Madison Capital Group launches $200m car wash and c-store fund
Published on: Mar 19, 2026
The firm says it will focus on assets in U.S. states without income tax and regions demonstrating sustained population growth.
Madison Capital Group has launched a new fund targeting convenience stores and express car wash assets in fast‑growing US markets. The Car Wash & Convenience Opportunity Fund aims to raise $200 million from accredited investors, the company announced on Tuesday.
The firm says it will focus on assets in states without income tax and regions demonstrating sustained population growth. According to chief executive Ryan Hanks, such businesses offer “consistent consumer demand” and “multiple revenue streams”, while potentially delivering tax‑efficient returns.
A central element of the strategy is the use of accelerated “Schedule F” bonus depreciation. Under rules made permanent by the One Big Beautiful Bill Act, qualifying assets (including fuel pumps, car wash tunnels, conveyors, blowers, vacuum systems and certain land improvements) can be fully depreciated in the year of purchase. The firm argues that this may reduce taxable income and improve short‑term cash flow for investors.
Madison Capital Group, which operates across several real‑estate sectors, describes itself as a vertically integrated developer and investment manager.
