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.