604 FAIRWAY DR, GALT, CA 95632-2013

Lee & Associates is pleased to exclusively present Triple Crown Car Wash, a clean, updated fee-simple express tunnel (with towel-dry) at 604 Fairway Dr in Galt, California, offered at $2,500,000.

The offering is anchored to 2024 adjusted NOI of $282,643 - an 11.3% cap rate at the asking price. The softer 2025 result (adjusted NOI $227,413; 9.1% cap) is a floor driven by owner disengagement, passive operations, and minimal marketing - not a physical or structural deficiency. The asset itself is clean and recently updated.

VALUE-ADD UPSIDE: Under active management - a recurring membership program, extended hours, and targeted marketing - and supported by roughly 5,000 homes in the local residential pipeline, Year-2 revenue is targeted at $750,000-$850,000 with adjusted NOI of $300,000-$380,000, implying a 12.0%-15.2% proforma cap. Comparable well-run California express tunnels generate $750,000-$1,200,000 annually.

Galt is effectively a two-operator tunnel market (Gilly's Car Wash is the only direct competitor) with strong demographics: population +30% since 2000, $86,327 median household income, and 77% homeownership. A blended SBA 504/7(a) structure is the realistic financing case, with the Galt real estate (~$1.7M) anchoring the 504 collateral.

Proforma figures are estimates and not a guarantee of future performance. Information herein was furnished by sources deemed reliable but has not been independently verified. Offered subject to a confidentiality agreement.