Contact Information

RV Park/Campground Details

  • Price: $6,000,000
  • Purchase Method: Cash
  • Property ID: 1340838
  • Posted On: Oct 15, 2020
  • Updated On: Oct 15, 2020

Property Description

Terrell RV Park is a 105 site RV park located in Terrell, Texas, approximately 35 minutes outside of Dallas, Texas directly on Interstate 20. The park sits on 17.74 acres and its amenities include onsite laundry, WiFi, showers and restrooms. The park operates on co-op water and septic sewer system, and currently pays all the utilities costs. The current management lives onsite and is open to staying on board for the future ownership.

Ownership has recently been informed that they have been approved to develop an additional 65 sites, taking the total site count to 170. They have also been informed that city water and sewer will be available for the park in the next 12 months approximately.

Some of the retailers, restaurants, and hotels recently developed within 2 miles of the park include Buc-ee’s (can see the sign from the park office window), Academy Sports and Outdoors, Marshalls, Hobby Lobby, Film Alley Terrell, Discount Tire, Petco, Freddy’s Frozen Custard and Steakburgers, Panda Express, Whataburger, Taco Bueno, Raising Cane’s, Chick-fil-A, Starbucks, Taco Cabana, Olive Garden, Chili’s, Fairfield Inn & Suites by Marriot Terrell, and Tru by Hilton Terrell.

The City of Terrell offers many local attractions including the British Flight Training School Museum, Ham Orchards, the Heritage Museum, and access to many local lakes nearby for fishing, boating and water sports. According to worldpopulationreview.com, the population in Terrell has increased by 21.07 percent since 2010. Terrell has also experienced a 3.2 percent increase in job growth in the last year and there is expected to be almost a 50 percent increase in job growth within the next ten years according to bestplaces.net. The major employers in Terrell include Terrell Independent School District, Baylor Scott & White Family Medical Center, Terrell State Hospital, and many industrial and manufacturing companies in the area. These major employers employ thousands of residents in the area each year which creates a need for long-term and short-term housing in the area for residents. Terrell Independent School District recently received two Academic Achievement Distinctions from the Texas Education
Agency.

The asset is less than 5 minutes away from the major highways of US Highway 80 and Interstate 20. The park is also less than an hour away from Dallas/Fort Worth International Airport.

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Park Information

Number of RV Lots: 105
Year Built: 2003
Average RV Lot Rent: $500
Size: 17.7 acre(s)

Financial Information (Actual)

Gross Income $630,000
Operating Expense $328,922
Net Operating Income $218,877
Expense Ratio 52.2 %
Debt Info

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