Antioch Car Wash Portfolio 2 biens • Spécialité • À vendre 5 880 088 $ CAD • Antioch, CA

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.