ABVI Sanford

  • Total Revenue
    $496,690
  • NOI
    $195,789
  • Price Per Key
    $19,079
  • CapRate
    13.5%
  • Pricing Guidance
    $1,450,000
  • Room Count
    76
  • Construction Type
    Concrete and Wood
  • Acres
    4.39 Acres

Marcus & Millichap is pleased to offer the opportunity to acquire the America’s Best Value Inn hotel located at 1143 N Horner Blvd, Sanford, NC 27330. The property contains 76 guest rooms that come equipped with microwaves, mini-refrigerators, spacious work desks, flat-screen televisions, as well as hairdryers. The hotel is conveniently located off of US-421, with easy access to I-74 and I-95. The hotel is currently operating at 40.5% occupancy, with an average daily rate of $42.60. In 2018, the Americas Best Sanford produced over $470,000 in room revenue.

Located off of US-421 the America’s Best Value Inn is centrally located in the state and just a short drive from major interstates, making it easily accessible to North Carolina residents as well as visitors from surrounding states. For visitors traveling from further away, Raleigh-Durham International Airport (RDU) is 46 miles northeast and under a 50 minute drive. Sanford is the county seat of Lee County and is a former railroad town named after the famous railroad engineer Colonel Charles Sanford. You can explore downtown including their preserved railroad depot and other historic buildings within minutes of the hotel. A restored 1925 playhouse, the Temple Theatre, 2 miles away, is the most visited site in the county. The theatre puts on seven mainstage shows which run for several weeks per season ranging from musicals to dramas. Actors are sometimes local but mainly paid professionals brought in from across the country. The Theatre also functions as a Comedy Zone venue, and has hosted a number of well known stand up comics. Special events also include concerts and dance recitals. The Temple attracts approximately 40,000 patrons each year from surrounding areas like the Research Triangle, Piedmont Triad, and Sandhills. Sanford also plays host to a variety of events and festivals throughout the year, including the Sanford Annual Pottery Festival- the largest in NC.The ABVI is less than a mile from Central Carolina Community College which currently has a total enrollment of 4,728 students. Lee County High School is ranked 1 of 5 high schools in Lee County and is less than a half mile from the property. The hotel benefits from both of these educational institutions graduations. Other nearby demand generators include San-Lee Park, Raven Rock State Park, Sanford Shopping Center, Lee County Industrial Park Deep River Sporting Clays, Sanford Golf Course, and Carolina Trace Country Club.

Located off of US-421 the Comfort Suites hotel in Sanford North Carolina is centrally located in the state and just a short drive from major interstates, making it easily accessible to North Carolina residents as well as visitors from surrounding states. For visitors traveling from further away, Raleigh-Durham International Airport (RDU) is 46 miles northeast and under a 50 minute drive. Sanford is the county seat of Lee County and is a former railroad town named after the famous railroad engineer Colonel Charles Sanford. You can explore downtown including their preserved railroad depot and other historic buildings within minutes of the hotel. A restored 1925 playhouse, the Temple Theatre, 2 miles away, is the most visited site in the county. The theatre puts on seven mainstage shows which run for several weeks per season ranging from musicals to dramas. Actors are sometimes local but mainly paid professionals brought in from across the country. The Theatre also functions as a Comedy Zone venue, and has hosted a number of well known stand up comics. Special events also include concerts and dance recitals. The Temple attracts approximately 40,000 patrons each year from surrounding areas like the Research Triangle, Piedmont Triad, and Sandhills. Sanford also plays host to a variety of events and festivals throughout the year, including the Sanford Annual Pottery Festival- the largest in NC.The Comfort Suites is less than a mile from Central Carolina Community College which currently has a total enrollment of 4,728 students. Lee County High School is ranked 1 of 5 high schools in Lee County and is less than a half mile from the property. The hotel benefits from both of these educational institutions graduations. Other nearby demand generators include San-Lee Park, Raven Rock State Park, Sanford Shopping Center, Lee County Industrial Park Deep River Sporting Clays, Sanford Golf Course, and Carolina Trace Country Club.

Offering Materials

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Contact Agent

agent

Chase Dewese

Associate - National Hospitality Group

201 S. Tryon St.
Suite 1220
Charlotte, NC 28202

(704) 831-4636

chase.dewese@marcusmillichap.com

contact agent

Contact Agent

agent

Joce Messinger

Director, National Hotel Group

151 Meeting Street
Suite 450
Charleston, SC 29401

(843) 952-2255

joce.messinger@marcusmillichap.com

contact agent