Investment Overview

Marcus & Millichap is pleased to present a city-approved express carwash development opportunity at 430 West 11th Street in Tracy, California. The ±0.85-acre site is approved for a 110-foot express wash tunnel with 15 covered vacuum stations, 500 square feet of office space, and 500 square feet of employee facilities, providing a streamlined path toward construction and operation. The 3-year pro forma projects $1.2 million to $1.5 million or more in Year 3 revenue and $650,000 to $850,000 or more in Year 3 NOI, with a membership model scaling to approximately 1,100 active members at stabilization. The property is positioned along West 11th Street (±24,942 VPD) near Tracy Boulevard (±20,406 VPD), surrounded by national retailers including Safeway, CVS, Grocery Outlet, Chase, PNC, and Food Maxx. The 3-mile trade area holds 93,443 residents with an average household income of $155,566, and the City of Tracy supports a population of 101,565 with an average household income of $161,682. Tracy is strategically located between the San Francisco Bay Area and the Central Valley, with direct access to Interstates 205, 580, and 5, and benefits from major distribution center employers including Best Buy, Costco, and Safeway. Sutter Tracy Community Hospital and four area high schools with a combined enrollment exceeding 7,600 students anchor the surrounding trade area.