Investment Overview

Buffalo RV Park is a 61-site RV community located in Breckenridge, Texas. The asset sits on approximately 9 acres with room for expansion to increase the number of sites and revenue. Amenities include on-site laundry, showers and restrooms for the tenants and asphalt roads throughout. All utilities are currently paid by the property and it operates on city water and sewer. The current manager lives on-site and would be open to staying onboard for the future ownership. Breckenridge, Texas, is located just about two hours west of the Dallas/Fort Worth metropolitan area. Attractions in the area include Hubbard Creek Lake for fishing, boating, other water sports, the Swenson Memorial Museum, and the Breckenridge Fine Arts Center. According to BreckenridgeTexas.com, there are nearly 600 businesses in the area that offer employment to the residents of Breckenridge and create a need for both long term and short-term housing. Alsup’s gas station is currently being developed in front of the property. The asset is less than 10 minutes from the major highway State Highway 67 and US Route 180 that leads straight through the city of Breckenridge. Buffalo RV Park is being offered at a day one capitalization rate of 10.22 percent and a pro forma capitalization rate of 13.17 percent.