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Hotel-Motel

Econo Lodge Asheboro

827 Albemarle Rd, Asheboro, NC 27203

Listing Price: $3,250,000

Cap Rate
6.85%
Number of Rooms
62
RevPAR
$34
Gross SF
30,207
Price/Room
$52,419
RRM
3.94
Price/Gross SF
$107.59
Year Built
1960

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 62-unit, Econo Lodge, located in Asheboro, North Carolina. The property is conveniently located on 2.61 acres, directly off Interstate-74, affording the property high visibility and accessibility. Common area amenities include coin operated laundry facilities, vending machines, and a lobby area with a TV. Guests can enjoy at no extra charge free parking during their stay. Each guest room is equipped with free Wi-Fi, TV with cable channels, desk with chair, microwave, and minifridge. The rooms are well maintained, and housekeeping is available throughout guest stays. The Econo Lodge is centrally located in North Carolina, 70 miles west of Raleigh, and 85 miles east of Charlotte. These nearby metros encompass many high demand generators. The Motel 6 is situated at exit 72-B off Interstate-74, which feature two major distribution centers for Energizer Battery Inc, which employs over 10,000 people nationwide, and Klaussner Furniture Industries, whose headquarters is based in Asheboro and employees over 2,000 individuals. Other local demand generators in the area include North Carolina Zoo, American Classic Motorcycle Museum, and Asheboro Mall. The Motel 6 is located within 2 miles of Downtown Asheboro, which harbors many medical centers, retail strips, restaurants and other demand generators.

Investment Highlights

  • Fee simple interest in the 62, Econo Lodge Asheboro, located in Asheboro, North Carolina
  • Conveniently located off I-74 | Close proximity to all demand generators
  • Centrally located in North Carolina | 28 miles from Greensboro and 25 miles from High Point
  • Located 8.5 Miles from the North Carolina Zoo & 2 miles from Downtown Asheboro
  • Klaussner Furniture Industries Inc., maintains their headquarters in Asheboro, featuring a distribution center 2 miles away

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Hotel-Motel

Econo Lodge Asheboro

Listing Price: $3,250,000

Cap Rate
6.85%
Number of Rooms
62
RevPAR
$34
Gross SF
30,207
Price/Room
$52,419
RRM
3.94
Price/Gross SF
$107.59
Year Built
1960

Investment Highlights

  • Fee simple interest in the 62, Econo Lodge Asheboro, located in Asheboro, North Carolina
  • Conveniently located off I-74 | Close proximity to all demand generators
  • Centrally located in North Carolina | 28 miles from Greensboro and 25 miles from High Point
  • Located 8.5 Miles from the North Carolina Zoo & 2 miles from Downtown Asheboro
  • Klaussner Furniture Industries Inc., maintains their headquarters in Asheboro, featuring a distribution center 2 miles away

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 62-unit, Econo Lodge, located in Asheboro, North Carolina. The property is conveniently located on 2.61 acres, directly off Interstate-74, affording the property high visibility and accessibility. Common area amenities include coin operated laundry facilities, vending machines, and a lobby area with a TV. Guests can enjoy at no extra charge free parking during their stay. Each guest room is equipped with free Wi-Fi, TV with cable channels, desk with chair, microwave, and minifridge. The rooms are well maintained, and housekeeping is available throughout guest stays. The Econo Lodge is centrally located in North Carolina, 70 miles west of Raleigh, and 85 miles east of Charlotte. These nearby metros encompass many high demand generators. The Motel 6 is situated at exit 72-B off Interstate-74, which feature two major distribution centers for Energizer Battery Inc, which employs over 10,000 people nationwide, and Klaussner Furniture Industries, whose headquarters is based in Asheboro and employees over 2,000 individuals. Other local demand generators in the area include North Carolina Zoo, American Classic Motorcycle Museum, and Asheboro Mall. The Motel 6 is located within 2 miles of Downtown Asheboro, which harbors many medical centers, retail strips, restaurants and other demand generators.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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