Antioch Car Wash Portfolio | 12.2% Cap Rate
Retail | 12.17% CAP | 9,200 SqFt
Marketing description
Lee & Associates is pleased to exclusively present the Antioch Car Wash Portfolio - a two-location, multi-tenant car wash investment in Antioch, California, offered at $4,250,000 (12.2% cap on $517,279 adjusted NOI).
The portfolio pairs the Delta Fair Blvd location - an express and full-service wash on a long-term ground lease with 33 years remaining through 2058 and a tenant Right of First Refusal - with the E 18th St location, a fee-simple site owned outright (real estate and business).
Both locations were recently modernized with new conveyors and express kiosks; Delta Fair posted a +57% adjusted NOI gain in 2025 while E 18th grew revenue +30.7%. Combined 2025 revenue is $1,599,050 (GRM 2.66x). A blended SBA 504/7(a) structure returns 30.8% cash-on-cash at 15% down, with the E 18th fee-simple parcel ($2.2M) anchoring the 504 collateral.
Information herein was furnished by sources deemed reliable but has not been independently verified. Offered subject to a confidentiality agreement.
Investment highlights
Stabilized 12.2% cap on $517,279 adjusted NOI from two established car wash operations
Delta Fair: long-term ground lease, 33 years remaining through 2058 with tenant ROFR
E 18th: fee-simple real estate + business; revenue up 30.7% in 2025
$827,000+ in recent capital improvements (conveyors + express kiosks, 2023-2025)
Favorable SBA financing: blended 504/7(a) returns 30.8% cash-on-cash at 15% down
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