI dip reflects a one-time $260,153 equipment modernization, of which $231,154 is a non-recurring add-back. • Favorable SBA financing — a blended 504/7(a) structure returns 30.8% cash-on-cash at 15% down; the E 18th fee-simple parcel ($2.2M) anchors the 504 collateral. PROPERTY SUMMARY: • 3103 Delta Fair Blvd — 0.55 acres; ground lease with CPI escalations and tenant ROFR; 2025 revenue $1,072,224; adjusted NOI $346,048. • 300 E 18th St — 0.85 acres; fee simple (real estate + business), acquired January 2020 for $2,000,000; 2025 revenue $526,826; adjusted NOI $171,230. • Combined 2025 revenue $1,599,050 across 1.40 acres; GRM 2.66x. Both locations offer Express and Full-Service formats with a $24.95/month unlimited membership. Financing assumptions are illustrative; buyers should verify terms with their lender. Offered subject to a confidentiality agreement.

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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.