FUN TOWN RV (WHARTON)

SINGLE TENANT

6767 US-59 WHARTON, TX 77488
Price :
$ 3,100,000
Cap Rate :
8.00%
NOI :
$ 247,992
Lot Size :
9.42 acres
Year Built :
2014
Property Area :
12,765 sqft
Status :
AVAILABLE
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

  • 10 Year Triple-Net Leaseback with Fun Town RV, the #1 Selling Towable Dealer in the Nation
  • Fun Town RV Offers Servicing and Parts in Addition to the Sale of RV’s
  • Nine Locations Spanning Throughout the United States
  • 9.42-Acre Site with Ample Outside RV Parking and Additional Land Available For Expansion
  • Located Directly Off US-59 Frontage Road for Easy Customer Access

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the Fun Town RV Superstore property located at 6767 US-59 in Wharton, Texas. The subject property consists of approximately 12,765 square feet and is situated on 9.42 acres of land just 60 miles southwest of Houston. Built in 2014, the property is located directly off US-59 Frontage Road, creating easy access for customers. Committed to a 10-year triple-net leaseback, Fun Town RV will retain 100 percent occupancy. Average household income in Wharton was estimated to be $46,781 in 2017 and the area has experienced 2.45 percent population growth since 2010. In addition, traffic counts for major Wharton highways such as I-69 and Bus-59 have increased a combined total of 39 percent since 2013. The subject property is just 12 miles from the Wharton Regional Airport.

Fun Town RV is the #1 selling towable dealer in the nation, with over 80,000 square feet of indoor climate-controlled showrooms and an A+ rating through the Better Business Bureau. Fun Town RV has seven locations throughout Texas and two in Oklahoma. Established in 2010, Fun Town RV was started by a small group of seasoned RV industry professionals. They had the knowledge and contacts to become the #1 dealer in Texas within two years, and the top selling single location towable dealer in the U.S. They have now expanded with locations in Cleburne, Houston, Dallas, Waco, San Angelo, Denton, Giddings, and Purcell, OK.

Houston is the fourth most populous city in the nation and is the largest in the southern U.S. and Texas, stretching 8,778 square miles. With 2.3 million people, the city of Houston is home to the second largest concentration of Fortune 1,000 companies in the country. There are two airports in the Houston area and more than 17.5 million people visited the city in 2015 alone. Of the 20 arts districts in the State of Texas, six are located in Houston. As one of the fastest growing regions in the United States, Houston’s population is only expected to grow. Houston is known as the Energy Capital of the World, and is home to NASA headquarters and the largest medical center in the world. In the Houston Consolidated Metropolitan Statistical Area (CMSA), 575.4 miles of freeways and expressways (55 percent of the planned system) are in operation. Houston also lies along the route of the proposed I-69 NAFTA superhighway that will link Canada, the U.S. industrial mid-west, Texas and Mexico.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0060503 )

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916

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