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Hotel-Motel

Motel 6 Asheboro

827 Albemarle Rd, Asheboro, NC 27203

Listing Price: $3,100,000

Cap Rate
9.32%
Number of Rooms
62
RevPAR
$38
Price/Room
$50,000
RRM
3.60
Year Built
1960

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the Motel 6, 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 Motel 6 is centrally located in North Carolina, 28 miles south of Greensboro, and 25 miles southeast of High Point. These nearby larger metros encompass many high demand generators, including University of North Carolina - Greensboro, which has an enrollment of over 16,000 students and is located 26 minutes from the subject property. 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 American Classic Motorcycle Museum, and Asheboro Mall. Downtown Asheboro harbors many medical centers including, but not limited to, Randolph Health, Cone Health Medical Group, and Premier Medical Center.

Investment Highlights

  • Fee simple interest in the 62-unit, Motel 6, located in Asheboro, North Carolina
  • Situated directly off Interstate-73 at exit 72-B
  • Centrally located in North Carolina | 28 miles from Greensboro and 25 miles from High Point
  • Energizer Battery Inc., who employs 10,000 individuals nationwide, runs a large-scale distribution center located less than a mile from the property
  • Klaussner Furniture Industries Inc., maintains their headquarters in Asheboro, featuring a distribution center 2 miles from the hotel

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Hotel-Motel

Motel 6 Asheboro

Listing Price: $3,100,000

Cap Rate
9.32%
Number of Rooms
62
RevPAR
$38
Price/Room
$50,000
RRM
3.60
Year Built
1960

Investment Highlights

  • Fee simple interest in the 62-unit, Motel 6, located in Asheboro, North Carolina
  • Situated directly off Interstate-73 at exit 72-B
  • Centrally located in North Carolina | 28 miles from Greensboro and 25 miles from High Point
  • Energizer Battery Inc., who employs 10,000 individuals nationwide, runs a large-scale distribution center located less than a mile from the property
  • Klaussner Furniture Industries Inc., maintains their headquarters in Asheboro, featuring a distribution center 2 miles from the hotel

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the Motel 6, 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 Motel 6 is centrally located in North Carolina, 28 miles south of Greensboro, and 25 miles southeast of High Point. These nearby larger metros encompass many high demand generators, including University of North Carolina - Greensboro, which has an enrollment of over 16,000 students and is located 26 minutes from the subject property. 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 American Classic Motorcycle Museum, and Asheboro Mall. Downtown Asheboro harbors many medical centers including, but not limited to, Randolph Health, Cone Health Medical Group, and Premier Medical Center.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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