16022 CUMBERLAND COVE RD Madill OK 73446

Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, is delighted to present the offering to acquire the Texoma Shores RV Resort, a 41-site RV campground with over 1-mile of shoreline on one of the biggest lakes in the south in Madill, Oklahoma.

The resort is centrally located between two major metros, Oklahoma City and Dallas/Fort Worth via I-20 and I-35. These major east/west and north/south thoroughfares are the main routes for snowbirds traveling from the cold Upper Midwest states to the warmer South during the winter months, thereby main lodging at Texoma Shores an attractive stay for daily guests.

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

• Texoma Shores has been operated as a membership park without an active member sale 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 30-40% and market rates of $45+/night.

• The majority of the property (109 acres) is on a ground lease from the Army Corps of Engineers through 2032 with a 20 year possible extension.

• With over a mile of shoreline on Lake Texoma, one of the largest reservoirs in the US, and within two hours of Dallas and Oklahoma City, 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 electric for extended-stay customers, adding camp store/vending, premium WiFi/Cable and other income streams, and possibly expanding the marina and park.