Hotel-Motel

Comfort & Quality Inn Spring Lake

115 Lake Ave, Spring Lake, NC 28390

Listing Price: $7,750,000

Cap Rate
13.09%
Number of Rooms
109
RevPAR
$55
Gross SF
73,140
Price/Room
$71,101
RRM
3.57
Price/Gross SF
$105.96
Year Built
1984

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the dual branded Comfort & Quality Inn located in Spring Lake, North Carolina. Off Highway 24 and 4 miles from Fort Bragg, this casual hotel is 11 miles from both Cape Fear Botanical Garden and downtown Fayetteville. The Comfort & Quality Inn are perfect for the leisure traveler or military families visiting one of the top military bases in the country, Fort Bragg. Fayetteville has received the prestigious All-America City Award from the National Civic League three times. It is currently the sixth largest municipality in North Carolina and is the county seat of Cumberland County as well as the home of Fort Bragg Military Base, which employs over 15,000 residents.

In addition to Fort Bragg, Fayetteville has multiple entertainment and historic attractions including golf courses, museums, parks, and restaurants. There are four colleges located in Fayetteville, NC. This property is an excellent opportunity for an investor to purchase a hotel well below replacement cost. It is in a stable, military market, which continues to grow. Fayetteville is the county seat of Cumberland County, a part of the Coastal Plain region of North Carolina. When Congress passed the Base Realignment and Closure (BRAC) Act, it resulted in several new commands relocating to Fort Bragg. These included the U.S. Army Forces Command and U.S. Army Reserve Command, both of which relocated from Fort McPherson in Atlanta. This brought more than 30,000 people to the area with associated businesses and families. FORSCOM awards over $300 billion in contracts annually. Fort Bragg and Pope Field (formerly Pope Air Force Base) are next to the city of Fayetteville. Several U.S. Army Airborne units are also stationed at Fort Bragg, most prominently the XVIII Airborne Corps HQ, the 82nd Airborne Division, and the United States Army Special Operations Command.

Investment Highlights

  • Fee-simple interest in the 60-key Comfort Inn & 49-key Quality Inn located in Spring
  • Strategic location just off Highway 24 with close proximity to multiple demand
  • Property Tours available upon request

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

Hotel-Motel

Comfort & Quality Inn Spring Lake

Listing Price: $7,750,000

Cap Rate
13.09%
Number of Rooms
109
RevPAR
$55
Gross SF
73,140
Price/Room
$71,101
RRM
3.57
Price/Gross SF
$105.96
Year Built
1984

Investment Highlights

  • Fee-simple interest in the 60-key Comfort Inn & 49-key Quality Inn located in Spring
  • Strategic location just off Highway 24 with close proximity to multiple demand
  • Property Tours available upon request

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the dual branded Comfort & Quality Inn located in Spring Lake, North Carolina. Off Highway 24 and 4 miles from Fort Bragg, this casual hotel is 11 miles from both Cape Fear Botanical Garden and downtown Fayetteville. The Comfort & Quality Inn are perfect for the leisure traveler or military families visiting one of the top military bases in the country, Fort Bragg. Fayetteville has received the prestigious All-America City Award from the National Civic League three times. It is currently the sixth largest municipality in North Carolina and is the county seat of Cumberland County as well as the home of Fort Bragg Military Base, which employs over 15,000 residents.

In addition to Fort Bragg, Fayetteville has multiple entertainment and historic attractions including golf courses, museums, parks, and restaurants. There are four colleges located in Fayetteville, NC. This property is an excellent opportunity for an investor to purchase a hotel well below replacement cost. It is in a stable, military market, which continues to grow. Fayetteville is the county seat of Cumberland County, a part of the Coastal Plain region of North Carolina. When Congress passed the Base Realignment and Closure (BRAC) Act, it resulted in several new commands relocating to Fort Bragg. These included the U.S. Army Forces Command and U.S. Army Reserve Command, both of which relocated from Fort McPherson in Atlanta. This brought more than 30,000 people to the area with associated businesses and families. FORSCOM awards over $300 billion in contracts annually. Fort Bragg and Pope Field (formerly Pope Air Force Base) are next to the city of Fayetteville. Several U.S. Army Airborne units are also stationed at Fort Bragg, most prominently the XVIII Airborne Corps HQ, the 82nd Airborne Division, and the United States Army Special Operations Command.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

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