Hotel-Motel

Super 8 Wilmington

3604 Market St, Wilmington, NC 28403

Listing Price: $4,350,000

Cap Rate
16.28%
Number of Rooms
62
RevPAR
$62
Gross SF
16,230
Price/Room
$70,161
RRM
3.09
Price/Gross SF
$268.02
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the Super 8 by Wyndham located in the heart of Wilmington, North Carolina. Wilmington is a coastal market with strong tourism demand generators that include historical downtown Wilmington, beaches/islands and the University of North Carolina Wilmington. This well-appointed Super 8 was constructed in 1990, rooms and suites include en suite bathrooms, TVs with cable or satellite channels, minifridges, microwaves and coffeemakers. Amenities include complimentary continental breakfast, a business center and free parking for large vehicles. The Super 8 Wilmington is two miles away from the University of North Carolina Wilmington, which enrolls over 15,000 students annually and is ranked as one of the top 20 Best Colleges in the south, according to the Regional Universities South publication.

The Wilmington International Airport is located less than four miles from the Super 8. The airport serves the area with commercial air service provided by American Airlines, Delta Air Lines, and United Airlines. American Airlines carries a large share of the airport's traffic, and therefore flies the largest of the aircraft in and out of the airport. The airport serves over 930,000 travelers per year. The airport is also home to two fixed-base operations which currently house over 100 private aircraft.

The Port of Wilmington is one of the few Southern ports with readily available docks and storage areas for containers and cargo. The Port supports more than 59,200 jobs across North Carolina, which makes up a substantial portion of the state's economy. The availability of the Port of Wilmington plays an important role in the supply chain decisions of companies which currently have operations in North Carolina and those considering locating manufacturing and distribution operations in North Carolina. The economic contribution of the existing deep-water port in North Carolina foster economic development across the state. Modern transit and warehouse facilities and the latest in cargo management technology provide a broad platform for supporting international trade to the fast-growing Southeast U.S. market.

Investment Highlights

  • Fee simple interest in the 62-unit Super 8 located in Wilmington, NC
  • Close proximity to the University of North Carolina Wilmington
  • Walking distance to restaurants and entertainment
  • Rapidly growing market close to the International airport and multiple beaches

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

Listing Price: $4,350,000

Cap Rate
16.28%
Number of Rooms
62
RevPAR
$62
Gross SF
16,230
Price/Room
$70,161
RRM
3.09
Price/Gross SF
$268.02
Year Built
1990

Investment Highlights

  • Fee simple interest in the 62-unit Super 8 located in Wilmington, NC
  • Close proximity to the University of North Carolina Wilmington
  • Walking distance to restaurants and entertainment
  • Rapidly growing market close to the International airport and multiple beaches

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the Super 8 by Wyndham located in the heart of Wilmington, North Carolina. Wilmington is a coastal market with strong tourism demand generators that include historical downtown Wilmington, beaches/islands and the University of North Carolina Wilmington. This well-appointed Super 8 was constructed in 1990, rooms and suites include en suite bathrooms, TVs with cable or satellite channels, minifridges, microwaves and coffeemakers. Amenities include complimentary continental breakfast, a business center and free parking for large vehicles. The Super 8 Wilmington is two miles away from the University of North Carolina Wilmington, which enrolls over 15,000 students annually and is ranked as one of the top 20 Best Colleges in the south, according to the Regional Universities South publication.

The Wilmington International Airport is located less than four miles from the Super 8. The airport serves the area with commercial air service provided by American Airlines, Delta Air Lines, and United Airlines. American Airlines carries a large share of the airport's traffic, and therefore flies the largest of the aircraft in and out of the airport. The airport serves over 930,000 travelers per year. The airport is also home to two fixed-base operations which currently house over 100 private aircraft.

The Port of Wilmington is one of the few Southern ports with readily available docks and storage areas for containers and cargo. The Port supports more than 59,200 jobs across North Carolina, which makes up a substantial portion of the state's economy. The availability of the Port of Wilmington plays an important role in the supply chain decisions of companies which currently have operations in North Carolina and those considering locating manufacturing and distribution operations in North Carolina. The economic contribution of the existing deep-water port in North Carolina foster economic development across the state. Modern transit and warehouse facilities and the latest in cargo management technology provide a broad platform for supporting international trade to the fast-growing Southeast U.S. market.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

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