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604 Fairway Dr - TRIPLE CROWN CAR WASH 3,760 SF Specialty Building Offered at $1,800,000 in Galt, CA 95632
Investment Highlights
- Value-add upside: active management targets $750K-$850K Year-2 revenue and a 12.0%-15.2% proforma cap
- Strong demographics: Galt population +30% since 2000, $86,327 median income, 77% homeownership
- Clean fee-simple express tunnel (real estate + business), acquired 2022; SBA 504/7(a) financing available
- Anchored to 2024 adjusted NOI of $282,643 (11.3% cap); soft 2025 reflects passive ownership, not a deficiency
- Two-operator tunnel market - Gilly's is the only direct competitor; ~5,000 homes in the residential pipeline
Executive Summary
Lee & Associates is pleased to present Triple Crown Car Wash — a clean, **fee-simple express tunnel** in Galt, offered at $1,800,000, reduced from $2,500,000. The price includes the real estate and the business, on 0.71 acres with a 4,100 SF improvement.
At the reduced price the asset is a **12.6% cap** on $227,413 of 2025 adjusted NOI — presented here as a conservative floor. That 2025 figure reflects passive ownership and minimal marketing, not condition: revenue of $484,112 is roughly **half the $750K–$1.2M benchmark** for California express tunnels. The gap is operational, and it is the opportunity. Galt is one of only **two express-tunnel operators** in the entire city, and with roughly **2,900 homes approved or under construction** and a General Plan supporting 50,000+ residents (nearly double today's ~27,000), an active operator has a credible path to **$300,000–$380,000 of NOI within two years** — a 16.7%–21.1% cap on the buyer's basis.
The ~$1.4M real-estate value is a hard-asset floor beneath the investment, supported by the 2022 acquisition price. The fee-simple parcel is **SBA 504/7(a) eligible**. The seller is motivated and focused on a qualified buyer able to close cleanly. A full offering memorandum is available on request. *This location is also available alongside two Antioch car washes, which can be purchased separately or together.
At the reduced price the asset is a **12.6% cap** on $227,413 of 2025 adjusted NOI — presented here as a conservative floor. That 2025 figure reflects passive ownership and minimal marketing, not condition: revenue of $484,112 is roughly **half the $750K–$1.2M benchmark** for California express tunnels. The gap is operational, and it is the opportunity. Galt is one of only **two express-tunnel operators** in the entire city, and with roughly **2,900 homes approved or under construction** and a General Plan supporting 50,000+ residents (nearly double today's ~27,000), an active operator has a credible path to **$300,000–$380,000 of NOI within two years** — a 16.7%–21.1% cap on the buyer's basis.
The ~$1.4M real-estate value is a hard-asset floor beneath the investment, supported by the 2022 acquisition price. The fee-simple parcel is **SBA 504/7(a) eligible**. The seller is motivated and focused on a qualified buyer able to close cleanly. A full offering memorandum is available on request. *This location is also available alongside two Antioch car washes, which can be purchased separately or together.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,800,000 | Lot Size | 0.71 AC |
| Price Per SF | $478.72 | Building Size | 3,760 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2000/2006 |
| Property Subtype | Car Wash | Parking Ratio | 4.79/1,000 SF |
| Building Class | B | ||
| Zoning | HC - Highway Commercial | ||
| Price | $1,800,000 |
| Price Per SF | $478.72 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.71 AC |
| Building Size | 3,760 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2000/2006 |
| Parking Ratio | 4.79/1,000 SF |
| Zoning | HC - Highway Commercial |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 150-0391-037 | Improvements Assessment | $936,360 |
| Land Assessment | $520,200 | Total Assessment | $1,456,560 |
Property Taxes
Parcel Number
150-0391-037
Land Assessment
$520,200
Improvements Assessment
$936,360
Total Assessment
$1,456,560
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