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RV Park

The Trails at Lavender Road - RV Park

13553 County Rd 35, Tyler, TX 75706

Listing Price: $2,750,000

Cap Rate
8.51%
Number of Spaces
84
Lot Size
25.00 acres
Occupancy
82.0%
Price/Space
$32,738
Spaces/Acre
3.36
Year Built
2017

Investment Overview

The Trails at Lavender Road - RV Park is located in Tyler, Texas. Tyler is conveniently located just south of I-20, a 1,500-mile interstate highway that runs from West Texas through Dallas-Fort Worth; Shreveport, Louisiana; Jackson, Mississippi; Birmingham, Alabama; Atlanta, Georgia; and ultimately to Columbia, South Carolina. Proximity to Interstate 20 has supported logistics and retailing in the area with businesses such as Brookshire Grocery Co. based out of Tyler, a Target distribution center, and a 2019-built Dollar General regional distribution center in Longview. Renowned economist, Dr. Ray Perryman, president and CEO of the Perryman Group presented his 38th annual Economic Forecast in Tyler in January 2022. “Tyler has done remarkably well,” Perryman told reporters ahead of his address. “Tyler got all the jobs back that it lost within 15 months. It took the state 19 months, and that’s really one of the fastest of any place in the country.” He said the diversity of Tyler’s industries helped the economy greatly compared to other areas, such as cities heavily dependent on tourism. Some of the highlights he noted are: • The rate of population and real gross product expansion in the Tyler Metropolitan Statistical Area are expected to exceed that of the nation • Employment is likely to increase at a 2.17% annual pace, leading to a gain of almost 12,400 jobs by 2026 • Real gross product is forecast to grow at a 3.65% annual pace, for a total gain of almost $20 billion over the next five years Health care leads the list of largest employers in Tyler and Longview, the county seats of adjacent Smith and Gregg counties. The area is home to three primary hospitals and a variety of specialty clinics. Over a quarter of the Tyler workforce is employed in the healthcare industry, with UT Tyler currently constructing a new College of Nursing complex and UT Health Science Center receiving funding and approval for a Graduate Medical Education and Resident Teaching facility. Three of The University of Texas at Tyler online programs are ranked in the top 100 according to the 2022 U.S. News and World Report Best Online Program rankings released January 2022. The 2022 national rankings are: • Master of Science in Nursing program 29th; 5th for veterans • MBA program 98th • Master of Education program 93rd The online Master of Science in Nursing is ranked the third best program in Texas and the second best in the UT System.

Investment Highlights

  • 84 Total Spaces Including 4 Cabins
  • 52 New RV Spaces Developed in Late 2021
  • Public Water and Private Sewer
  • Located Directly off I-20
  • Includes Washers, Dryers, Restrooms, Showers, and a Dog Park

Exclusively Listed By

RV Park

The Trails at Lavender Road - RV Park

Listing Price: $2,750,000

Cap Rate
8.51%
Number of Spaces
84
Lot Size
25.00 acres
Occupancy
82.0%
Price/Space
$32,738
Spaces/Acre
3.36
Year Built
2017

Investment Highlights

  • 84 Total Spaces Including 4 Cabins
  • 52 New RV Spaces Developed in Late 2021
  • Public Water and Private Sewer
  • Located Directly off I-20
  • Includes Washers, Dryers, Restrooms, Showers, and a Dog Park

Investment Overview

The Trails at Lavender Road - RV Park is located in Tyler, Texas. Tyler is conveniently located just south of I-20, a 1,500-mile interstate highway that runs from West Texas through Dallas-Fort Worth; Shreveport, Louisiana; Jackson, Mississippi; Birmingham, Alabama; Atlanta, Georgia; and ultimately to Columbia, South Carolina. Proximity to Interstate 20 has supported logistics and retailing in the area with businesses such as Brookshire Grocery Co. based out of Tyler, a Target distribution center, and a 2019-built Dollar General regional distribution center in Longview. Renowned economist, Dr. Ray Perryman, president and CEO of the Perryman Group presented his 38th annual Economic Forecast in Tyler in January 2022. “Tyler has done remarkably well,” Perryman told reporters ahead of his address. “Tyler got all the jobs back that it lost within 15 months. It took the state 19 months, and that’s really one of the fastest of any place in the country.” He said the diversity of Tyler’s industries helped the economy greatly compared to other areas, such as cities heavily dependent on tourism. Some of the highlights he noted are: • The rate of population and real gross product expansion in the Tyler Metropolitan Statistical Area are expected to exceed that of the nation • Employment is likely to increase at a 2.17% annual pace, leading to a gain of almost 12,400 jobs by 2026 • Real gross product is forecast to grow at a 3.65% annual pace, for a total gain of almost $20 billion over the next five years Health care leads the list of largest employers in Tyler and Longview, the county seats of adjacent Smith and Gregg counties. The area is home to three primary hospitals and a variety of specialty clinics. Over a quarter of the Tyler workforce is employed in the healthcare industry, with UT Tyler currently constructing a new College of Nursing complex and UT Health Science Center receiving funding and approval for a Graduate Medical Education and Resident Teaching facility. Three of The University of Texas at Tyler online programs are ranked in the top 100 according to the 2022 U.S. News and World Report Best Online Program rankings released January 2022. The 2022 national rankings are: • Master of Science in Nursing program 29th; 5th for veterans • MBA program 98th • Master of Education program 93rd The online Master of Science in Nursing is ranked the third best program in Texas and the second best in the UT System.

Exclusively Listed By

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