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Multifamily

Ingle's Motel

1636 N Boulder Hwy, Henderson, NV 89011

Listing Price: $4,100,000

Cap Rate
12.50%
Number of Units
27
GRM
5.62
Price/Unit
$151,852
Price/Gross SF
$507.43
Gross SF
8,080

Investment Overview

Marcus & Millichap, as the exclusive listing group, is pleased to introduce the Ingle’s Motel, a 27-unit investment opportunity situated in close proximity to Downtown Henderson, NV. This property features single-story construction with 300 square foot floor plans, set on an expansive 0.63-acre lot.

The motel currently collaborates closely with various non-profit housing organizations to fill its vacancies. These organizations provide valuable community support services aimed at addressing homelessness. Given the strong demand for these programs, they are able to offer rent rates that surpass the market average.

Ingle’s Motel enjoys the advantage of its proximity to Henderson’s renowned Water Street District and Interstate 515 to the east and north, respectively. Additionally, the Galleria at Sunset and other major retail centers are located within a 2-mile radius, granting residents convenient access to a wide array of dining, entertainment, and shopping options.

With its prime location in Henderson and the potential for above-average returns, Ingle’s Motel is strategically positioned to provide investors with substantial returns and long-term value growth.

Investment Highlights

  • 12.5% Cap Rate Year 1
  • Master Lease - Government Backed Rent
  • Housing Organization Committed to Long-Term Relationship with New Investor
  • 10 Minutes From Downtown Henderson

Exclusively Listed By

Financing By

Multifamily

Ingle's Motel

Listing Price: $4,100,000

Cap Rate
12.50%
Number of Units
27
GRM
5.62
Price/Unit
$151,852
Price/Gross SF
$507.43
Gross SF
8,080

Investment Highlights

  • 12.5% Cap Rate Year 1
  • Master Lease - Government Backed Rent
  • Housing Organization Committed to Long-Term Relationship with New Investor
  • 10 Minutes From Downtown Henderson

Investment Overview

Marcus & Millichap, as the exclusive listing group, is pleased to introduce the Ingle’s Motel, a 27-unit investment opportunity situated in close proximity to Downtown Henderson, NV. This property features single-story construction with 300 square foot floor plans, set on an expansive 0.63-acre lot. The motel currently collaborates closely with various non-profit housing organizations to fill its vacancies. These organizations provide valuable community support services aimed at addressing homelessness. Given the strong demand for these programs, they are able to offer rent rates that surpass the market average. Ingle’s Motel enjoys the advantage of its proximity to Henderson’s renowned Water Street District and Interstate 515 to the east and north, respectively. Additionally, the Galleria at Sunset and other major retail centers are located within a 2-mile radius, granting residents convenient access to a wide array of dining, entertainment, and shopping options. With its prime location in Henderson and the potential for above-average returns, Ingle’s Motel is strategically positioned to provide investors with substantial returns and long-term value growth.

Exclusively Listed By

Financing By

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