Skip to main content

RV Park

Hitchin' Post RV Park

4018 I-27, Plainview, TX 79072

Listing Price: $2,650,000

Cap Rate
10.45%
Number of Spaces
87
Lot Size
32.94 acres
Occupancy
57.0%
Price/Space
$30,460
Spaces/Acre
2.64
Year Built
2017

Investment Overview

Hitchin’ Post RV Park is a 87 site park in located in Plainview, Texas. The property features 10 pull-thru RV sites, 69 back-in sites, and 8 park model cabins. The community was originally built in 2017 and sits on approximately 32.94 acres. There’s also a possible 14-acre expansion opportunity. The park is master metered for electric with submeters installed, and currently electric is included with rent for daily, weekly, and monthly guests. The property has approximately 1400 feet of frontage on Interstate 27 which sees over 10,000 vehicles daily.
Plainview is the county seat of Hale County and located 1 hour south of Amarillo and 40 minutes north of Lubbock. Plainview is experiencing exciting growth and revitalization initiatives including:
• January 2024: City awarded $500,000 grant for the second phase of downtown streetscape project (following successful completion of first phase in 2022).
• Fiscal Year 2024 plans: $3.8 million in park improvements and a new $1.5 million animal shelter.
• Wayland Baptist University (four-year Christian college with over 3,000 students) women’s basketball team was inducted into the Basketball Hall of Fame.
Plainview boasts a strong and stable economy with established corporations and exciting new developments. Some of the major employers include:
• Walmart Distribution and Transportation Center (established in 1986, massive 1.2 million sq. ft. facility).
• Azteca Corn Milling (world’s largest corn flour mill, founded in 1989).
• October 2023: MYCON began construction on a new 21,910 sq. ft. industrial project in Plainview.

Investment Highlights

  • 10.45% Day One Cap Rate
  • Located 4 miles from Nearest Walmart Supercenter
  • 33 +/- Acres with Expansion Opportunity
  • Amenity Package Including: Park Wide Wi-Fi, Laundry Facilities, Dog Park and Dog Wash
  • Best Good Sam Rated Park in Plainview, TX with Minimal Local Competition

Exclusively Listed By

RV Park

Hitchin' Post RV Park

Listing Price: $2,650,000

Cap Rate
10.45%
Number of Spaces
87
Lot Size
32.94 acres
Occupancy
57.0%
Price/Space
$30,460
Spaces/Acre
2.64
Year Built
2017

Investment Highlights

  • 10.45% Day One Cap Rate
  • Located 4 miles from Nearest Walmart Supercenter
  • 33 +/- Acres with Expansion Opportunity
  • Amenity Package Including: Park Wide Wi-Fi, Laundry Facilities, Dog Park and Dog Wash
  • Best Good Sam Rated Park in Plainview, TX with Minimal Local Competition

Investment Overview

Hitchin’ Post RV Park is a 87 site park in located in Plainview, Texas. The property features 10 pull-thru RV sites, 69 back-in sites, and 8 park model cabins. The community was originally built in 2017 and sits on approximately 32.94 acres. There’s also a possible 14-acre expansion opportunity. The park is master metered for electric with submeters installed, and currently electric is included with rent for daily, weekly, and monthly guests. The property has approximately 1400 feet of frontage on Interstate 27 which sees over 10,000 vehicles daily. Plainview is the county seat of Hale County and located 1 hour south of Amarillo and 40 minutes north of Lubbock. Plainview is experiencing exciting growth and revitalization initiatives including: • January 2024: City awarded $500,000 grant for the second phase of downtown streetscape project (following successful completion of first phase in 2022). • Fiscal Year 2024 plans: $3.8 million in park improvements and a new $1.5 million animal shelter. • Wayland Baptist University (four-year Christian college with over 3,000 students) women’s basketball team was inducted into the Basketball Hall of Fame. Plainview boasts a strong and stable economy with established corporations and exciting new developments. Some of the major employers include: • Walmart Distribution and Transportation Center (established in 1986, massive 1.2 million sq. ft. facility). • Azteca Corn Milling (world’s largest corn flour mill, founded in 1989). • October 2023: MYCON began construction on a new 21,910 sq. ft. industrial project in Plainview.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower