Update on our Express Tunnel Car Wash Opportunities
We are going to close off the "Soft Commit" landing page in the next 36 hours. Those on the soft commit list will have the first opportunity to partner with us (provided they are approved as an Accredited Investor under Reg D).
John Monteiro, BS Economics, MBA and I anticipate opening up this 506(c) syndication in the next couple of weeks. As are all of our opportunities, they are on a "first come, first serve" basis. We will compile a wait list for those not able to get in on this 3-pack opportunity. The link to the SOFT COMMIT is https://lnkd.in/gMpiVK7P. Those that fill out the "Soft Commit" list, will get a preview of our PowerPoint and the opportunity to secure ownership prior to the presentation.
Why is reVISION Masters so bullish on Express Tunnel carwashes?
- Diversification of real estate portfolio for Accredited Investors spread over 3 locations in 3 different markets.
- Located in the Texas Triangle (hottest geographical market for growth in the country).
- No entitlement risks for the construction of a car wash (fully entitled and permit ready at close).
- Very experienced operator/partner that has built, operated and sold 66 car washes in the last 12 years.
- Certainty of close and construction by structuring these 3 locations as sale/lease-back transactions with a multi-billion dollar publicly traded REIT.
- Construction Phase is only 9-12 months from date land is purchased.
- Stabilization is estimated to be in the third quarter of operations.
- Cashflow! Positive net cashflow within 12 months of operations (subject to market conditions).
- We anticipate 20-30% annualized returns over a 6-Yr Hold (includes a sale at the end of Yr 6)
- Availability of Accelerated Bonus Depreciation - 2024 (at 60%). Because this is on equipment, the $ amount accelerated to Yr1 is a very high % of cost (i.e., significant bonus depreciation for those that can utilize it)
Below, we have provided a snap of one of our Express Tunnel Car Washes that just opened up 3 weeks ago. Huge ramp up on the 1st 3 weeks.
