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RV Park

Bedrock RV Park

2102 FM 2906, Longview, TX 75603

Listing Price: $2,350,000

Cap Rate
9.10%
Number of Spaces
58
Lot Size
13.50 acres
Occupancy
78.0%
Price/Space
$40,517
Spaces/Acre
4.30
Year Built
2000

Investment Overview

Bedrock RV Park is a 58-site RV community located in Longview, Texas, about 45 minutes from the Texas/Louisiana border. The community includes 31 park owned RV rentals, 26 RV lot rentals and one tiny home. It operates on a co-op water system and a septic leach field and has gravel roads throughout the community on just over 13 acres. The community offers Wi-Fi, laundry facilities, and an office with outsourced vending machines. All the utilities are currently paid for by the community. Longview, Texas is located between the major cities of Dallas, Texas and Shreveport, Louisiana. It offers both its residents and visitors attractions that include both science and art museums, diverse restaurants and shopping. The major industries in the area include Eastman Chemical Co., Trinity Rail LLC, LeTourneau University, Christus Good Shepherd Medical Center, AAON Coal Products, and Sysco Distribution. Gap will be opening a Distribution Center August 2022 and is looking to fill many of their open positions with local wokers. With many industries located nearby, there is a need for both long and short-term housing. Bedrock RV Park is located less than 15 minutes from the major highway Interstate 20 and is 20 minutes from US Highway 80. The community is less than 15 minutes from LeTourneau University and the East Texas Regional Airport. Walmart Supercenter is 10 minutes away. The current onsite management is open to staying for the future ownership. The property is being offered at a day one capitalization rate of 9.10 percent and a pro forma capitalization rate of 9.99 percent.

Investment Highlights

  • 58-Site RV Community
  • Located Between Dallas and Shreveport
  • 9.10% Day One Cap Rate
  • Onsite Management Open to Staying Onboard for Future Ownership

Exclusively Listed By

RV Park

Bedrock RV Park

Listing Price: $2,350,000

Cap Rate
9.10%
Number of Spaces
58
Lot Size
13.50 acres
Occupancy
78.0%
Price/Space
$40,517
Spaces/Acre
4.30
Year Built
2000

Investment Highlights

  • 58-Site RV Community
  • Located Between Dallas and Shreveport
  • 9.10% Day One Cap Rate
  • Onsite Management Open to Staying Onboard for Future Ownership

Investment Overview

Bedrock RV Park is a 58-site RV community located in Longview, Texas, about 45 minutes from the Texas/Louisiana border. The community includes 31 park owned RV rentals, 26 RV lot rentals and one tiny home. It operates on a co-op water system and a septic leach field and has gravel roads throughout the community on just over 13 acres. The community offers Wi-Fi, laundry facilities, and an office with outsourced vending machines. All the utilities are currently paid for by the community. Longview, Texas is located between the major cities of Dallas, Texas and Shreveport, Louisiana. It offers both its residents and visitors attractions that include both science and art museums, diverse restaurants and shopping. The major industries in the area include Eastman Chemical Co., Trinity Rail LLC, LeTourneau University, Christus Good Shepherd Medical Center, AAON Coal Products, and Sysco Distribution. Gap will be opening a Distribution Center August 2022 and is looking to fill many of their open positions with local wokers. With many industries located nearby, there is a need for both long and short-term housing. Bedrock RV Park is located less than 15 minutes from the major highway Interstate 20 and is 20 minutes from US Highway 80. The community is less than 15 minutes from LeTourneau University and the East Texas Regional Airport. Walmart Supercenter is 10 minutes away. The current onsite management is open to staying for the future ownership. The property is being offered at a day one capitalization rate of 9.10 percent and a pro forma capitalization rate of 9.99 percent.

Exclusively Listed By

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