Rainbow Plantation RV Park

Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the offering to acquire Rainbow Plantation RV Park, a 119-site RV Park in Summerdale, Alabama, 32 miles from Mobile.​ The coastal Alabama area offers an idyllic escape with its pristine white-sand Gulf beaches, vibrant culinary scene, and warm Southern hospitality.​ This well-appointed RV park features extra-large full-hookup sites, dry camp sites, a clubhouse, swimming pool, dog park, laundry facilities, and a bathhouse.​

The property is strengthened by its multiple growth opportunities, including 31 acres of expansion potential, and its prime location in one of the most popular beach vacation destinations in the U.​S.​

Conversion from a majority-membership park to a traditional park provides opportunity for a new buyer to purchase the property below-replacement cost and lease up and stabilize the park over a 1-3 year period.​

The asking price for the property is $4,000,000 ($33,613/site).​ This represents a ~17% stabilized yield on cost (excluding the expansion land).​

Join email list and provide investment criteria: https://lnkd.​in/g9xC5k-a

Colliers Manufactured Housing & RV Group Linkedin Page:
https://www.​linkedin.​com/company/35565066

Other opportunities:
https://www.​crexi.​com/profile/mike-nissley-mikeni

MH Park Groups:
https://www.​facebook.​com/groups/1971542136217030
https://www.​linkedin.​com/groups/12180353

RV Park Groups:
https://www.​facebook.​com/groups/2040575082699586
https://www.​linkedin.​com/groups/12180303

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  Rainbow Plantation is a majority transient RV park with average rates of ~$11/ night and running ~60% occupancy.

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  By converting to a public park without memberships and increasing advertising spend the rates should be able to be increased to market rates which are ~$30-35/night.

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  Located 35 minutes from the beach between Mobile, AL and Pensacola, FL. with easy access to regional amenities such as the outlets and Hot Air Balloon Festival in Foley, AL.

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  Management in-place with current out-of-area owner and ready for stabilization post-membership.

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  Opportunity to grow revenue by raising rates, converting underperforming annual sites, adding cabin sites, converting standard sites to premium, adding premium WiFi and Cable options, vending, application fees, etc.