- For Sale $4,300,000
- Property Type Other
- Property Size 36,281 SF
- Units 80
- Lot Size 1.66 Acre
- Year Built 2006
- Year Renovated 2016
- Date Updated Mar 8, 2024
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Attachments
Highlights
- Offered at 12.5% current cap rate. Proforma Cap Rate is valued at 13% or more.
- Offered at $53,750 per key, well below replacement cost.
- 26% Cash-On-Cash return
- Ideal size for owner-operator
- Owner Absentee property. Potential for a new operator to cut down on expenses and increase NOI.
- Currently operating at a 66% Occupancy and RevPAR Index compared to Compset. Perfect opportunity for an owner-operator to boost revenue and occupancy over time.
- New ownership may have to complete a new PIP. We are projecting an annual increase of 10% - 15% in topline revenue.
- Last Renovated in 2016
- 8 minutes from River Creek Golf Course
- 8 minutes from the Kiowa and Camanche Casinos
- Under 2 hour drive to Dallas-Fort Worth, Texas
False
Contacts
Salman (Sam) Tabani
Tabani Realty
(972) 810-7729
Location
Getting Around
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Walk Score ®
Car-Dependent (32) -
Bike Score ®
Somewhat Bikeable (36)
- City Burkburnett, TX
- Neighborhood Burkburnett
- Zip Code 76354
Points of Interest
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Alon
0.20 miles
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Exxon
6.71 miles
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Sheppard Express
8.05 miles
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Accel Fuels
8.42 miles
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Murphy USA
8.79 miles
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Alon
8.81 miles
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Alon
8.86 miles
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CEFCO
8.87 miles
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Shell
9.10 miles
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Alon
9.90 miles
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Chicken Express
0.16 miles
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Braum's
0.17 miles
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Whataburger
0.31 miles
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Feed Lot
0.34 miles
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The Star Diner
0.37 miles
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Lite Pan
0.40 miles
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McDonald's
0.47 miles
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Subway
0.97 miles
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Domino's
1.24 miles
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Sonic
1.27 miles
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Southside School
0.33 miles
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Burkburnett High School
1.13 miles
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Burkburnett Alternative Education Center
1.21 miles
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Burkburnett Middle School
1.28 miles
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John G. Tower Elementary School
6.89 miles
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Haynes Elementary School
8.26 miles
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Sheppard Air Force Base Elementary School
8.43 miles
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City View Junior/Senior High School
9.19 miles
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Kirby Middle School
9.63 miles
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Kate Burgess Elementary School
9.81 miles
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Children's Corner Daycare
9.09 miles
Contact Listing Broker
Salman (Sam) Tabani
Tabani Realty
(972) 810-7729