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RV Park

Pecan Acres RV Park

12667 Farm to Market Rd 730 S, Azle, TX 76020

Listing Price: $4,100,000

Cap Rate
8.02%
Number of Spaces
84
Lot Size
8.79 acres
Occupancy
88.0%
Price/Space
$48,810
Spaces/Acre
9.56
Year Built
2000

Investment Overview

Azle sits on the Tarrant/Parker County line along State Highway 199, sixteen miles northwest of downtown Fort Worth. Azle is notable because it is culturally and geographically removed enough from the metroplex (total population of 6.5 million) to maintain its small town feel while steadily growing in population and commerce in rapid spurts. Highway 199 joins Azle to the regional interstate system and provides connectivity for the metropolitan’s residents. Many people living in the area work, attend school and enjoy activities both in Azle and in the Metroplex. In fact, many newcomers are drawn to the cities affordable housing, land, and easy access to Fort Worth’s amenities. The Dallas Business Journal ranked Azle as #16 in North Texas Fastest-Growing Cities in a November 2020 publication. The publication ranked cities with a population of 10,000 or more by Population Growth Rate from 2015-2019. The Dallas Business Journal recently published its annual list of the top economic development agencies in North Texas, as ranked by the value of their deals during 2021. The City of Fort Worth ranked second, behind the Sherman Economic Development Corp. and placing above others in the Metroplex, including the City of Mesquite, the City of Dallas, McKinney Economic Development Corp. and Irving Economic Development Partnership. The value of deals in Fort Worth during 2021 reached $569 million. This value not only captured several corporate relocations or major expansions to the area, but also included two major developments that represent significant investment in the area – the Crescent Hotel and the Hoque Global development. Fort Worth’s top qualifying projects for 2021 • September 2021: Crescent Real Estate breaks ground on $250 Million Luxury Development with a 200-room luxury hotel, restaurant, rooftop lounge, offices, and 170 residential units. Construction is scheduled to be complete in mid-2023. • April 2022: MP Materials begins construction on a 200,000 square-foot greenfield metal, alloy, and neodymium-iron-boron magnet manufacturing facility. The facility will create approximately 150 skilled jobs and approximately 1,300 indirect jobs and plans to begin production at the Fort Worth facility in late 2023. • December 2021: RSI SmartCap, a provider of stainless-steel truck cap systems, signs lease in Carter Distribution Center in Fort Worth to begin buildout of $4.2 million facility. • June 2022: Hoque Global Properties unveils their plans for a $65 million ‘Innovation Alley’ Mixed-Use Downtown Development. The property operates on city water with 17+/- sites that run on well water but can switch over to city water with the switch of a valve. The sewer is leech field and aerobic, that are pumped twice a year.

Investment Highlights

  • Operates on City Water
  • Approximately 500 Feet of Frontage on FM 730 Which Sees Over 12,000 Vehicles Each Day
  • 18 Minutes from Fort Worth
  • 3 Miles (8 Minutes) from Eagle Mountain Lake
  • Located 1 Mile from Highway 199 Which Sees Over 33,000 Vehicles a Day

Exclusively Listed By

RV Park

Pecan Acres RV Park

Listing Price: $4,100,000

Cap Rate
8.02%
Number of Spaces
84
Lot Size
8.79 acres
Occupancy
88.0%
Price/Space
$48,810
Spaces/Acre
9.56
Year Built
2000

Investment Highlights

  • Operates on City Water
  • Approximately 500 Feet of Frontage on FM 730 Which Sees Over 12,000 Vehicles Each Day
  • 18 Minutes from Fort Worth
  • 3 Miles (8 Minutes) from Eagle Mountain Lake
  • Located 1 Mile from Highway 199 Which Sees Over 33,000 Vehicles a Day

Investment Overview

Azle sits on the Tarrant/Parker County line along State Highway 199, sixteen miles northwest of downtown Fort Worth. Azle is notable because it is culturally and geographically removed enough from the metroplex (total population of 6.5 million) to maintain its small town feel while steadily growing in population and commerce in rapid spurts. Highway 199 joins Azle to the regional interstate system and provides connectivity for the metropolitan’s residents. Many people living in the area work, attend school and enjoy activities both in Azle and in the Metroplex. In fact, many newcomers are drawn to the cities affordable housing, land, and easy access to Fort Worth’s amenities. The Dallas Business Journal ranked Azle as #16 in North Texas Fastest-Growing Cities in a November 2020 publication. The publication ranked cities with a population of 10,000 or more by Population Growth Rate from 2015-2019. The Dallas Business Journal recently published its annual list of the top economic development agencies in North Texas, as ranked by the value of their deals during 2021. The City of Fort Worth ranked second, behind the Sherman Economic Development Corp. and placing above others in the Metroplex, including the City of Mesquite, the City of Dallas, McKinney Economic Development Corp. and Irving Economic Development Partnership. The value of deals in Fort Worth during 2021 reached $569 million. This value not only captured several corporate relocations or major expansions to the area, but also included two major developments that represent significant investment in the area – the Crescent Hotel and the Hoque Global development. Fort Worth’s top qualifying projects for 2021 • September 2021: Crescent Real Estate breaks ground on $250 Million Luxury Development with a 200-room luxury hotel, restaurant, rooftop lounge, offices, and 170 residential units. Construction is scheduled to be complete in mid-2023. • April 2022: MP Materials begins construction on a 200,000 square-foot greenfield metal, alloy, and neodymium-iron-boron magnet manufacturing facility. The facility will create approximately 150 skilled jobs and approximately 1,300 indirect jobs and plans to begin production at the Fort Worth facility in late 2023. • December 2021: RSI SmartCap, a provider of stainless-steel truck cap systems, signs lease in Carter Distribution Center in Fort Worth to begin buildout of $4.2 million facility. • June 2022: Hoque Global Properties unveils their plans for a $65 million ‘Innovation Alley’ Mixed-Use Downtown Development. The property operates on city water with 17+/- sites that run on well water but can switch over to city water with the switch of a valve. The sewer is leech field and aerobic, that are pumped twice a year.

Exclusively Listed By

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