MCG Links Car Wash I, DST
Car wash (single-tenant express exterior conveyor, net lease) property in Burleson, TX — sponsored by Madison Capital Group
Files with the SEC as MCG Links Car Wash Portfolio I, DST
Minimum investment
$100k
Offering size
$16.1M
How much has sold
None sold yet
Asset type
Car wash (single-tenant express exterior conveyor, net lease) property
Location
Burleson, TX
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
MCG Links Car Wash Portfolio I, DST is a Delaware business trust organized in 2025 — a DST gives fractional, passive ownership that can serve as 1031 replacement property.1 It holds one express exterior conveyor car wash in Burleson, Texas, in the Fort Worth MSA.2 Links Car Wash, an operator affiliated with sponsor Madison Capital Group, runs the site.2 The Trust is raising.
Min $100k (Form D 506c); built 2021, renovated 2025; operator Links Car Wash (Madison Capital Group affiliate)
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These links support the public record as a whole; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Tarrant Appraisal District records the Trust as owner of account 40163490 under a deed dated August 22, 2025 — weeks before the Form D reached the SEC.3 Madison Capital Group's offering material describes an express exterior conveyor tunnel — drivers stay in the vehicle as it is pulled through — originally built in 2021 and fully renovated in 2025.2 The district's 2026 appraised value for the account is $1,844,216.3
- Property address
- 820 NE Alsbury Blvd, Burleson, TX
- Property size
- 4,098 SF bldg / 1.28 ac
Who is the tenant, and what's the lease?
Links Car Wash, an operator affiliated with the sponsor, runs the site, and Top1031 records the asset as single-tenant net leased — a structure that generally shifts taxes, insurance and maintenance to the tenant.2 No reviewed public source names the legal tenant entity, the rent or the lease term; those sit in the PPM, the offering's full disclosure document.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
Raise history appears here once sales are filed — free account required.
How is it financed, and what does it pay?
Madison Capital Group's offering material describes the property as owned free of mortgage debt.2 In an all-cash structure, no loan matures during the hold and no lender consent stands between the Trust and a sale — and an exchanger buying in replaces none of the debt carried on a relinquished property. No SEC filing settles the point.
Who's behind it?
Madison Capital Group describes itself as a vertically integrated real estate development and investment firm, and here it sponsors the Trust while its affiliate, Links Car Wash, operates the property.2 Landlord and operator trace to one organization. On June 29, 2026 the sponsor placed its Car Wash & Convenience Opportunity Fund on the iCapital marketplace, and on July 31, 2026 Links parent Back Nine Equity agreed to acquire Woodie's Wash Shack, described in trade press as creating a 50-location express wash platform.
- Sponsor
- Madison Capital Group
- Legal Trust name
- MCG Links Car Wash Portfolio I, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 6 active / 12 total offerings from Madison Capital Group
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
Nothing has been filed to update the original new-notice Form D, so the SEC record still reads as it did at submission.1 A Form D is a notice filing, not an SEC approval. Because the Offering may be generally advertised, the sponsor must take reasonable steps to verify each buyer's accredited status rather than accept a self-certification checkbox.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
Is MCG Links Car Wash I, DST still raising money?
Top1031 lists MCG Links Car Wash I, DST as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for MCG Links Car Wash I, DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
What kind of property does this Trust own?
A single express exterior conveyor car wash at 820 NE Alsbury Blvd in Burleson, Texas, which Madison Capital Group's offering material places in the Fort Worth MSA. That material describes roughly 4,098 square feet of building on about 1.28 acres, originally constructed in 2021 and fully renovated in 2025, operating under the Links Car Wash brand. Tarrant Appraisal District lists MCG Links Car Wash Portfolio I DST as owner of account 40163490, with a deed date of August 22, 2025 under instrument D225156412, and shows a 2026 total appraised value of $1,844,216 for the account. No reviewed public record states the seller or the acquisition price.
Who is the tenant, and what does the lease say?
Links Car Wash — an operator affiliated with the sponsor, Madison Capital Group — runs the site, and Top1031 records the asset as single-tenant net leased, meaning property-level costs such as taxes, insurance and maintenance generally sit with the tenant. No reviewed public source names the legal tenant entity or states rent, lease term, escalations, renewal rights, guaranties or default remedies. Because landlord and operator trace to one organization, those terms are a specific item to read in the Private Placement Memorandum, the offering's full disclosure document.
Does the Trust use mortgage debt?
Madison Capital Group's offering material describes an all-cash structure with no mortgage on the property and states a loan-to-value of 0.00%. Top1031's own record lists leverage as unknown, because no SEC filing settles the question. If the all-cash structure holds, a 1031 exchanger buying in takes on no replacement-property debt, which matters when debt on a relinquished property must otherwise be replaced to complete an exchange.
Why do two different offering-size figures appear for this Trust?
The Form D filed October 3, 2025 states a total offering amount, shown in the sales panel on this page, while Madison Capital Group's undated offering material reviewed as of September 1, 2026 states total equity of $9,428,445. The two figures come from different documents, and no reviewed public record reconciles them. The PPM's capitalization and sources-and-uses tables are where a buyer confirms how the raise is composed.
Is the Burleson property being marketed for sale?
A LoopNet listing dated August 2026 presents 820 NE Alsbury Blvd as offered for sale and names Madison Capital Group in the listing. That is a secondary commercial listing, not proof of a completed transaction or a change of ownership, and Tarrant Appraisal District still shows MCG Links Car Wash Portfolio I DST as the record owner. Separately, the sponsor's offering material states an anticipated sale of the property within ten years, which is a stated strategy rather than a commitment. Nothing in the SEC file addresses a sale.
How much do I need to invest, and who can invest?
The Form D filed October 3, 2025 reports a $100,000 minimum investment from any outside investor; the sponsor's offering material states $100,000 for 1031-exchange investors and $25,000 for cash investors. Participation is limited to accredited investors — those meeting the SEC's income or net-worth tests — and because the Offering is made under Rule 506(c), which permits public advertising, the sponsor must take reasonable steps to verify accredited status rather than accept a self-certification checkbox.
Chapter 9News | Links Car Wash | Elevating your car wash experienceLinks Car Wash newsroom lists updates including a new Anderson, SC location opening, but no DST-specific fully-subscribed or closing announcement was found in the window. Links Car Wash to open in Porter | New CaneyLinks Car Wash announced plans to open a new Porter, TX location at 21926 FM 1314, but the article predates the 2026-07-30 to 2026-08-03 window. Links Car Wash Expands Texas Presence with 12 New SitesProperty-level acquisition announcement covering Links Car Wash's completed acquisition of twelve new express car wash locations across Texas at the end of 2025. Links Car Wash Expands with Two New Acquisitions in Florida and TexasProperty-level acquisition announcement naming the Burleson, Texas site (formerly Waters Express Car Wash) as part of Links Car Wash's Florida and Texas expansion.