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Hotel-Motel

Motel 6 Jacksonville

603 N Marine Blvd, Jacksonville, NC 28540

Listing Price: $6,250,000

Cap Rate
15.44%
Number of Rooms
117
RevPAR
$43
Gross SF
56,606
Price/Room
$53,419
Price/Gross SF
$110.41
Year Built
1983

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interested in the 117-unit, Motel 6, located in Jacksonville, North Carolina. The subject property was recently renovated and very well maintained. The hotel is situated on 2.71 acres directly off U.S. Highway-17 with strong visibility and ease of access. Common area amenities featured at the property include a fitness center, complimentary coffee, vending machines, 24-hour front desk, business center and a lobby lounge. Additional amenities include an outdoor BBQ equipment, and a seasonal outdoor pool. Each guest room is equipped with complimentary Wi-Fi, flat-screen TV, microwave, minifridge, desk with chair and private bathrooms. The Motel 6 is centrally located off U.S. Business Highway-17, providing visitors to the hotel direct access to all major attractions within Jacksonville as well as major cities as far south as Orlando, Florida and as far north as Winchester, Virginia. Additionally, the hotel is less than 3 miles to U.S. Route 258, a major north-south thoroughfare running adjacent to North Carolina's coast. The hotel is located less than 3 miles from the Jacksonville Mall, the largest shopping mall in Onslow County and Coastal Carolina Community College, which currently enrolls nearly 5,000 students. The hotel is within close-proximity to Onslow Memorial Hospital, Brynn Marr Hospital and Naval Hospital Camp Lejeune. Additionally, the hotel is a short drive to Hammocks Beach State Park, a North Carolina State Park situated on Bear Island, a three-mile long, undeveloped barrier island. The subject property is approximately 3 miles from the main entrance of Marine Corps Base Camp Lejeune, a 156,000 acre training facility. More than 170,00 military personnel, family, retired military, and civilian employees make up Camp Lejeune and surrounding area population. The base generates almost $3 billion in commerce each year. The location between two North Carolina deep-water ports, Wilmington and Morehead City, allows for fast deployments.

Investment Highlights

  • Fee simple interest in the 117-unit, Motel 6 Jacksonville, located in Jacksonville, North Carolina
  • Located directly off US-17 | Close proximity to all demand generators & southeastern travel destinations
  • 2.5 miles tp Camp Lejeune and Marine Corps Air Station, which comprises more than 33,000 individuals and over 246 Sq. Miles of land
  • Albert J Ellis Airport, 15 miles away, offers flights nationwide from major airlines, American and Delta
  • Less than 3 miles from Jacksonville Mall, an indoor shopping mall with a variety of retail and restaurants

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Hotel-Motel

Motel 6 Jacksonville

Listing Price: $6,250,000

Cap Rate
15.44%
Number of Rooms
117
RevPAR
$43
Gross SF
56,606
Price/Room
$53,419
Price/Gross SF
$110.41
Year Built
1983

Investment Highlights

  • Fee simple interest in the 117-unit, Motel 6 Jacksonville, located in Jacksonville, North Carolina
  • Located directly off US-17 | Close proximity to all demand generators & southeastern travel destinations
  • 2.5 miles tp Camp Lejeune and Marine Corps Air Station, which comprises more than 33,000 individuals and over 246 Sq. Miles of land
  • Albert J Ellis Airport, 15 miles away, offers flights nationwide from major airlines, American and Delta
  • Less than 3 miles from Jacksonville Mall, an indoor shopping mall with a variety of retail and restaurants

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interested in the 117-unit, Motel 6, located in Jacksonville, North Carolina. The subject property was recently renovated and very well maintained. The hotel is situated on 2.71 acres directly off U.S. Highway-17 with strong visibility and ease of access. Common area amenities featured at the property include a fitness center, complimentary coffee, vending machines, 24-hour front desk, business center and a lobby lounge. Additional amenities include an outdoor BBQ equipment, and a seasonal outdoor pool. Each guest room is equipped with complimentary Wi-Fi, flat-screen TV, microwave, minifridge, desk with chair and private bathrooms. The Motel 6 is centrally located off U.S. Business Highway-17, providing visitors to the hotel direct access to all major attractions within Jacksonville as well as major cities as far south as Orlando, Florida and as far north as Winchester, Virginia. Additionally, the hotel is less than 3 miles to U.S. Route 258, a major north-south thoroughfare running adjacent to North Carolina's coast. The hotel is located less than 3 miles from the Jacksonville Mall, the largest shopping mall in Onslow County and Coastal Carolina Community College, which currently enrolls nearly 5,000 students. The hotel is within close-proximity to Onslow Memorial Hospital, Brynn Marr Hospital and Naval Hospital Camp Lejeune. Additionally, the hotel is a short drive to Hammocks Beach State Park, a North Carolina State Park situated on Bear Island, a three-mile long, undeveloped barrier island. The subject property is approximately 3 miles from the main entrance of Marine Corps Base Camp Lejeune, a 156,000 acre training facility. More than 170,00 military personnel, family, retired military, and civilian employees make up Camp Lejeune and surrounding area population. The base generates almost $3 billion in commerce each year. The location between two North Carolina deep-water ports, Wilmington and Morehead City, allows for fast deployments.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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