A turnkey 72-site campground on city services
with RV, tent, and cabin lots,
serving as a gateway to Grand Teton
and Yellowstone National Parks.
– Opportunity for the next buyer to eliminate the KOA
flag by not renewing the contract after it expires, which
would increase NOI by removing an expense of 25%
of revenue or around $200,000 per year. The belief is
that the incredible location already drives customer
demand, so the KOA brand is not needed. Please see
the financial analysis on page six for more details.
– Further upside potential to continue raising the daily
rents during the season, which runs from the last week
of April to the end of October. Current ownership plans
to raise the 2025 rates throughout the year as they
infill demand. There is also the opportunity to keep the
park open during the winter months.
– The community features an extensive amenity package
including a game room, indoor pool, playground,
laundry facility, bathrooms, and an events stage for
music. Residents also have access to other activities
onsite including mini golf, fishing, chainsaw carving,
pedal cars, and a gem sluice for any mining lovers. The
community has a manager’s office and convenience
store, as well as maintenance buildings.
– The community consists of 72 total sites (60 RV, two
deluxe cabins, six camping cabins, and four tent sites)
plus on-site manager housing. Of the 60 RV units,
53 have full-service hook ups, including municipal
water, sewer, and electrical services as well as free
Wi-Fi. The other seven only have water and electrical
services. Approximately 72% of the RV sites have
50-amp connections.
– Subject property is attractively positioned relative to
more expensive local markets like Jackson and Moran.
On a nightly basis, The Virginian in Jackson can be over
100% more and Fireside Buffalo Valley in Moran can be
about 40% higher.
– Current Ownership has spent approximately $600K
on upgrades at the property. Major items include pool
resurfacing, the installation of firepits/water/electric
service to tent sites, upgraded river sites to 50-amp,
added a shower house, renovated the store, and more
(please see the Capex detail in the online Virtual Deal
Room for more details).
– Fremont County is a high barrier to entry market with
restrictive zoning and environmental regulations and a
complex permitting process that limits the potential for
any type of development, making it unlikely a new RV
park would be approved.