Contact Information

RV Park/Campground Details

  • Price: $1,200,000
  • Purchase Method: Cash
  • Property ID: 1251906
  • Posted On: May 5, 2020
  • Updated On: May 5, 2020

Property Description

Country Village RV Park is a 2013 built park located in Kenedy, Texas – approximately 67 miles southeast of the San Antonio International Airport. The asset is comprised of 71 lot rentals and two park-owned RVs for a total of 73 sites on 4.04 acres. The park operates on city water and sewer which is master metered
throughout. All utilities are paid by the ownership. Park amenities include restrooms with two men’s showers and two women’s showers, laundry facilities, and free Wi-Fi. The roads and RV pads are concrete.

Kenedy, Texas, offers a bevy of things to do, from attending special events, to getting involved in the arts and learning about local history; to dining at independent restaurants and staying active at local parks. Located one mile from Country Village RV Park, Joe Gully Park is a go-to spot where residents can enjoy a huge area
surrounded by lush green trees with barbecue pits, a soccer field, basketball court, a dedicated walking track, and a vast playground area. The park is also home to a World War II veterans memorial which gives it significant historical importance.

According to Sperling’s BestPlaces.net, the opportunity for jobs in Kenedy continues to rise and is up 3.3 percent from 2018. Current unemployment is at 3 percent which is below the national average of 3.6 percent. Major employers in the area include Walmart, Clariant, and Amec Foster Wheeler.

Country Village RV Park is being offered at a day one cap rate of 13.45 percent and a pro forma cap rate of 18.74 percent. There is upside potential in increasing below-market rents that have never been raised by current ownership. Management would also be open to staying onboard for future ownership.

Amenities

  • Laundromat
  • Bathhouse
  • Wifi
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Park Information

Number of RV Lots: 73
Year Built: 2012
Size: 4.0 acre(s)

Utility Information

Water: City
Sewer: City

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