For Sale 3717 E. Thousand Oaks Blvd., Westlake Village, CA 91362 www.1Horizon.com Randy Hendrickson Office: 805-253-1562 • Cell: 805-551-0486 Fax: 805-253-1585 [email protected]Prospering in the industry of outdoor hospitality. 50 Squirrel run, San MarCOS, TX 78666 • investment Offering • $5,300,000 Pecan Park Riverside RV Park Texas Camp & RV Resort • 152 total sites • Over 24 acres • Centrally located between Austin and San Antonio Exceptional Texas Hill Country Location on the River!
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For Sale
3717 E. Thousand Oaks Blvd., Westlake Village, CA 91362 www.1Horizon.com
Randy Hendrickson Office: 805-253-1562 • Cell: 805-551-0486 Fax: [email protected]
Prospering in the industry of outdoor hospitality.
Year 1 Proforma Gross Revenue: $1,215,606 Total Expenses: $554,397 Net Operating Income: $661,209 Cap Rate at Asking: 12.48%
T-12 Adjusted Gross Revenue: $944,226 Total Expenses: $519,250 Net Operating Income: $424,975 Cap Rate at Asking: 8.02%
Site Count Details• 152 Full Hookup RV Sites• Year 1 Proforma includes adding 10
Park Model units
The Opportunity:We are pleased to present Pecan Park Riverside RV Park in San Marcos, TX, situated along the banks of the San Marcos River. With ~633 feet of river frontage as part of the ~24 acre parcel, here you’ll find 152 sites, all with 20/30/50 Amp power. Each of the sites’ electrical services are ‘home run’ and not ‘looped,’ and as such they are dedicated services. Further, all sites benefit from an exceptionally robust, ‘military grade’ WiFi system with 350 Mbps bandwidth; certainly among the fastest speeds we have ever seen. Nestled among 100 year-old Pecan trees, this property also offers Propane onsite, Children’s Playscape, Pet Parks, Hillside Theatre, Kiddie Pool, an indoor-pool with large roll up doors for the summer season (and is heated during the winter), as well as a Hot tub, Basketball, 8 brand new Laundry machines, a Convenience store and Nature trails. Pecan Park was also cited by ‘Country Living’ as one of 11 Must-Visit RV-Friendly Campgrounds Across America (http://bit.ly/1hIyHaH).
Historical revenue growth for this property has been quite impressive, evidenced by a year-over-year growth in revenue of 34% through Memorial day of this year. With the San Marcos corridor of I-35 enjoying over 100,000 vehicles per day, Pecan Park is in a prime location for vacation leisure travelers and Winter Texans alike to stay in a quiet and peaceful environment, and yet close to all the San Marcos area has to offer.
Additional Considerations for Revenue Growth:The Seller has recently added 32 new full hook up sites, each with double sewer risers to accommodate any size RV or 5th Wheel. The new sites have only recently come online and have not been promoted sufficiently. An aggressive marketing campaign to elevate awareness of the property will result in significant upside.
In addition, the park can easily support 20 new Park Model cabins. The former 6 cabins, lost in the historic Memorial Day flood, were in constant demand; if the Seller retains the property they plan to bring in 20 new Park Model rental units. We believe this represents a significant upside opportunity to tap into this ever-growing rental accommodation type, and the property can easily support these.
Yet another opportunity exists in opening up some or all of the ~4 acres at the river front for Tent Camping and Day Use. The current owner has not elected to pursue this, but in our opinion this represents still more significant upside in revenue growth.
Location: Within an hour’s drive to both Austin and San Antonio, centrally located in scenic Texas Hill Country on the spring-fed San Marcos River.
Financial Summary
Property Information
50 Squirrel runSAn MArCOS, TX 78666
For Sale
3717 E. Thousand Oaks Blvd., Westlake Village, CA 91362 www.1Horizon.com
Randy Hendrickson Office: 805-253-1562 • Cell: 805-551-0486 Fax: [email protected]
Prospering in the industry of outdoor hospitality.
