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300 E 18th St
Antioch, CA 94509
TRIPLE CROWN CAR WASH · Specialty Property For Sale
·
3,310 SF
Executive Summary
Business & Real Estate Included.
NO SELLER FINANCING
Lee & Associates is pleased to present the E 18th Street car wash in Antioch — offered **fee simple** at $1,800,000, reduced from $2,500,000. Unlike a leasehold deal, the price includes the land and building, so the buyer owns the real estate.
The going-in cap rate is **9.5%** on $171,230 of 2025 adjusted NOI, but the headline understates the asset. Roughly **$1.4M–$1.5M of the price is owned real estate** at a conservative ~5% cap, while the business is priced at only ~$300,000 — a ~32% cap on its own cash flow. In other words, a buyer acquires a hard real-estate floor plus a business at a fraction of the total. The 2020 acquisition price was $2,000,000, further supporting the real-estate value beneath the reduced ask.
2025 also carried a one-time drag: a **non-recurring equipment expense of $231,154** sits in the year. Normalized for that event, in-place cash flow steps up meaningfully — and 2025 revenue still grew **30.7%**. The site serves dense central-Antioch neighborhoods with strong drive-by traffic. 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 other car washes in Antioch and Galt, which can be purchased separately or together.
NO SELLER FINANCING
Lee & Associates is pleased to present the E 18th Street car wash in Antioch — offered **fee simple** at $1,800,000, reduced from $2,500,000. Unlike a leasehold deal, the price includes the land and building, so the buyer owns the real estate.
The going-in cap rate is **9.5%** on $171,230 of 2025 adjusted NOI, but the headline understates the asset. Roughly **$1.4M–$1.5M of the price is owned real estate** at a conservative ~5% cap, while the business is priced at only ~$300,000 — a ~32% cap on its own cash flow. In other words, a buyer acquires a hard real-estate floor plus a business at a fraction of the total. The 2020 acquisition price was $2,000,000, further supporting the real-estate value beneath the reduced ask.
2025 also carried a one-time drag: a **non-recurring equipment expense of $231,154** sits in the year. Normalized for that event, in-place cash flow steps up meaningfully — and 2025 revenue still grew **30.7%**. The site serves dense central-Antioch neighborhoods with strong drive-by traffic. 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 other car washes in Antioch and Galt, which can be purchased separately or together.
Property Facts
| Sale Type | Investment or Owner User | Lot Size | 0.19 AC |
| Property Type | Specialty | Building Size | 3,310 SF |
| Property Subtype | Car Wash | No. Stories | 1 |
| Building Class | B | Year Built | 1989 |
| Zoning | C-2, Antioch | ||
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 3,310 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Zoning | C-2, Antioch |
Property Taxes
| Parcel Number | 068-511-013-2 | Improvements Assessment | $752,619 CAD |
| Land Assessment | $1,867,509 CAD | Total Assessment | $2,620,128 CAD |
Property Taxes
Parcel Number
068-511-013-2
Land Assessment
$1,867,509 CAD
Improvements Assessment
$752,619 CAD
Total Assessment
$2,620,128 CAD
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