Multi-Tenant Car Wash
300 East 18th Street Antioch, CA 94509
For Sale
Contact for pricing
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$461.96
Days on Market134
Property Features for 300 East 18th Street
General Information
- Standard status
- Active
- Size
- 9,200 SF
- Property subtype
- Retail, Special Purpose, Business for Sale
Listing Agency:
Lee & Associates - Walnut Creek
(650) 787-1535
Listed By:
Tyler Clark · License #CA 01900784
Source:
Crexi
Added: Mar 12
Changed: Jul 23
Last Checked: Jul 23 at 5:08PM
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $226.3k | $24.60 |
| − Vacancy | −$10.2k | −$1.11 |
| EGI | $216.1k | $23.49 |
| − OpEx | −$54.0k | −$5.87 |
| NOI | $162.1k | $17.62 |
9,200 SF · lease $24.60/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.32M
$2.03M – $2.70M
NOI $162,102 @ 7.0% cap · market cap 3.81%
Second Best
Retail
$1.94M
$1.70M – $2.26M
NOI $135,820 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,077 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
PInky's Car Wash
Car Wash
FAQs
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 $4,250,000.
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)
