Contact Information

Mobile Home Park Details

  • Price: $1,995,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 13.8%
  • Property ID: 1248361
  • Posted On: Apr 29, 2020
  • Updated On: Apr 29, 2020

Property Description

Avery’s RV Park is a 34 site all age RV Park located in Springerville, Arizona. The Park is master metered for electric with sub-meters installed for a bill back program to monthly, seasonal and annual tenants (.16 per KwH). Electric is included with rent for daily/weekly tenants. The Sites offer 30/50 AMP electrical service to pedestal units. Water, sewer and trash are included with rent and paid by owner. Avery’s RV Park is on well water and septic. The well water system services the entire property and has two back-up holding tanks (100 gallons each). The septic system includes 5 tanks and 3 leach fields. Gas is propane. Pad Sites are 24’ X 50’ and 30’ X 50’. The Park offers 2 pull-through Sites. Current ownership utilizes a seasonal Camp Host during the high season (April – September). The most recent rent raise was $25 in 2016. The next rent raise is scheduled to occur December 1 for $20. Avery’s RV Park is operated with Camp Master software.

Avery’s BBQ Restaurant and the Waterhole Lounge offers slow smoked barbequed meats with complimentary side items. The interior of the restaurant has seating for approximately 30 people. There is also outdoor seating along a newer 90-foot post and beam covered veranda. A new outdoor courtyard (The Party Garden) providing additional seating and entertainment is currently being completed. The Party Garden is 3,700 sq ft of dining and entertainment space with two horse shoe pits. The Waterhole Lounge provides beer, wine, and hard liquor. The restaurant, lounge and convenience store have Class 6 and Class 10 liquor licenses. The 4,000 sq ft lounge has a bandstand, dance floor, three pool tables, dartboards, foosball, and additional is land bar seating. The lounge is illuminated with several unique hand-crafted elk antler chandeliers. All restaurant, kitchen, and lounge equipment is owned with the exception of the Point of Sale system (leased through NCR) and some entertainment equipment (pool tables, juke box, dartboard and foosball) is leased through Silver Creek with a 50/50 split. Current ownership closes the restaurant and lounge every Sunday year-round.

The 76 Fuel Station at Avery’s is a recent upgrade and conversion by current ownership (2019). The recently executed partnership with 76 has 10 years remaining. The gas station has six electronic gas pumps with 14 fuel hoses. Seven of these hoses are Diesel grade. Each pump offers four different grades (unleaded standard, plus, premium, and diesel). A new 76 Point of Sale system and software has been installed. This new POS system is also utilized by Avery’s convenience store, which services fuel and propane transactions. Avery’s 76 has historically had the highest diesel sales in Northern Arizona and accepts Fleet Services Cards. The propane filling station refills previously certified bottles and RV tanks. Avery’s 76 has easy highway parking and access for big-rigs and 18-wheelers.

Avery’s Chuckwagon Convenience Grocery Store offers a wide range of specialties, including freshly brewed coffee/cappuccinos, breakfast burritos, pastries, and sandwiches. The store also carries food supplies, travel items, toiletries, automotive supplies, and a wides election of drinks including beer and wine. Owner ship has recently installed a Growler Station with 6 tap handles and has the capacity to provide 6 1/6 bbls. The newly installed 76 Point of Sale system is operated and managed through the convenience store.

Avery’s U-Haul Retail Center offers a full compliment of rental trucks, trailers, moving equipment, and packing and storage items. Rental trucks include pickups, cargo vans and fully enclosed trucks from 10’ to 26’. The U-Haul retail center is operated through the Chuckwagon Convenience Store. The operational and licensing agreement with U-Haul is currently on a month to month basis.

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Park Information

Community Type: All Age
Number of MH Lots: 34
Year Built: 1984
Size: 4 acre(s)

Financial Information (Actual)

Gross Income $2,449,437
Operating Expense $2,175,028
Net Operating Income $274,408
Expense Ratio 88.8 %
Debt Info

Utility Information

Water: Well
Sewer: Septic

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