Multi-Tenant Car Wash
For Sale
Contact for pricing
300 East 18th Street, Antioch, CA 94509
Two recently modernized car wash locations, including a long-term leased site and an owner-occupied fee-simple property.
Property Size9,200 SF
Price / SF$195.65
Days on Market180
Property Features for 300 East 18th Street
General Information
Standard status
Active
Size
9,200 SF
Property subtype
Retail, Special Purpose, Business for Sale
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$171,230
Financials
Cap Rate
12.2%
Business Included
Yes
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Lee & Associates - Walnut Creek
Listed By:
Tyler Clark · License #CA 01900784
(925) 239-1412
Source:
Crexi
Added: Mar 12
Changed: Aug 22
Last Checked: Aug 29 at 10:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Walnut Creek
Investment Insights
Based on property information with market context.
Lee & Associates is pleased to present the Antioch Car Wash Portfolio, a two-location, multi-tenant car wash investment in Antioch, California. The portfolio includes an express and full-service wash at the Delta Fair Blvd location, operated on a long-term ground lease with 33 years remaining through 2058, along with a tenant Right of First Refusal. The second location is the E 18th St site, offered as a fee-simple parcel and includes the real estate and business.
Both locations were recently modernized with new conveyors and express kiosks, supporting updated operations across the portfolio. The offering is presented for sale subject to a confidentiality agreement.
Both locations were recently modernized with new conveyors and express kiosks, supporting updated operations across the portfolio. The offering is presented for sale subject to a confidentiality agreement.
Key Highlights
- Two‑location car wash portfolio in Antioch, CA with combined 2025 revenue of $1,599,050 and a 2.66x GRM
- Delta Fair Blvd site on a long‑term ground lease with 33 years remaining through 2058 and tenant Right of First Refusal
- E 18th St location is a fee‑simple site owned outright (real estate and business)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$162,102
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,242,040
$3.2M
Cap Rate 7%
$2,315,743
$2.3M
Cap Rate 9%
$1,801,133
$1.8M
Market Conditions
NOI Build-Up for 9,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$226.3K $24.60/SF
− Vacancy
−$10.2K −$1.11/SF
EGI
$216.1K $23.49/SF
− OpEx
−$54.0K −$5.87/SF
NOI
$162.1K $17.62/SF
Area
Antioch, CA
Vacancy
4.50%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,242,040
Cap Rate 7%
$2,315,743
Cap Rate 9%
$1,801,133
Alternative Uses
Best Use
Specialty Retail
$2.32M
$2.03M – $2.70M
NOI $162,102 @ 7.0% cap · market cap 9.01%
Second Best
Retail
$1.94M
$1.70M – $2.26M
NOI $135,820 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,077 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
108k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 43%
Home Improvements & Furnishings 10%
Jack in the Box
Dining
19,477 visits/mo
0.4 miles
Wendy's
Dining
15,093 visits/mo
0.3 miles
Wells Fargo
Shops & Services
14,428 visits/mo
0.3 miles
Antioch Ace Hardware
Home Improvements & Furnishings
11,244 visits/mo
0.4 miles
Taco Bell
Dining
8,895 visits/mo
0.4 miles
Demographics for 94509, CA
69,931
Population
24,048
Households
2.9
Avg Household Size
36
Median Age
19%
College-Educated
82%
High-School Grad
17.4 sq mi
ZIP Area
4,019
Density / Sq Mi
$81,512
Median Household Income
$42,401
Median Earnings
$2,052
Median Rent
$565,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Two recently modernized car wash locations, including a long-term leased site and an owner-occupied fee-simple property.
Where is this car wash located?
The property is located at 300 East 18th Street Antioch, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two‑location car wash portfolio in Antioch, CA with combined 2025 revenue of $1,599,050 and a 2.66x GRM; Delta Fair Blvd site on a long‑term ground lease with 33 years remaining through 2058 and tenant Right of First Refusal; E 18th St location is a fee‑simple site owned outright (real estate and business)
