Why Are Commercial Real Estate Investors So Interested in Campgrounds?
Real estate investing, for some, means commercial buildings such as upscale apartment complexes, modern business towers, or even warehouses. However, real estate investments aren’t only limited to the cities and suburbs.
The great outdoors has never been more popular, and now many commercial real estate investors are investing in this exciting industry. From campsite franchises to investing in an RV park, here are some reasons why commercial real estate investors are trending towards lush green landscapes rather than hitting the pavement of big cities.
The campground clientele provides fast ROI
The first rule of a real estate investment is to find a worthwhile opportunity that will bring ROI back as soon as possible. One of the best things about investing in a campground franchise is that the campground clientele are not necessarily traditional campers, meaning they do not travel on a shoestring. Rather, vacationers who visit campgrounds are families who are willing to spend, and spend every night. This translates into a safe investment as vacationers looking to stay in short-term rentals usually come with deeper pockets.
Camping is changing to become more high-tech
People aren’t just going camping to become one with nature anymore. Instead, they’re looking for accommodations with indoor plumbing, electricity for their gadgets and gizmos, wifi, and fully stocked kitchens. Additionally, campers are vacationing for less and less time, spending a week on your site rather than a month at a time. These changes in the attitude around camping can help to lure more people to your franchise.
The growth in popularity includes all generations
Camping is a great family activity that is only rising in popularity. In fact, almost 60% of households say that someone in their home has gone camping. Additionally, according to RE Journals, it’s not just families who are looking for the outdoorsy experience, as 51% of millennials have expressed the desire to go camping more frequently. With that in mind, now is a great time to choose a real estate investment trust in a campground.
Real estate investment is changing, with more and more investors choosing to go to the wild outdoors rather than stay inside. If you would like to open up a real estate investment trust in a Jellystone franchise, please do contact us today for more information.