596 HIGHWAY 317 Ashdown AR 71822-8467

Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, is delighted to present the offering to acquire Millwood Landing Resort, a 65-site RV & Golf Resort located in Southwest corner of Arkansas, on one of the states premier bass lakes, Millwood Lake. The resort features southern Arkansas’ longest 18-hole golf course, a par 72 challenging course woven through the tall and wispy pines and is located about 25 miles northeast of Texarkana and the Arkansas/Texas state line.

The resort currently operates as a membership campground and golf resort adding to the main attraction of its proximity to Millwood Lake and the recreational attractions that surround it.

The property has historically operated as part of a membership club which seeks to optimize membership revenue rather than property-level NOI.

This provides the opportunity for a buyer to purchase an underperforming property at a price well-below replacement cost and stabilize the property at a high double-digit unlevered yield.

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

• Millwood Landing is a majority extended-stay membership park without an active member sales operation.

• All membership obligations remain with the seller and the property is primed and ready is primed and ready to be operated as a traditional RV park and stabilized to market occupancy of 35-40% and market rates of $60+/night.

• Located on Millwood Lake, twenty minutes north of Texarkana and within three hours of Dallas and Little Rock, the resort would have strong demand as a traditional RV park.

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

• Opportunity to grow revenue by raising rates, improving traditional occupancy, optimizing transient/extended-stay site mix, adding additional cabin/motel sites, billing back for electric on extended stay customers, growing golf revenue, adding camp store/vending, premium WiFi/Cable and other income streams, and possibly expanding the park.