Freedom RV Park Portfolio

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Location:
9909 I-20 & 201 W. Florida
Sweetwater, Tx 79556

Primary Contact:
Beth Shallcross
Shallcross Real Estate

Property Details:
Freedom RV Park portfolio consists of two separate parks approximately 3 miles apart in the town of Sweetwater, TX, in the heart of oil country. Both parks cater to the contract and provisional worker population in the oil and gas, wind farm, and railroad industries.

Over the past 3 years, ownership has made significant capital improvements to the parks. Additionally, they have worked diligently to improve their reputation and brand presence, locally and online. On-site management is dedicated to upholding that reputation by providing service above and beyond the local standards. Ownership has increased rents thrice during the last 3 years, the most recent increase being 11/15/2022. The pro forma cap rate includes the expected increase based on the new rate and historical occupancy.

Freedom RV Park offers an array of amenities that distinguishes it from other competitors in the area, most especially the swimming pool, larger RV sites, superior Wi-Fi, and excellent customer service. With nearly 6 undeveloped acres at the I-20 location, there is ample opportunity for expansion of the park spaces and facilities for additional revenue generation. The oil and gas industries are predicted to trend upward for the foreseeable future, leading to steady income from the worker base in the area. Moreover, Georgia-Pacific is currently investing $285M to expand their manufacturing facility, creating more jobs in the area.